Guangzhou (JLC), April 27, 2026--Profits of China's major industrial firms surged by 15.5% year on year in the first quarter (Q1) of 2026, data from the National Bureau of Statistics (NBS) showed on Monday.
The growth accelerated from the 15.2% increase in the first two months of this year.
Industrial firms with an annual main business revenue of at least 20 million yuan (about 2.92 million US dollars) saw their combined profits reach roughly 1.70 trillion yuan in Q1.
Specifically, China reaped profits of 1.24 trillion yuan in the manufacturing industry and 256.33 billion yuan in the mining industry, soaring by 19.1% and 16.2% year on year, respectively. Conversely, the profits in the electricity, heat, gas, and water production and supply industry fell by 3.2% to 201.28 billion yuan.
Meanwhile, the combined business revenue of China's major industrial firms gained 5.0% year on year to 33.19 trillion yuan in the period, the NBS data indicated.
In March alone, the country's industrial profits jumped by 15.8% year on year, the NBS data also showed.
