Beijing: The combined profits of China's major industrial firms experienced a slight decline of 0.3 percent year-on-year in the first two months of 2025.

According to Qatar News Agency, data from the National Bureau of Statistics (NBS) revealed that major industrial firms, with annual business revenues exceeding 20 million yuan (approximately USD 2.79 million), reported combined profits of 910.99 billion yuan during this period. Despite the overall decrease, certain sectors demonstrated growth. The manufacturing sector, for instance, recorded combined profits of 639.51 billion yuan, marking a 4.8 percent increase year-on-year. Companies involved in electricity, heat, gas, and water production and supply also saw positive results, achieving a total profit of 130.45 billion yuan, representing a 13.5 percent increase year-on-year.

However, the mining industry faced challenges, posting combined profits of 141.03 billion yuan in January and February, reflecting a significant 25.2 percent decrease year-on-year. On a more positive note, the combined business revenues of China's major industrial companies rose by 2.8 percent year-on-year during the same period, outpacing the 2024 whole-year growth rate by 0.7 percentage points.