Profits of China’s large industrial firms rose 3.2% in the first nine months of 2025, with September showing a 21.6% year-on-year jump.
BEIJING: China’s major industrial enterprises recorded a 3.2% year-on-year increase in profits during the first nine months of 2025, signalling a modest but steady recovery in the country’s manufacturing and industrial sectors. The data, released by the National Bureau of Statistics (NBS), reflects continued resilience in the face of global economic headwinds.
The report stated that industrial firms with annual main business revenues of at least 20 million yuan (approximately US$2.8 million) amassed 5.37 trillion yuan in combined profits during the January–September period.
The latest monthly figures showed a stronger rebound, with September profits rising by 21.6% compared to the same month in 2024. This sharp increase is seen as a positive indicator for year-end industrial output and financial health, particularly in energy, equipment manufacturing, and high-tech sectors.
Analysts suggest that the improved performance is likely supported by ongoing government policies aimed at boosting domestic demand, technological upgrades, and stabilising supply chains. Targeted fiscal measures, alongside monetary easing, may have also played a role in stimulating industrial activity.
While the overall growth rate remains moderate, the September surge hints at a possible broader economic upturn in the final quarter of 2025. The data reflects the importance of industrial output as a core engine of China’s economic landscape, particularly as the country balances its dual goals of economic stability and green transformation.
