<div id="readability-page-1"><div><p>BEIJING - Chinaâs industrial enterprises saw their earnings rise for the first time in three months after producer deflation showed signs of easing.</p><p>Industrial profits climbed 5.3 per cent in December from a year earlier, compared with a plunge of more than 13 per cent in November, according to data released on Jan 27 by the National Bureau of Statistics. Bloomberg Economics had expected a drop of about 11 per cent in December.Â </p><p>Industrial earnings provide a key measure of the financial health of factories, mines and utilities that can affect their investment decisions in the months to come. For the full year, profits rose for the first time since 2021 with a gain of 0.6 per cent.Â </p><p>Profit margins have been under pressure as domestic demand sagged despite government efforts to curb excess competition and cut capacity. The worldâs second-largest economy lost more momentum last quarter, even as industrial production held up well thanks to booming exports.Â </p><p>Chinaâs industry, which is dominated by manufacturing, has suffered from domestic deflation thatâs eating away at income and profits. Producer prices have declined every month for more than three years but had their smallest decrease in over a year in December. Â </p><p>Deflationary pressures have been present since the end of the Covid-19  pandemic as a consequence of a prolonged slump in housing and weak consumer demand. A glut of production capacity in some industries has also led to oversupply, pushing firms to cut prices to survive.Â BLOOMBERG</p></div></div>

长盛沪深300指数(LOF)A

建信沪深300指数增强A

国泰中证机床ETF

美的集团

嘉实上证科创板工业机械ETF

汇添富沪深300指数(LOF)C

国泰中证细分机械设备产业主题ETF

<p>中国的工业利润在 12 月份增长了 5.3%，这是三个月以来的首次增长，因为生产者通缩有所缓解。这一增长是在 11 月份超过 13% 的显著下降之后出现的。全年利润增长了 0.6%，是自 2021 年以来的首次增长。尽管政府努力减少竞争和产能，但由于国内需求疲软，利润率仍然受到压力。自新冠疫情结束以来持续存在的通缩压力的缓解，归因于生产者价格的下降，12 月份的降幅是超过一年以来的最小值</p>

Chinaâs industrial profits reverse slump after deflation eases

- 中国工业企业利润在经历三个月下降后，12 月份同比上涨 5.3%。  
- 数据显示，受生产者价格持续下跌和国内需求疲软影响，整体利润年增 0.6%。  
- 进口和生产能力过剩加大了企业生存的压力，导致行业盈利能力下降。

中国的工业利润在通货紧缩缓解后扭转了下滑趋势