<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>

長盛滬深300指數(LOF)A

建信滬深300指數增強A

國泰中證機牀ETF

美的集團

嘉實上證科創板工業機械ETF

匯添富滬深300指數(LOF)C

國泰中證細分機械設備產業主題ETF

<p>中國的工業利潤在 12 月份增長了 5.3%，這是三個月以來的首次增長，因為生產者通縮有所緩解。這一增長是在 11 月份超過 13% 的顯著下降之後出現的。全年利潤增長了 0.6%，是自 2021 年以來的首次增長。儘管政府努力減少競爭和產能，但由於國內需求疲軟，利潤率仍然受到壓力。自新冠疫情結束以來持續存在的通縮壓力的緩解，歸因於生產者價格的下降，12 月份的降幅是超過一年以來的最小值</p>

Chinaâs industrial profits reverse slump after deflation eases

- 中國工業企業利潤在經歷三個月下降後，12 月份同比上漲 5.3%。  
- 數據顯示，受生產者價格持續下跌和國內需求疲軟影響，整體利潤年增 0.6%。  
- 進口和生產能力過剩加大了企業生存的壓力，導致行業盈利能力下降。

中國的工業利潤在通貨緊縮緩解後扭轉了下滑趨勢