Profits of above-scale industrial enterprises nationwide increased by 15.2% in January-February 2026.

In January-February 2026, profits of large-scale industrial enterprises nationwide grew by 15.2%.

In January-February, large-scale industrial enterprises achieved a total profit of 10,245.6 billion yuan, an increase of 15.2% year-on-year (calculated on a comparable basis, see Note 2 for details).

In January-February, among large-scale industrial enterprises, state-controlled enterprises achieved a total profit of 3,665.6 billion yuan, an increase of 5.3%; joint-stock enterprises achieved a total profit of 8,032.9 billion yuan, an increase of 22.1%; foreign-invested enterprises and those from Hong Kong, Macao, and Taiwan achieved a total profit of 2,167.5 billion yuan, a decrease of 3.8%; private enterprises achieved a total profit of 2,844.5 billion yuan, an increase of 37.2%.

In January-February, the mining industry achieved a total profit of 1,556.1 billion yuan, an increase of 9.9%; the manufacturing industry achieved a total profit of 7,321.5 billion yuan, an increase of 18.9%; the electricity, heat, gas, and water production and supply industries achieved a total profit of 1,368.0 billion yuan, an increase of 3.7%.

In January-February, the profit situation in key industries was as follows: the computer, communication, and other electronic equipment manufacturing industry saw profits increase by 2.0 times year-on-year, the non-ferrous metal smelting and rolling processing industry increased by 1.5 times, the chemical raw materials and chemical products manufacturing industry grew by 35.9%, the non-metallic mineral products industry grew by 16.2%, the textile industry grew by 12.6%, the agricultural and sideline food processing industry grew by 8.0%, the electrical machinery and equipment manufacturing industry grew by 6.2%, the coal mining and washing industry grew by 4.5%, the special equipment manufacturing industry grew by 4.3%, the general equipment manufacturing industry grew by 3.6%, the electricity and heat production and supply industry grew by 3.4%, the petroleum, coal, and other fuel processing industries turned from loss to profit, the oil and gas extraction industry declined by 16.8%, the automobile manufacturing industry declined by 30.2%, and the ferrous metal smelting and rolling processing industry increased its losses.

In January-February, large-scale industrial enterprises achieved operating revenues of 20.84 trillion yuan, an increase of 5.3% year-on-year; operating costs totaled 17.68 trillion yuan, an increase of 5.0%; the operating profit margin was 4.92%, an increase of 0.43 percentage points year-on-year.

By the end of February, large-scale industrial enterprises had total assets of 188.40 trillion yuan, an increase of 5.5%; total liabilities of 108.59 trillion yuan, an increase of 5.8%; total owners’ equity of 79.82 trillion yuan, an increase of 5.1%; and a debt-to-asset ratio of 57.6%, an increase of 0.1 percentage points year-on-year.

By the end of February, large-scale industrial enterprises had accounts receivable of 26.55 trillion yuan, an increase of 7.1%; finished goods inventory of 6.68 trillion yuan, an increase of 6.6%.

In January-February, the cost per 100 yuan of operating income for large-scale industrial enterprises was 84.83 yuan, a decrease of 0.24 yuan year-on-year; expenses per 100 yuan of operating income were 8.66 yuan, an increase of 0.02 yuan year-on-year.

By the end of February, large-scale industrial enterprises achieved operating income of 66.4 yuan per 100 yuan of assets, a decrease of 0.1 yuan year-on-year; per capita operating income was 1.749 million yuan, an increase of 95,000 yuan year-on-year; finished goods inventory turnover days were 22.7 days, an increase of 0.4 days year-on-year; and the average collection period for accounts receivable was 76.4 days, an increase of 1.3 days year-on-year.

(Editor: Wenjing)

Keywords:

                                                            Industrial enterprises