Page 25 - AmCham South China 2026 Special Report on the State of Business in South China
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n 2025, 45% of the companies studied 025年，45%的受访企业表示其在华营收实
Ireported either a significant or slight increase 2现显著增长或小幅增长，该比例较2024年下
in revenue in China, reflecting a 2pp decline from 降2个百分点。与此同时，表示营收持平的企业比例
the previous year. Meanwhile, the proportion of 上升4个百分点，达到21%。
companies indicating unchanged revenue rose by
4pp to 21%. 按企业来源国分析，其他国家企业实现营收增
长的比例更高，达42%（同比增长4个百分点）。相比
Broken down by corporate origin, a larger share 之下，实现营收增长的中资企业比例为54%（同比下
of companies from other countries (42%, +4pp
y-o-y) achieved revenue growth. This compares to 降8个百分点），美资企业为39%（同比下降4个百分
54% (-8pp y-o-y) of Chinese companies and 39% 点）。不同行业的表现差异显著。专业服务行业尤为
(-4pp y-o-y) of American companies reporting 突出，表示营收显著增长或小幅增长的企业比例同
similar growth. Sectoral performance varied 比上升5个百分点，达到54%。相反，制造业中表示营
notably. The professional services industry stood 收增长的企业比例同比下降10个百分点，降至37%。
out, with the share of companies expecting
revenue growth?either significant or slight?
increasing by 5pp year-on-year to 54%. Conversely,
the proportion of manufacturing companies
reporting revenue growth declined by 10pp year-
on-year to 37%.
Figure 13. Comparison of Change of Revenue in China (2020-2025)
图表13. 在华营收变化对比（2020-2025）
Significantly increased (over 15%) Slightly increased (1 ~ 15%) Comparable
显著增加 (大于15%) 少量增加 (1 ~ 15%) 保持不变
Slightly decreased (1 ~ 15%) Significantly decreased (over 15%)
少量减少 (1 ~ 15%) 显著减少 (大于15%)
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