Chinese industrial profit growth picks up in September
By Benjamin Chiou
Date: Monday 27 Oct 2025
(Sharecast News) - Industrial profit growth across China accelerated in September, according to official data out on Monday, increasing by their most in nearly two years.
Profits at industrial companies with revenues of at least CNY20m ($2.8m) were up 21.6% over last September, the National Bureau of Statistics, following a 20.4% year-on-year increase in August. High-tech manufacturers specifically reported a 26.8% surge in profits.
This was the strongest annual profit growth rate seen since November 2023. That came as revenues from those same industrial enterprises rose by 2.7% on last year, up from 1.9% the previous month.
The strong showing pushed year-to-date profits up 3.2% on last year, following a 2.3% increase over the first eight months of the year, with profits in the high-tech manufacturing sector up 8.7%.
"From January to September, the profit growth rate of China's major industrial firms continued to rise, thanks to rapid growth in new quality productive forces, such as high-tech manufacturing and equipment manufacturing, driven by more proactive and effective macro policies and new growth drivers, and coupled with a lower comparison base from a year ago," said NBS analyst Yu Weining.
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