China's industrial firms defied broader economic slowdown with 24.7% year-over-year profit growth in April, accelerating from March's 15.8% increase. The surprising performance stems from rising energy prices and resilient overseas demand for technology products, according to official data released Wednesday.

Raw-materials and manufacturing sectors led the gains, with the chemical industry particularly strong. Chemical profits surged 73.4% during the January-April period, reflecting improved performance across industrial firms despite broader economic headwinds in the world's second-largest economy.

The data suggests China's export-oriented industrial base remains robust amid global uncertainties. While the broader economy slows, these profit figures indicate certain sectors maintain competitive advantages. The figures may provide temporary relief for policymakers concerned about industrial growth momentum.

Investors should note that the profit acceleration comes amid ongoing concerns about China's property sector and local government debt. The industrial performance contrasts with other economic indicators, suggesting a patchy recovery that may not translate to broader economic improvement.