6月份规模以上工业企业利润降幅收窄 制造业改善明显

Core Insights - In June, the total profit of industrial enterprises above designated size reached 715.58 billion yuan, a year-on-year decrease of 4.3%, with the decline narrowing by 4.8 percentage points compared to May [1] - The manufacturing sector showed significant improvement, with profits shifting from a 4.1% decline in May to a 1.4% increase in June [1] - Cumulatively, in the first half of the year, the operating income of industrial enterprises grew by 2.5%, while profits fell by 1.8% [1] Group 1: Manufacturing Sector Performance - In June, the operating income of industrial enterprises increased by 1.0% year-on-year, maintaining the same growth rate as in May, which supports the recovery of corporate profits [1] - The profit decline for industrial enterprises narrowed in June, with the equipment manufacturing sector showing rapid profit growth [1] - The equipment manufacturing sector's operating income grew by 7.0% year-on-year, and profits shifted from a 2.9% decline in May to a 9.6% increase in June, contributing significantly to the overall profit growth of industrial enterprises [1] Group 2: High-end and Green Manufacturing - Profits in high-end manufacturing sectors such as electronic materials, aircraft manufacturing, and marine engineering equipment grew by 68.1%, 19.0%, and 17.8% respectively [2] - The production of smart and automated products accelerated, leading to profit increases in related industries, with smart consumer devices and measuring instruments seeing profits rise by 40.9% and 12.5% respectively [2] - Green production and lifestyle trends positively impacted profits in sectors like lithium-ion battery manufacturing, biomass energy generation, and environmental monitoring instruments, with profit growth rates of 72.8%, 24.5%, and 22.2% respectively [2] Group 3: Policy Impact on Profit Growth - The expansion of "two new" policies and subsidies has significantly improved profits in related industries, with medical equipment manufacturing, specialized printing equipment, and general parts manufacturing seeing profit increases of 12.1%, 10.5%, and 9.5% respectively [3] - The "replace old with new" policy for consumer goods has shown continued effectiveness, with profits in sectors like smart drones, computer manufacturing, and air conditioning equipment rising by 160.0%, 97.2%, and 21.0% respectively [3] - Related industries such as optoelectronic devices and computer components also experienced profit growth of 29.6% and 16.9% respectively [3]