国家统计局：1—9月份规模以上工业企业利润加快恢复

Core Insights - Industrial enterprises' profits are recovering rapidly, with a year-on-year increase of 3.2% from January to September 2025, marking the highest cumulative growth rate since August of the previous year [3][4] - Revenue growth for industrial enterprises has also accelerated, with a year-on-year increase of 2.4% during the same period [3][4] Profit Recovery - In the first nine months of 2025, profits in the manufacturing sector grew by 9.9%, while the electricity, heat, gas, and water production and supply sector saw a growth of 10.3%. Conversely, the mining sector experienced a decline of 29.3%, although the decline has narrowed [3][4] - In September alone, profits for industrial enterprises increased by 21.6% year-on-year, reflecting a 1.2 percentage point acceleration from August [3][4] Revenue Growth - The revenue for industrial enterprises in the first nine months of 2025 increased by 2.4% year-on-year, with September's revenue growth reaching 2.7%, an acceleration of 0.8 percentage points from August [3][4] Industry Performance - Over half of the 41 major industrial sectors reported profit growth in the first nine months, with 23 sectors showing year-on-year increases. In September, 30 sectors experienced profit growth, representing 73.2% of the total [4] - High-tech manufacturing significantly contributed to profit growth, with a year-on-year increase of 8.7% in the first nine months, which accelerated by 2.7 percentage points compared to the previous period [4][5] Equipment Manufacturing - The equipment manufacturing sector's profits grew by 9.4% year-on-year, surpassing the overall industrial average by 6.2 percentage points, contributing 3.4 percentage points to the total industrial profit growth [5] - In September, profits in the equipment manufacturing sector surged by 25.6%, contributing 10.5 percentage points to the overall industrial profit growth [5] Enterprise Size and Type - Profits improved across all enterprise sizes, with large, medium, and small enterprises seeing year-on-year profit growth of 2.5%, 5.3%, and 2.7%, respectively [5] - Private enterprises and foreign-invested enterprises reported profit growth of 5.1% and 4.9%, respectively, with significant acceleration compared to the previous period [5] Profitability Metrics - The profit margin for industrial enterprises increased to 5.26% in the first nine months of 2025, a year-on-year rise of 0.04 percentage points. In September, the profit margin reached 5.49%, reflecting a 0.85 percentage point increase year-on-year [6]