利润18.9%！高技术制造业凸显引领作用

Core Insights - In July, profits of large-scale industrial enterprises decreased by 1.5% year-on-year, a reduction of 2.8 percentage points compared to June, marking two consecutive months of narrowing decline [1] - From January to July, total profits of large-scale industrial enterprises reached 40,203.5 billion yuan, down 1.7% year-on-year, with a decline narrowing by 0.1 percentage points compared to the first half of the year [1] - The revenue of large-scale industrial enterprises continued to grow, with a year-on-year increase of 0.9% in July and 2.3% from January to July, creating favorable conditions for profit recovery [1] Industrial Performance - In July, the profits of medium and small enterprises improved significantly, with medium-sized and small enterprises' profits turning from declines of 7.8% and 9.7% in June to increases of 1.8% and 0.5% respectively [2] - Private enterprises saw a profit growth of 2.6% in July, exceeding the national average by 4.1 percentage points [2] - Manufacturing profits grew by 6.8% year-on-year in July, accelerating by 5.4 percentage points compared to June, contributing significantly to the recovery of overall industrial profits [2] High-tech Manufacturing - High-tech manufacturing profits turned from a decline of 0.9% in June to a growth of 18.9% in July, accelerating the overall profit growth of large-scale industrial enterprises by 2.9 percentage points [2] - The "Two New" policies have shown significant effectiveness, driving rapid profit growth in related industries [3] - In July, industries such as electronic and electrical machinery manufacturing, general parts manufacturing, and food and beverage machinery manufacturing saw profit increases of 87.9%, 15.3%, and 11.3% respectively [3]