27 June 2025 | 11:24AM HKT China: Industrial profits fell notably in May; June PMI Preview Bottom line: China's industrial profits fell by 9.4% yoy, while revenue rose by 0.7% yoy in May (vs. +3.2% yoy and +2.6% yoy in April). In sequential terms, both industrial profits and revenue declined by 9.7% and 1.0% sa non-annualized, respectively, in May (vs. +4.0% and -0.6% in April). Key numbers: Industrial profits: -9.4% yoy in May (sequential growth: -9.7% non-annualized, seasonally adjusted by GS); April: +3. ...