Beijing: Profits of major industrial firms in China fell by 1.1 percent year-on-year during the first five months of 2025, according to official data released on Friday.

According to Qatar News Agency, figures from the National Bureau of Statistics (NBS) showed that industrial enterprises with annual main business revenue of at least CNY 20 million (approximately USD 2.79 million) recorded combined profits of CNY 2.72 trillion from January to May.

The NBS noted that this figure marks an increase of CNY 603.41 billion compared to total profits reported between January and April.

The bureau also reported a 2.7 percent year-on-year increase in operating revenue for these companies, with steady revenue growth expected to support a continued recovery in profits in the coming months.