The combined profits of China’s large industrial enterprises in January–August 2026 increased by 15.7% compared to the same period last year, reaching 5.27 trillion yuan ($785 billion), according to the National Bureau of Statistics (NBS).
Industrial enterprises with annual revenue exceeding 20 million yuan are considered large.
Profits at state-owned companies rose by 10.3%, at joint-stock companies by 20.4%, and at private enterprises by 10.4%.
In the manufacturing sector, profits rose by 17.4%, and in the mining sector, by 35.1%. Meanwhile, profits in the electricity, water, and heat supply sector fell by 12%.
Profits for manufacturers of computers, communications equipment, and other electronic devices more than doubled (by 110%), while profits in the coal industry rose by 51.6% and in the chemical industry by 51%.
In August, profits at major industrial enterprises in China increased by 4.2% year-over-year. This is the smallest increase since November 2025.
