Beijing: Profits of China's major industrial firms increased 0.9 percent year on year in the first eight months of 2025, reversing the 1.7 percent decline in the January-July period, official data showed Saturday.
According to Bahrain News Agency, industrial firms with an annual main business revenue of at least 20 million yuan (about 2.81 million U.S. dollars) saw their combined profits totaling nearly 4.7 trillion yuan during the eight-month period, as reported by the National Bureau of Statistics, Xinhua News Agency.
In August, profits of major industrial firms recovered remarkably, rising 20.4 percent from the same period last year, compared with a 1.5 percent drop in July. Their business revenue expanded 1.9 percent year on year, one percentage point faster than the previous month, the data showed.