私营企业利润增速加快 多地加力支持民营经济发展壮大

Core Insights - The profitability of industrial enterprises has shown positive improvement due to the implementation of various policies aimed at promoting the private economy and countering "involution" [1][5] Group 1: Industrial Profitability - In July, profits of industrial enterprises above designated size decreased by 1.5% year-on-year, a reduction in the decline by 2.8 percentage points compared to June 2025 [1] - From January to July, cumulative profits of industrial enterprises fell by 1.7%, with a slight narrowing of the decline by 0.1 percentage points compared to the first half of the year [1] - Medium and small-sized enterprises saw a turnaround in profits in July, with increases of 1.8% and 0.5% respectively, compared to declines of 7.8% and 9.7% in June [1] Group 2: Revenue and Cost Dynamics - Industrial enterprise revenue grew by 1.1% year-on-year in July, although this represented a decline of 0.5 percentage points from the previous month [2] - The Producer Price Index (PPI) remained unchanged at -3.6% year-on-year, while the industrial added value decreased by 1.1 percentage points compared to the previous month [2] - Industrial costs increased by 1.2% year-on-year in July, a decrease of 0.8 percentage points from the previous month [2] Group 3: Sector-Specific Performance - Manufacturing and public utilities saw profit growth in July, with manufacturing profits increasing by 6.6% year-on-year, a rise of 5.2 percentage points from June [2] - The mining sector experienced a significant profit decline of 39.2%, worsening by 3.0 percentage points compared to the previous month [2] - High-tech manufacturing profits rose by 18.9%, contributing 2.9 percentage points to the overall improvement in industrial profits [3] Group 4: Private Enterprises - From January to July, private enterprises achieved a total profit of 111.837 billion yuan, growing by 1.8%, with July profits increasing by 2.6%, surpassing the average growth of all industrial enterprises by 4.1 percentage points [5] - Recent policies aimed at enhancing the business environment and providing financial support have positively impacted the profitability of private enterprises [5] - Various local governments have introduced measures to promote the high-quality development of the private economy, signaling a commitment to improving the business environment and stimulating market vitality [5][6]