China’s industrial profits rise 15.5% in Q1 2026

China’s industrial profits rose 15.5 per cent YoY to 1.696 trillion yuan (~$234 billion) in Q1 2026, supported by manufacturing growth and cost control.
Revenues grew 5 per cent, with margins improving.
Private firms led gains, while utilities declined.
Textile and apparel segments saw profit contraction. Rising receivables and inventory levels signalled some pressure on cash cycles.