Page 27 - AmCham South China 2026 Special Report on the State of Business in South China
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he overall financial performance of the 025年，受访企业在华整体财务表现持续走
Tcompanies studied in China continued to 2弱。其中82%的企业表示实现盈利，该比例
soften in 2025, with 82% reporting profitability, 同比下降3个百分点。按企业来源国分析，美资企业
representing a 3pp drop year-on-year. By country 与中资企业的盈利表现相对稳健，尽管均出现小幅下
of origin, profitability among American and 滑：美资企业中盈利企业占比为87%（同比下降2个
Chinese companies remained relatively resilient, 百分点），中资企业中盈利企业占比为86%（同比下
albeit with modest declines: 87% (-2pp y-o-y) of 降1个百分点）。相比之下，其他国家企业中盈利企业
American companies and 86% (-1pp y-o-y) of
Chinese companies reported being profitable. 比例下降更为明显，同比下降5个百分点至76%。
In contrast, companies from other countries
experienced a more pronounced decrease, with
the profitable share falling by 5pp to 76%.
Figure 16. Comparison of Profitability in China (2020-2025)
图表16. 在华盈利情况对比（2020-2025）
Figure 17. Profitability in China in 2025 (by Origins of Companies)
图表17. 2025年在华盈利情况（按照国家来源划分）
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