Industrial enterprise profits increased by 15.2% year-on-year in the first two months, with cumulative costs declining for the first time since 2022.

WealthCoffee · 2026-03-28T05:33:39+00:00

In the first two months of 2026, profits of industrial enterprises above designated size increased by 15.2% year-on-year, significantly higher than the full-year growth rate of 2025. This was mainly driven by accelerated industrial production and a rebound in product prices, with operating revenue up by 5.2% year-on-year.

WealthCoffee

2026-03-28 05:33:39

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[Caixin] Due to the acceleration of industrial production and improvements in the PPI (Producer Price Index), profits of large industrial enterprises increased by 15.2% year-on-year in the first two months of 2026, with a significant acceleration compared to the previous year.

The data released by the National Bureau of Statistics on March 27, 2026, shows that from January to February, the total profits of large industrial enterprises nationwide reached 1,024.56 billion yuan, a year-on-year increase of 15.2% when calculated on a comparable basis, which is 14.6 percentage points higher than the entire year of 2025.

Yu Weining, chief statistician of the Industrial Statistics Department of the National Bureau of Statistics, stated that the combined effects of accelerated production and the rebound in product prices have significantly driven revenue growth in the first two months, creating favorable conditions for the recovery of corporate profits. In the first two months of 2026, large industrial enterprises’ operating income increased by 5.2% year-on-year, accelerating by 4.2 percentage points compared to the entire year of the previous year.

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