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Core Insights - The profit of industrial enterprises above designated size in August turned from a decline of 1.5% in July to a growth of 20.4%, indicating a significant recovery in the industrial sector [1][2] - Cumulatively, from January to August, the profit growth shifted from a decline of 1.7% to an increase of 0.9%, reversing the downward trend observed since May [2] Summary by Category Profit Growth - In August, the profit margin for industrial enterprises was 5.83%, an increase of 0.90 percentage points year-on-year [3] - The manufacturing sector saw a profit increase of 7.4% from January to August, accelerating by 2.6 percentage points compared to the previous period [2] Sector Performance - The equipment manufacturing sector's profit grew by 7.2%, contributing 2.5 percentage points to the overall profit growth of industrial enterprises [4] - The raw materials manufacturing sector experienced a profit increase of 22.1%, which was a 10.0 percentage point acceleration from the previous period, also contributing 2.5 percentage points to overall profit growth [4] Revenue and Cost Dynamics - In August, the operating revenue of industrial enterprises grew by 1.9%, an acceleration of 1.0 percentage points from July, while costs per hundred yuan of revenue decreased by 0.20 yuan, marking the first year-on-year decrease since July 2024 [2] Enterprise Size and Type - Profits improved across different enterprise sizes, with medium and small enterprises seeing year-on-year profit growth of 2.7% and 1.5%, respectively [5] - State-owned enterprises experienced a reduction in profit decline by 5.8 percentage points compared to the previous period, while private enterprises saw a profit growth of 3.3%, exceeding the average growth rate of all industrial enterprises [6]