Guangzhou (JLC), April 27, 2025--Profits of China's major industrial firms increased 0.8% year on year in the first quarter (Q1) of 2025, reversing a 0.3% decrease in the first two months, data from the National Bureau of Statistics (NBS) showed Sunday.
Industrial firms with an annual main business revenue of at least 20 million yuan (about 2.78 million US dollars) saw their combined profits reach 1.51 trillion yuan during the first quarter.
Specifically, China reaped profits of 1.08 trillion yuan from the manufacturing industry and 206.28 billion yuan in the electricity, heat, gas and water production and supply industry in Q1, up 7.6% and 5.4% from a year before, the NBS data indicated. On the contrary, profits from the mining industry fell 25.5% to 220.44 billion yuan.
Meanwhile, the combined business revenue of China’s major industrial firms stood at 32.14 trillion yuan during the period, a rise of 3.4% from a year earlier.
In March alone, the country’s industrial profits gained 2.6% year on year, the NBS data also showed.
