In 2025, The Total Profit Of The Paper And Paper Products Industry Reached 44.30 Billion Yuan, A Decrease Of 13.6% Compared To The Previous Year.

On January 27th, the National Bureau of Statistics released the profit situation of all industrial enterprises above designated size across the country in 2025. In 2025, all industrial enterprises above designated size across the country achieved a total profit of 7,398.20 billion yuan, an increase of 0.6% compared with the previous year (calculated based on comparable figures).
In 2025, among the规模以上 industrial enterprises, the total profit of state-owned holding enterprises was 2,056.1 billion yuan, a decrease of 3.9% compared to the previous year; the total profit of joint-stock enterprises was 5,540.83 billion yuan, a decrease of 0.1%; the total profit of foreign-funded and Hong Kong, Macao and Taiwan-invested enterprises was 1,744.74 billion yuan, an increase of 4.2%; the total profit of private enterprises was 2,281.06 billion yuan, remaining the same as the previous year.
In 2025, the total profit of the mining industry reached 834.51 billion yuan, a decrease of 26.2% compared to the previous year; the total profit of the manufacturing industry was 5691.57 billion yuan, an increase of 5.0%; the total profit of the power, heat, gas and water production and supply industry was 872.12 billion yuan, an increase of 9.4%.
In 2025, the profit situation of major industries is as follows: The profit of the black metal smelting and rolling processing industry increased by 3.0 times compared to the previous year, that of the non-ferrous metal smelting and rolling processing industry increased by 22.6%, the computer, communication and other electronic equipment manufacturing industry increased by 19.5%, the power, heat production and supply industry increased by 13.9%, the special equipment manufacturing industry increased by 5.7%, the electrical machinery and equipment manufacturing industry increased by 4.9%, the general equipment manufacturing industry increased by 4.2%, the agricultural and food processing industry increased by 3.2%, the automobile manufacturing industry increased by 0.6%, the petroleum, coal and other fuel processing industry turned losses into profits compared to the previous year, the non-metallic mineral products industry decreased by 1.7%, the chemical raw materials and chemical products manufacturing industry decreased by 7.3%, the textile industry decreased by 12.0%, the petroleum and natural gas extraction industry decreased by 18.7%, and the coal mining and washing industry decreased by 41.8%.
It is worth noting that the total profit of the paper and paper products industry reached 44.30 billion yuan, a decrease of 13.6% year-on-year; the profit of the printing and record medium reproduction industry was 31.24 billion yuan, a decrease of 6.6% year-on-year.
In 2025, the total operating revenue of industrial enterprises above designated size reached 139.20 trillion yuan, an increase of 1.1% compared to the previous year; the operating costs amounted to 118.75 trillion yuan, an increase of 1.3%; the operating profit margin was 5.31%, down by 0.03 percentage points compared to the previous year. Among them, the paper and paper products industry achieved an operating revenue of 141.867 billion yuan, a decrease of 2.6% year-on-year; the printing and record medium reproduction industry achieved an operating revenue of 63.764 billion yuan, a decrease of 4.8% year-on-year.
By the end of 2025, the total assets of industrial enterprises above designated size reached 188.41 trillion yuan, an increase of 4.3% compared to the end of the previous year; the total liabilities amounted to 108.58 trillion yuan, an increase of 4.2%; the total owner's equity was 79.82 trillion yuan, an increase of 4.5%; the debt-to-asset ratio was 57.6%, down by 0.1 percentage points compared to the end of the previous year.
By the end of 2025, the accounts receivable of large-scale industrial enterprises reached 27.43 trillion yuan, an increase of 4.7% compared to the previous year; the inventory of finished products was 6.73 trillion yuan, an increase of 3.9%.
In 2025, the cost per 100 yuan of operating income for large-scale industrial enterprises was 85.31 yuan, an increase of 0.16 yuan compared with the previous year; the expense per 100 yuan of operating income was 8.62 yuan, a decrease of 0.02 yuan compared with the previous year.
By the end of 2025, the operating income per 100 yuan of assets realized by large-scale industrial enterprises was 75.9 yuan, a decrease of 2.7 yuan compared with the end of the previous year; the average per capita operating income was 188.9 ten thousand yuan, an increase of 5.5 ten thousand yuan compared with the end of the previous year; the inventory turnover days of finished products were 19.9 days, an increase of 0.6 days compared with the end of the previous year; the average recovery period of accounts receivable was 67.9 days, an increase of 3.6 days compared with the end of the previous year.
In December, the profits of industrial enterprises above designated size increased by 5.3% year-on-year.
Yu Weining, the chief statistician of the Industrial Department of the National Bureau of Statistics, interpreted the 2025 data on industrial enterprise profits, stating that in 2025, all regions and departments intensified the implementation of more proactive and effective macro policies, accelerated the advancement of new industrialization, and promoted the stable and positive operation of the industrial economy. The profits of industrial enterprises achieved growth throughout the year, reversing the consecutive three-year decline trend. Among them, new driving forces such as the equipment manufacturing industry and the high-tech manufacturing industry played a significant role, the profit structure of traditional industries continued to improve, and the quality and efficiency of industrial development were continuously enhanced. Overall, the profits of large-scale industrial enterprises increased, the supporting role of industrial new forces was obvious, and the industrial economy was moving towards new directions and higher standards. However, it should also be noted that changes in the external environment have gradually intensified, industrial transformation and upgrading have experienced pains, and some enterprises still faced certain difficulties in their production and operation.