China-Light Industry/Profit Growth/2024

China's light industry records 1.5 trillion yuan profit in 2024

  • English

Shotlist


FILE: China - Date Unknown (CCTV - No access Chinese mainland)
1. Aerial shot of city view

FILE: Jiangsu Province, east China - 2024 (CCTV - No access Chinese mainland)
2. Various of home appliance for sale, consumer, saleswoman at store
3. Various of electric bicycles for sale, customers

FILE: Yancheng City, Jiangsu Province, east China - Dec 6, 2024 (CCTV - No access Chinese mainland)
4. Various of consumers at in-store mobile phone counters

FILE: China - Date Unknown (CCTV - No access Chinese mainland)
5. Various of factory interior, equipment, workers, production lines

FILE: Jiangxi Province, east China - Date Unknown (CCTV - No access Chinese mainland)
6. Various of production in progress; workers, machines

FILE: China - Date Unknown (CCTV - No access Chinese mainland)
7. Various of refrigerator production line
8. Various of air conditioner production line

FILE: Jiaozhou City, Shandong Province, east China - 2024 (CGTN - No access Chinese mainland)
9. Various of air conditioner production line, packaged products
10. Worker moving packaged air conditioners with forklift

FILE: China - Date Unknown (CCTV - No access Chinese mainland)
11. Aerial shots of containers, cranes, ships at port

Storyline


China's light industry enterprises above the designated size achieved a revenue of 23 trillion yuan (about 3.17 trillion U.S. dollars) in 2024, up 2.0 percent year on year, with a profit of 1.5 trillion yuan, marking an 8.3 percent year-on-year increase, according to the latest data from the China National Light Industry Council.

China's light industry output maintained stable growth in 2024, with the added value of enterprises above the designated size increasing by 5.1 percent year on year.

Among the 91 major light industry products tracked by the National Bureau of Statistics, 55 recorded production growth. In particular, driven by trade-in policy, home appliances like washing machines and refrigerators saw significant output increases.

The profitability of the sector continued to improve, with the operating profit margin reaching 6.54 percent, up 0.38 percentage points from the previous year. Industries such as home appliances, batteries, and sewing machinery experienced double-digit profit growth, contributing to the overall positive trend.

Government policies aimed at boosting domestic demand and consumption led to a steady expansion of the light industry market. In 2024, retail sales of 11 categories of light industrial goods reached nearly 8 trillion yuan, marking a 5.0 percent increase. Notably, household appliances and audiovisual equipment maintained rapid growth for four consecutive months.

China's light industry exports increased steadily in 2024, with the sector's total export value growing by 3.6 percent year on year, maintaining a sustained upward trend for three consecutive months. Of the 21 major sub-industries in light manufacturing, 13 recorded export growth, demonstrating the sector's resilience in export.

DOWNLOAD
  • ID : 8416232
  • Dateline : Recent/File
  • Location : China
  • Category : Data
  • Duration : 1'17
  • Audio Language : Nats/Part Mute
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Published : 2025-02-15 15:07
  • Last Modified : 2025-02-16 13:34:27
  • Version : 2

China-Light Industry/Profit Growth/2024

China's light industry records 1.5 trillion yuan profit in 2024

Dateline : Recent/File

Location : China

Duration : 1'17

  • English


FILE: China - Date Unknown (CCTV - No access Chinese mainland)
1. Aerial shot of city view

FILE: Jiangsu Province, east China - 2024 (CCTV - No access Chinese mainland)
2. Various of home appliance for sale, consumer, saleswoman at store
3. Various of electric bicycles for sale, customers

FILE: Yancheng City, Jiangsu Province, east China - Dec 6, 2024 (CCTV - No access Chinese mainland)
4. Various of consumers at in-store mobile phone counters

FILE: China - Date Unknown (CCTV - No access Chinese mainland)
5. Various of factory interior, equipment, workers, production lines

FILE: Jiangxi Province, east China - Date Unknown (CCTV - No access Chinese mainland)
6. Various of production in progress; workers, machines

FILE: China - Date Unknown (CCTV - No access Chinese mainland)
7. Various of refrigerator production line
8. Various of air conditioner production line

FILE: Jiaozhou City, Shandong Province, east China - 2024 (CGTN - No access Chinese mainland)
9. Various of air conditioner production line, packaged products
10. Worker moving packaged air conditioners with forklift

FILE: China - Date Unknown (CCTV - No access Chinese mainland)
11. Aerial shots of containers, cranes, ships at port


China's light industry enterprises above the designated size achieved a revenue of 23 trillion yuan (about 3.17 trillion U.S. dollars) in 2024, up 2.0 percent year on year, with a profit of 1.5 trillion yuan, marking an 8.3 percent year-on-year increase, according to the latest data from the China National Light Industry Council.

China's light industry output maintained stable growth in 2024, with the added value of enterprises above the designated size increasing by 5.1 percent year on year.

Among the 91 major light industry products tracked by the National Bureau of Statistics, 55 recorded production growth. In particular, driven by trade-in policy, home appliances like washing machines and refrigerators saw significant output increases.

The profitability of the sector continued to improve, with the operating profit margin reaching 6.54 percent, up 0.38 percentage points from the previous year. Industries such as home appliances, batteries, and sewing machinery experienced double-digit profit growth, contributing to the overall positive trend.

Government policies aimed at boosting domestic demand and consumption led to a steady expansion of the light industry market. In 2024, retail sales of 11 categories of light industrial goods reached nearly 8 trillion yuan, marking a 5.0 percent increase. Notably, household appliances and audiovisual equipment maintained rapid growth for four consecutive months.

China's light industry exports increased steadily in 2024, with the sector's total export value growing by 3.6 percent year on year, maintaining a sustained upward trend for three consecutive months. Of the 21 major sub-industries in light manufacturing, 13 recorded export growth, demonstrating the sector's resilience in export.

ID : 8416232

Published : 2025-02-15 15:07

Last Modified : 2025-02-16 13:34:27

Source : China Central Television (CCTV),China Global Television Network (CGTN)

Restrictions : No access Chinese mainland

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