前三季度全国规模以上工业企业利润增长3.2%

Core Insights - The total profit of industrial enterprises above designated size in China reached 53,732 billion yuan from January to September, marking a year-on-year increase of 3.2%, the highest growth rate since August of the previous year [1] - The manufacturing sector saw a profit increase of 9.9%, while the electricity, heat, gas, and water production and supply sector grew by 10.3%. Conversely, the mining industry experienced a decline of 29.3%, although the rate of decline has narrowed [1] - In September, profits for industrial enterprises increased by 21.6% year-on-year, accelerating by 1.2 percentage points compared to August [1] Revenue Growth - From January to September, the revenue of industrial enterprises above designated size grew by 2.4% year-on-year, with September showing a 2.7% increase, marking a continuous acceleration in revenue growth over the past two months [1] - More than half of the industries reported profit growth, with 23 out of 41 major industrial categories showing year-on-year profit increases. Additionally, 26 industries experienced either accelerated profit growth or a reduction in profit decline [1] Profitability Metrics - The profit margin for industrial enterprises above designated size was 5.26% from January to September, reflecting a year-on-year increase of 0.04 percentage points. In September, the profit margin rose to 5.49%, an increase of 0.85 percentage points year-on-year, marking two consecutive months of improvement [2] - Profit growth for large, medium, and small industrial enterprises from January to September was 2.5%, 5.3%, and 2.7% respectively, with significant recoveries of 2.6 percentage points for large and medium enterprises, and 1.2 percentage points for small enterprises compared to the previous period [2]