Major industrial firms’ profits edge up in April: NBS

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By Qi Xijia (Global Times) 13:36, May 28, 2025

The semiconductor special equipment manufacturing sector saw a remarkable 105.1 percent surge, while electronic circuit production and integrated circuit manufacturing registered notable increases of 43.1 percent and 42.2 percent.

Meanwhile, smart automotive equipment manufacturing witnessed an astonishing 177.4 percent profit spike. The drone manufacturing sector achieved a significant 167.9-percent profit leap, and the wearables manufacturing industry posted an impressive 80.9-percent profit increase.

The equipment manufacturing sector also performed strongly, with profits up 11.2 percent in the first four months, contributing significantly to overall industrial growth, the NBS said.

Government policies, including a large-scale equipment renewal program and a consumer trade-in program, further backed economic growth. Specialized and general equipment manufacturing profits rose 13.2 percent and 11.7 percent, while the home appliance sector's profits expanded more than 15 percent due to policy stimulus.

"In general, the steady recovery of industrial profits of major enterprises from January to April demonstrates strong resilience and shock-absorbing capacity," said Yu Weining, an NBS statistician, in a press release.

"Given the uncertainties in the external environment and domestic constraints like insufficient demand, in the coming months, we need to promote the integrated development of scientific and industrial innovation, optimize and adjust the industrial structure, and accelerate the transformation and upgrading of traditional industries, while cultivating and strengthening emerging industries," Yu said.

China's industrial sector has shown remarkable resilience with 3.0-percent profit growth in April and a broadening recovery across nearly 60 percent of industrial categories, Wang Peng, an associate research fellow at the Beijing Academy of Social Sciences, told the Global Times on Tuesday.

"The standout performance of the high-tech and equipment manufacturing sectors, growing at 9.0 percent and 11.2 percent, underscores China's successful industrial upgrading path," Wang said.

The expert emphasized multiple sustaining factors for industrial growth. "Continued policy support provides crucial buffers against global headwinds. Simultaneously, equipment renewal and consumer upgrade policies are generating sustained demand across industrial chains. Most significantly, the ongoing AI-powered manufacturing transformation is creating new growth frontiers, with particularly strong momentum in semiconductors and smart device production," Wang added.

This year, China's industrial growth has remained robust, serving as a key pillar for stable economic expansion. In April, the value-added output of industrial enterprises above the designated size grew by 6.1 percent year-on-year, with more than 80 percent of the 41 major industrial sectors reporting growth.

Fu Linghui, a spokesperson for the NBS, attributed the steady industrial growth to sustained macroeconomic policy support, domestic demand stimulation from large-scale equipment renewals and consumer goods trade-in projects, and enhanced innovation-driven industrial upgrades. Moving forward, the industrial sector is expected to advance toward high-end, intelligent, and green development, fostering new quality productive forces, Fu said.