China’s industrial firms posted stronger profit growth in the first four months of 2026, supported by government stimulus measures and continued expansion in high-tech and equipment manufacturing sectors.
According to data released by the National Bureau of Statistics of China, profits at major industrial companies rose 18.2% year-on-year between January and April, accelerating from the 15.5% growth recorded in the first quarter.
The data covers industrial firms with annual main business revenue of at least 20 million yuan, equivalent to roughly US$2.93 million.
In April alone, profits at major industrial firms climbed 24.7% compared with the same period last year, according to figures cited by Xinhua News Agency.
The stronger performance comes as Chinese authorities continue implementing macroeconomic support measures aimed at stabilising growth, reviving industrial activity, and strengthening domestic demand amid broader global economic uncertainty.
The NBS said new growth drivers, particularly equipment manufacturing and high-tech manufacturing industries, played a key role in boosting profitability.
Industrial firms also recorded steady revenue growth during the period. Combined operating revenue rose 5.2% year-on-year in the first four months of 2026, slightly faster than the pace seen in the January-March quarter.
Economists say the improving earnings data could help reinforce confidence in China’s industrial recovery, although challenges linked to weak property markets, export uncertainty, and subdued consumer demand continue to weigh on broader economic momentum.
With inputs from WAM
