Beijing: Profits of China's major industrial firms dropped by 1.8% year-on-year in the first half of 2025, official data showed Sunday. Industrial firms with an annual main business revenue of at least 20 million yuan ($2.8 million) saw their combined profits reach 3.44 trillion yuan during the January-June period.

According to Qatar News Agency, operating revenue of these firms rose 2.5% year-on-year during this period, as reported by the National Bureau of Statistics (NBS). The data reflects the challenges faced by the industrial sector amid fluctuating economic conditions.

In June, profits of China's major industrial firms slipped 4.3% year-on-year, which was a narrower decline compared to May. This suggests a potential stabilization, although the overall downward trend in profits continues to pose concerns for the sector.