According to the National Bureau of Statistics of China, industrial enterprise profits rose 15.5% year on year in January–September 2026 to 6.03374 trillion yuan. Trends by major industry and profits by type of enterprise were also released.
Industrial enterprise profits for January–September 2026, as announced by China’s National Bureau of Statistics on the 27th and covering enterprises above a designated size, rose 15.5% year on year to 6.03374 trillion yuan. Profits in September alone rose 14.4% from a year earlier, exceeding the growth rate in August.
By the 3 major industry categories, manufacturing profits rose 17.0% year on year and mining profits rose 38.2%, maintaining double-digit growth, while profits in electricity, heat, gas and water production and supply fell 14.3%. Against a backdrop of rising AI-related demand, profits were boosted by a 3.2-fold increase in electronic materials manufacturing, a 69.8% increase in optoelectronic device manufacturing and a 62.5% increase in electronic circuit manufacturing, among others.
By type of enterprise, profits at state-owned enterprises rose 13.1% to 1.93955 trillion yuan, those at shareholding enterprises rose 20.8% to 4.67276 trillion yuan, and those at foreign-funded enterprises rose 0.5% to 1.33714 trillion yuan. Revenue totaled 106.2066 trillion yuan, operating costs totaled 90.29655 trillion yuan, and the profit margin on revenue was 5.68%, up 0.44 percentage points from the same period a year earlier.