工业利润降幅收窄，装备制造业支撑作用突出

Group 1 - In June, the manufacturing sector showed significant improvement, with profits shifting from a decline of 4.1% in May to a growth of 1.4% [1] - For the first half of the year, the total profit of industrial enterprises above designated size reached 34,365.0 billion yuan, a year-on-year decrease of 1.8% [1] - In June, the total profit of industrial enterprises was 7,155.8 billion yuan, a year-on-year decline of 4.3%, but the decline narrowed by 4.8 percentage points compared to May [1] Group 2 - State-owned enterprises reported a total profit of 11,091.2 billion yuan, down 7.6%, while private enterprises saw a profit of 9,389.7 billion yuan, up 1.7% [3] - The mining industry experienced a profit drop of 30.3%, while the manufacturing sector's profit increased by 4.5% to 25,900.6 billion yuan [3] - The equipment manufacturing sector's revenue grew by 7.0% in June, with profits rebounding from a decline of 2.9% in May to a growth of 9.6% [3] Group 3 - High-end, intelligent, and green industries within manufacturing saw rapid profit growth, with electronic special materials manufacturing profits increasing by 68.1% [4] - The production of smart and automated products contributed to profit increases in related sectors, with smart consumer device manufacturing profits rising by 40.9% [4] - Green production initiatives led to significant profit growth in sectors like lithium-ion battery manufacturing, which saw a profit increase of 72.8% [5] Group 4 - The Ministry of Industry and Information Technology indicated that while external uncertainties have increased, supportive policies are being implemented to ensure stable industrial growth [6] - The upcoming plans for key industries such as steel and non-ferrous metals aim to stabilize growth in the second half of the year [6] - Analysts expect that the "Two New" policies will continue to support profit growth in the equipment manufacturing and high-tech sectors, leading to a broader recovery in industrial profits [6]