1. A legal person established for the purpose of obtaining profits and distributing them to shareholders and other investors is a profit-making legal person.
2. A legal person established for public welfare or other non-profit purposes is a non-profit legal person that does not distribute profits to investors, founders or members. Among them, non-profit legal persons include non-profit legal persons, including institutions, social organizations, foundations and social service institutions.
Expanding materials "General Principles of Civil Law" Chapter III Legal Person:
Article 57 A legal person is an organization that has the capacity for civil rights and civil conduct, enjoys civil rights and undertakes civil obligations independently according to law.
Article 58 A legal person shall be established according to law.
A legal person shall have its own name, organization, domicile, property or funds. The specific conditions and procedures for the establishment of a legal person shall be in accordance with the provisions of laws and administrative regulations. The establishment of a legal person shall be approved by the relevant authorities in accordance with the provisions of laws and administrative regulations.
Article 59 The legal person's capacity for civil rights and civil conduct arises when the legal person is established and disappears when the legal person is terminated.
Article 60 A legal person shall bear civil liability independently with all its property.
Article 61 In accordance with the law or the articles of association of a legal person, the person in charge of civil activities on behalf of the legal person is the legal representative of the legal person. The legal consequences of the legal representative's civil activities in the name of a legal person shall be borne by the legal person. The restriction of the legal representative's representation by the articles of association or the functions and powers of the legal person shall not be against the bona fide counterpart.
Article 62 If a legal representative causes damage to others when performing his duties, the legal person shall bear civil liability. After a legal person bears civil liability, it may claim compensation from the legal representative at fault in accordance with the law or the articles of association of the legal person.
Article 63 A legal person shall take the place where its main office is located as its domicile. If it is necessary to register as a legal person according to law, the domicile of the main office shall be registered.
Source: Chinese Government Network: Chapter III of General Principles of China People and State Law.