Chinese manufacturing profits driven by electronics and new energy
Major Chinese industrial companies with annual revenues of over 20 million yuan experienced an 18.8% growth in profits during the first five months of 2026, achieving a total profit of 3.14 trillion yuan. The electronics sector saw a significant surge in profits of 103.9%, driven by increasing demand for AI products. The raw materials industry also grew by 83.1%. The sustained demand for new energy materials, copper, and aluminum contributed to a 117.1% increase in profits within the non-ferrous metals sector.
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