【Steel Industry】Annual Profits Up Threefold Year-on-Year

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【Steel Industry】Annual Profits Up Threefold Year-on-Year

According to the latest data released by the National Bureau of Statistics, in 2025, China's industrial enterprises above designated size achieved total profits of RMB 7,398.20 billion, up 0.6% year-on-year; profits of the ferrous metal smelting and rolling processing industry reached RMB 109.83 billion, increasing by threefold year-on-year.

In 2025, among industrial enterprises above designated size, state-holding enterprises realized total profits of RMB 2,056.10 billion, down 3.9% year-on-year; shareholding enterprises realized RMB 5,540.83 billion, down 0.1%; foreign-funded enterprises and those with investment from Hong Kong, Macao and Taiwan realized RMB 1,744.74 billion, up 4.2%; private enterprises realized RMB 2,281.06 billion, basically flat year-on-year.

In 2025, the mining industry realized total profits of RMB 834.51 billion, down 26.2% year-on-year; the manufacturing industry realized RMB 5,691.57 billion, up 5.0%; the electricity, heat, gas and water production and supply industry realized RMB 872.12 billion, up 9.4%.

In 2025, profits of major industries were as follows: profits of the ferrous metal smelting and rolling processing industry increased threefold year-on-year; non-ferrous metal smelting and rolling processing industry increased by 22.6%; computer, communication and other electronic equipment manufacturing increased by 19.5%; electricity and heat production and supply industry increased by 13.9%; special equipment manufacturing increased by 5.7%; electrical machinery and equipment manufacturing increased by 4.9%; general equipment manufacturing increased by 4.2%; agro-food processing industry increased by 3.2%; automobile manufacturing increased by 0.6%; petroleum, coal and other fuel processing industries reduced losses year-on-year; non-metallic mineral products industry declined by 1.7%; chemical raw materials and chemical products manufacturing declined by 7.3%; textile industry declined by 12.0%; petroleum and natural gas extraction industry declined by 18.7%; coal mining and washing industry declined by 41.8%.

In 2025, industrial enterprises above designated size achieved operating revenue of RMB 139.20 trillion, up 1.1% year-on-year; operating costs totaled RMB 118.75 trillion, up 1.3%; the operating revenue profit margin was 5.31%, down 0.03 percentage points year-on-year.

In 2025, for industrial enterprises above designated size, operating costs per RMB 100 of operating revenue were RMB 85.31, an increase of RMB 0.16 year-on-year; operating expenses per RMB 100 of operating revenue were RMB 8.62, a decrease of RMB 0.02 year-on-year.

Source | National Bureau of Statistics

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