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The National Bureau of Statistics announced that profits for China’s industrial enterprises above designated size reached 4.58 trillion yuan in the January-July period of 2026. This marked a 17.6 percent increase from the same period a year earlier, though the pace eased from the 18.7 percent growth seen in the first half of the year. Industrial profits expanded 11.2 percent in July from a year earlier, the slowest monthly rate recorded so far in 2026, according to the bureau.
Data from the National Bureau of Statistics showed state-controlled enterprises registered a 16.3 percent profit rise to 1.49 trillion yuan during the seven-month span. Joint-stock companies posted a 23.6 percent gain to 3.55 trillion yuan while private firms saw profits climb 10.9 percent to 1.14 trillion yuan. Foreign-invested enterprises along with those from Hong Kong, Macao and Taiwan reported a 1.2 percent increase to 1.01 trillion yuan.
The National Bureau of Statistics breakdown placed mining sector profits 34.9 percent higher at 666.05 billion yuan for the period. Manufacturing profits advanced 18.8 percent to 3.44 trillion yuan even as the power, heat, gas and water production and supply sector contracted 5.8 percent to 478.42 billion yuan. Among individual industries, computer, communications and other electronic equipment manufacturing delivered a 110 percent surge, the bureau reported.
National Bureau of Statistics figures indicated non-ferrous metal smelting and rolling processing rose 91.8 percent while chemical raw materials and chemical products manufacturing gained 56.6 percent. High-tech manufacturing profits jumped 50.1 percent, contributing 9.6 percentage points to the overall industrial profit expansion. Raw material manufacturing profits increased 55.2 percent and added 7.1 percentage points to the total growth.
According to the National Bureau of Statistics, overall industrial enterprise revenue grew 6.5 percent in the first seven months, lifting the profit margin on revenue to 5.66 percent, the highest level for the period since 2023. The bureau also reported that industrial production expanded 5.3 percent year on year in the same timeframe, with equipment manufacturing output up 9.7 percent and high-tech manufacturing output rising 13.8 percent. These results reflect a continuation of the sector’s recovery that has produced double-digit profit growth this year after earlier periods of weaker performance.
The National Bureau of Statistics data further highlighted that optical fiber manufacturing profits soared 468.4 percent within the electronics sector while communication system equipment manufacturing gained 55 percent. Certain consumer-facing industries registered declines, including a steepening drop in furniture manufacturing profits. Producer prices have risen in recent months, supporting profitability in upstream segments, the bureau’s release showed.
