The 20 Largest Chinese Cos' Total Profits Declined By 2% in the 1Q 2022, While the 20 Largest US Cos' Total Profits Declined By a Somewhat Worse 8%. On the Positive Side For China Cos in the 1Q 2022, Its 5 Big Banks, Which Comprised a Massive 67% of the Total Profits of all Top 20 Chinese Cos, Had a 7% Profit Increase With So Very Little Variability, No Doubt Due to the Chinese Government Being Able To Moderate Profit Swings and Also IFRS Accounting Standards Softening the Swings in Reported Loan Loss Provisions As Compared to What US GAAP Now Does. China's Big Two Liquor Cos' Total Profits Advanced By 19%. But on the Huge Downside, China's Big 5 Technology Cos' Total Profits Declined Precipitously By 103%.

From the companiesmarketcap,com website, I identified the 20 largest Chinese Companies and the 20 largest US Companies in recent stock market capitalization.

From a review of the investing.com website, the wallstreetjournalmarkets website and also the financial statements included in Company Investor Relations websites, the first part of the table below shows the Consolidated Net Profit (Loss) from Continuing Operations for the first quarters of both 2022 and 2021 for each of these 20 largest Chinese Companies.

And from a review of 10-Q filings with the US SEC, the lower part of the table below shows the Consolidated Net Income (Loss) from Continuing Operations for the first quarters of both 2022 and 2021 for each of these 20 largest US Companies.