China industrial profits hit 6-month high amid Iran war as factory-gate prices rebound

China industrial profits hit 6-month high amid Iran war as factory-gate prices reboundFuel-processing sector pivots to profit while tech gains shield margins from modest revenue growth, highlighting an efficiency-led rally over a demand recovery2-MIN READ2-MIN4ListenPublished: 6:00pm, 27 Apr 2026Profit growth at China’s industrial firms accelerated to a six-month high in March, as long-suppressed factory-gate prices turned positive amid disruptions from the Iran war.Total profits for China’s major industrial enterprises – those with annual revenues greater than 20 million yuan (US$2.93 million) – grew by 15.8 per cent last month, the fastest rate since September, according to data released by the National Bureau of Statistics (NBS) on Monday.Profits in the first quarter reached 1.696 trillion yuan (US$248 billion), a year-on-year rise of 15.5 per cent – far above the marginal 0.8 per cent increase recorded in the same period last year, the NBS said.Select VoiceSelect Speed0.8x0.9x1.0x1.1x1.2x1.5x1.75x00:0000:001.00x