A drill site of Sinopec’s Shengli Oilfield in Dongying, Shandong province. WANG GUOZHANG/FOR CHINA DAILY
BEIJING — Profits of China’s major industrial firms dropped by 1.8 percent year-on-year in the first half of 2025, official data showed Sunday.
Industrial firms with an annual main business revenue of at least 20 million yuan ($2.8 million) saw their combined profits reach 3.44 trillion yuan during the January-June period, according to the National Bureau of Statistics.
Operating revenue of these firms rose 2.5 percent year-on-year during this period, the NBS said.
In June, profits of China’s major industrial firms slipped 4.3 percent year-on-year — narrower than the decline seen in May.
Tanks to chinadaily.com.cn
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