BEIJING, June 27 (Xinhua) -- Profits of China's major industrial firms increased 18.8 percent year on year during the January-May period, surpassing a rise of 18.2 percent in the first four months, data from the National Bureau of Statistics (NBS) showed Saturday.

A drone photo taken on Jan. 27, 2026 shows workers working at a workshop of an auto company in Gui'an New Area, southwest China's Guizhou Province.  (Photo: Xinhua)

Industrial firms with an annual main business revenue of at least 20 million yuan (about 2.93 million U.S. dollars) saw their combined profits reach 3.14 trillion yuan in the five-month period, according to the NBS.

In May alone, profits of major industrial firms rose 21.1 percent compared to a year earlier, the NBS data showed.