China's September Industrial Plant Profits: Intermittent Growth AGAINST SIGN For 9M26, China's industrial plant profits rose 15.5%, reaching 6.03 trillion yuan compared to 15.7% recorded between January and August. High-tech manufacturing, artificial intelligence-related industries and electronic equipment continued to support growth, although weak domestic demand continued to weigh on a number of industries. The profits of SOEs rose 13.1% to 1.94 trillion yuan, while the profits of joint ventures rose 20.8% to 4.67 trillion yuan. Private company profits rose 8.7% to 1.51 trillion yuan. In terms of sectors, the main driver was the extractive industry, where profits jumped 38.2%; It was followed by processing (17.0%), while the services sector recorded a decrease of -14.3%. Among individual industries, the most significant increase was observed in computer and communication manufacturing (103.8%), paint (79.7%), coal mining (57.0%) and chemical industry (49.2%).

China's September Industrial Plant Profits: Intermittent Growth AGAINST SIGN For 9M26, China's industrial plant profits rose 15.5%, reaching 6.03 trillion yuan compared to 15.7% recorded between January and August. High-tech manufacturing, artificial intelligence-related industries and electronic equipment continued to support growth, although weak domestic demand continued to weigh on a number of industries. The profits of SOEs rose 13.1% to 1.94 trillion yuan, while the profits of joint ventures rose 20.8% to 4.67 trillion yuan. Private company profits rose 8.7% to 1.51 trillion yuan. In terms of sectors, the main driver was the extractive industry, where profits jumped 38.2%; It was followed by processing (17.0%), while the services sector recorded a decrease of -14.3%. Among individual industries, the most significant increase was observed in computer and communication manufacturing (103.8%), paint (79.7%), coal mining (57.0%) and chemical industry (49.2%).