Profits at China's major industrial firms posted solid growth in the first half of 2026, buoyed by surging earnings in electronics-related industries and the rapid expansion of new growth drivers, official data showed on Monday.
Industrial enterprises with an annual main business revenue of at least 20 million yuan ($2.95 million) reported combined profits of 3.95 trillion yuan in the January-June period, up 18.7 percent year-on-year, according to the National Bureau of Statistics.
The growth rate was 3.2 percentage points higher than in the first quarter. In June alone, industrial profits rose 15.1 percent from a year earlier, the bureau said.
The robust performance, according to Yu Weining, a statistician with the bureau, was largely driven by strong gains in electronics-related industries and sectors linked to new growth drivers.
In the first half, profits in the electronics sector surged 96.9 percent year-on-year, contributing 8.5 percentage points to overall profit growth among major industrial firms, NBS data showed.
