National Bureau of Statistics: Profits of large-scale industrial enterprises grew rapidly in January-February

When Wang Weining, Chief Statistician in the Industrial Statistics Division of the National Bureau of Statistics, interpreted the January–February 2026 data on profits of industrial enterprises, he said that in January–February, regions and departments stepped up the implementation of more proactive and pragmatic macro policies, focusing on giving full play to the integrated effects of existing policies and incremental policies. The profit growth of industrial enterprises above a designated size accelerated, profits in most industries rebounded, and profits in the equipment manufacturing industry and the high-tech manufacturing industry grew rapidly. The overall business performance of industrial enterprises showed a sustained recovery trend. Profits in the high-tech manufacturing industry grew rapidly, strengthening the leading and driving role. In January–February, profits of high-tech manufacturing industries above a designated size increased by 58.7% year over year, which was 45.4 percentage points faster than the whole of the previous year; they contributed 7.9 percentage points to the growth of profits of all industrial enterprises above a designated size, and the contribution was 5.5 percentage points stronger than for the whole of the previous year. By industry, the development of intelligent product manufacturing was on a positive trajectory; profits in intelligent unmanned aircraft manufacturing, intelligent in-vehicle equipment manufacturing, and other intelligent consumer equipment manufacturing industries increased by 59.3%, 50.0%, and 31.3%, respectively. Rapid development in the semiconductor industry drove faster profit growth in related chain industries.