- 17 of 41 industrial sectors book profits in H1CY’25
- Steel sees highest y-o-y rise in profits among sectors
Mysteel Global: Sizeable Chinese industrial enterprises posted a total gross profit of RMB 3.44 trillion ($479.4 billion) for the first half (H1) of calendar year (CY) 2025, slipping by 1.8% y-o-y, according to the latest data released by China’s National Bureau of Statistics (NBS) on 27 July.
During June alone, these industrial firms’ gross profits fell by 4.3% y-o-y to RMB 715.6 billion, a slower rate of decline compared with the 9.1% y-o-y drop recorded during May.
However, the sizeable industrial firms saw their business revenue grow by 2.5% y-o-y to RMB 66.78 trillion in H1.
During H1CY’25, 17 of the 41 industrial sectors NBS tracks saw their profits gain y-o-y, Mysteel Global learnt from the release. Among all China’s profit-making industrial sectors, the country’s steelmakers witnessed the highest y-o-y rise in their H1 profits, with the value skyrocketing by 1,369.2% y-o-y to RMB 46.3 billion.
The hefty rise in the steel industry’s profitability during H1 was largely attributed to the low basis of comparison in the same period last year, when sizeable enterprises in this segment collectively suffered an RMB 310 million loss.
Meanwhile, during January-June this year, the electric power and heat production and supply sector ranked top in terms of gross profits at RMB 353.4 billion, higher by 5.6% from the first six months of last year.
In contrast with the surge in steel mills’ profitability during H1, China’s ferrous mining and processing sector recorded a 36.2% y-o-y drop in profits during the same period to RMB 21.9 billion.
For the country’s non-ferrous sector, smelters and fabricators registered a 7.8% y-o-y rise in profits to RMB 158.3 billion. The upstream non-ferrous mining and processing sector saw its profits jump by 40.2% y-o-y to RMB 59.6 billion.
Note: This article has been written in accordance with a content exchange agreement between Mysteel Global and BigMint.
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