Beijing: China’s latest corporate earnings reports indicate strengthening economic momentum, with technology-driven sectors emerging as a key growth engine across listed companies.
Data from financial information provider Wind shows that nearly 90 percent of more than 1,200 companies reporting their 2025 annual results recorded profits, with strong performance concentrated in high-tech industries such as artificial intelligence, semiconductors and telecommunications.
The trend reflects a broader shift in China’s economic structure, where innovation-led industries are increasingly contributing to growth and resilience amid global economic uncertainty.
Tech sector drives earnings growth
Several leading technology firms reported notable gains. Semiconductor manufacturer SMIC posted record revenue of 67.32 billion yuan in 2025, marking a year-on-year increase of over 16 percent, with net profit reaching a three-year high.
AI chipmaker Cambricon Technologies reported its first annual profit since listing, with revenue rising more than fourfold. Battery producer CATL also recorded growth, with revenue increasing by 17 percent and net profit by 42 percent.
Meanwhile, Foxconn Industrial Internet reported approximately 50 percent growth in both revenue and profits, attributing its performance to expanding applications of artificial intelligence.
Shift toward innovation-led economy
Analysts said the strong results reflect the integration of technological innovation with industrial development, supporting a transition away from traditional growth models.
They noted that high-tech industries are benefiting from increased investment, policy support and expanding global demand for advanced manufacturing and digital technologies.
This shift is also visible in capital markets, where technology and emerging sectors are delivering stronger returns compared to traditional industries such as real estate.
Policy support and future outlook
China’s investment in research and development reached 3.93 trillion yuan in 2025, with consistent growth over recent years. Government measures, including tax incentives and financial support, have also encouraged innovation and manufacturing expansion.
Authorities have identified sectors such as integrated circuits, aerospace, biomedicine and advanced communication technologies as future growth pillars, alongside emerging fields like quantum technology and artificial intelligence.
Analysts said the continued expansion of AI applications across industries is expected to further shape economic activity and create new growth opportunities in the coming years.
: China’s latest corporate earnings reports indicate strengthening economic momentum, with technology-driven sectors emerging as a key growth engine across listed companies.
Data from financial information provider Wind shows that nearly 90 percent of more than 1,200 companies reporting their 2025 annual results recorded profits, with strong performance concentrated in high-tech industries such as artificial intelligence, semiconductors and telecommunications.
The trend reflects a broader shift in China’s economic structure, where innovation-led industries are increasingly contributing to growth and resilience amid global economic uncertainty.
Tech sector drives earnings growth
Several leading technology firms reported notable gains. Semiconductor manufacturer SMIC posted record revenue of 67.32 billion yuan in 2025, marking a year-on-year increase of over 16 percent, with net profit reaching a three-year high.
AI chipmaker Cambricon Technologies reported its first annual profit since listing, with revenue rising more than fourfold. Battery producer CATL also recorded growth, with revenue increasing by 17 percent and net profit by 42 percent.
Meanwhile, Foxconn Industrial Internet reported approximately 50 percent growth in both revenue and profits, attributing its performance to expanding applications of artificial intelligence.
Shift toward innovation-led economy
Analysts said the strong results reflect the integration of technological innovation with industrial development, supporting a transition away from traditional growth models.
They noted that high-tech industries are benefiting from increased investment, policy support and expanding global demand for advanced manufacturing and digital technologies.
This shift is also visible in capital markets, where technology and emerging sectors are delivering stronger returns compared to traditional industries such as real estate.
Policy support and future outlook
China’s investment in research and development reached 3.93 trillion yuan in 2025, with consistent growth over recent years. Government measures, including tax incentives and financial support, have also encouraged innovation and manufacturing expansion.
Authorities have identified sectors such as integrated circuits, aerospace, biomedicine and advanced communication technologies as future growth pillars, alongside emerging fields like quantum technology and artificial intelligence.
Analysts said the continued expansion of AI applications across industries is expected to further shape economic activity and create new growth opportunities in the coming years.
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