2025年前八个月，中国工业企业的利润同比增长0.9%，达到4.69万亿元人民币，从今年前七个月1.7%的下降中反弹。最新数据发布之际，北京方面采取了进一步的刺激措施，缓解了与美国的贸易紧张局势。这一增长得益于私营部门的快速增长（1月至7月为3.8%对1.8%），而国有企业的降幅要小得多（-1.7%对-7.5%）。按行业划分，一般制造业（5.8%）、有色金属（12.7%）、热能生产（13.0%）、电机和设备（11.5%）、计算机和通信（7.2%）、农业（11.8%）和特种设备（6.9%）的利润均有所增长。相比之下，汽车（-0.3%）、非金属矿物（-2.2%）、化学品（-5.5%）、纺织品（-7.0%）、石油和天然气（-12.4%）以及煤炭开采（-53.6%）的产量均有所下降。仅在8月份，利润同比飙升20.4%，从7月份1.5%的跌幅大幅回升，标志着四个月来的首次月度增长。
Profits at China’s industrial firms grew 0.9% yoy to CNY 4.69 trillion in the 1st eight months of 2025, rebounding from a 1.7% decline in the 1st seven months of the year. The latest figures come amid further stimulus measures from Beijing and easing trade tensions with the US. The increase was supported by faster growth in the private sector (3.8% vs 1.8% in Jan–July), while state-owned enterprises recorded a much smaller decline (-1.7% vs -7.5%). By sector, profits rose in general manufacturing (5.8%), non-ferrous metals (12.7%), heat production (13.0%), electrical machinery and equipment (11.5%), computers and communications (7.2%), agriculture (11.8%), and special equipment (6.9%). In contrast, declines were seen in autos (-0.3%), non-metallic minerals (-2.2%), chemicals (-5.5%), textiles (-7.0%), oil and gas (-12.4%), and coal mining (-53.6%). In August alone, profits surged 20.4% yoy, recovering sharply from a 1.5% drop in July, and marking the 1st monthly growth in four months.
