从6.2%增速看工业经济韧性：结构优化、出口改善、企业效益回升

Core Insights - The industrial value added in China for the first three quarters of this year increased by 6.2% year-on-year, indicating a stable and progressive development of the industrial economy supported by proactive macro policies [1][3] Industrial Growth - Among 41 major industrial categories, 37 experienced year-on-year growth, resulting in a growth coverage of 90.2% [3] - Out of 623 major industrial products, 385 saw an increase in production compared to the previous year [3] - Industrial exports showed improvement, with a year-on-year increase of 3.3% in the value of industrial exports for the first three quarters [3] High-tech and Traditional Industries - High-tech manufacturing's value added grew by 9.6%, contributing 24.7% to the overall industrial growth, particularly in sectors like integrated circuit manufacturing [7] - Traditional industries such as light industry and textiles remain competitive due to complete supply chains and strong upstream support [5] Structural Optimization - The industrial structure is continuously optimizing, with significant growth in intelligent manufacturing, green manufacturing, and digital technology [5] - Equipment manufacturing's value added rose by 9.7%, accounting for 35.9% of the total industrial value added, maintaining above 30% for 31 consecutive months [5] Profitability and Capacity Utilization - Industrial enterprises' profits improved, with a 0.9% year-on-year increase in profits for the first eight months, reversing a declining trend since May [10][12] - The profit growth in the manufacturing sector was 7.4%, with notable increases in sectors like non-ferrous metals and electrical machinery, which saw profits rise by 12.7% and 11.5% respectively [12] - The capacity utilization rate for large-scale industrial enterprises rose to 74.6%, an increase of 0.6 percentage points from the second quarter, with 21 out of 41 major industries showing improved utilization [12]