China’s industrial profits rise, with gains concentrated in some sectors

Economy · First reported 27 Oct, 05:07 · Updated 08:00

Industrial profits rose 14.4% year on year in September, faster than in August, while January–September growth held at 15.5%. The evidence also points to uneven performance across industries and uncertainty about how broadly growth will spread.

Profits at industrial firms rose 14.4% year on year in September, compared with 4.2% growth in August.
For January through September, industrial profits increased 15.5%, close to the 15.7% rise recorded for January through August.
Performance varied widely: computer, communication and other electronic equipment manufacturing profits more than doubled over the first nine months, while furniture manufacturing profits fell by more than half.
The article links support for profits to AI-related industries, while noting that export-oriented firms face uncertainty amid trade tensions and that competition pressured CATL’s recent profit growth.

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Key facts

September profit growth: 14.4% year on year, up from 4.2% in August.
January–September profit growth: 15.5% year on year.
Electronic equipment manufacturing: Profits more than doubled over the first nine months.
Furniture manufacturing: Profits fell by more than half over the first nine months.