China’s industrial profits bounce back after months of decline

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After a months-long drop, industrial profits in China have registered a 20.4% gain for August, reversing a YTD decline, according to data released by the country’s National Bureau of Statistics on Saturday.

For the Jan–Aug period, Chinese industrial [https://www.stats.gov.cn/sj/zxfb/202509/t20250927_1961400.html] profits have increased 0.9% from a year ago, rebounding from a ~1.7% fall for the Jan–Jul period, exceeding the Bloomberg Economics Forecast of a 1.6% decline.

Notable groups to record gains included China’s railway, shipbuilding, and aerospace sectors, where profits rose nearly 37% from January to August compared to the previous year.

The oil and gas extraction industry was among the notable decliners with a ~12% decline in YTD profits, while China’s automotive manufacturing held steady with only a ~0.3% profit drop. The survey includes firms recording a minimum of ¥20M ($2.81M) in annual revenue from their main operations.

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Currency: (CNY:USD [https://seekingalpha.com/symbol/CNY:USD])

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