21.6%！规上工业企业利润连续双位数增长，推手是谁

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% [1][4][5] - In September, profits surged by 21.6%, with the equipment manufacturing sector contributing significantly to this growth [1][7] - High-tech manufacturing also showed robust performance, with a profit growth rate of 26.8% in September, indicating its role as a key driver for high-quality industrial development [1][8] Profit Growth Analysis - The profit growth in September was influenced by a low base from the previous year, as September 2022 recorded the lowest monthly profit of the year [2][5] - The cumulative profit growth of 3.2% for the first nine months is the highest since August of the previous year, reflecting a recovery trend [5][6] - The average profit margin for industrial enterprises improved slightly to 5.26%, up by 0.04 percentage points year-on-year [6] Sector Performance - The equipment manufacturing sector's profit increased by 25.6% in September, contributing 10.5 percentage points to the overall profit growth of industrial enterprises for that month [1][9] - Among 41 industrial categories, 23 reported year-on-year profit growth, with 30 industries showing profit increases in September [7][8] - Specific sectors such as power generation and supply, non-ferrous metal processing, and food processing also reported significant profit increases [8] Company Type Performance - State-owned enterprises reported a slight profit decline of 0.3%, while private and foreign-invested enterprises showed stronger growth rates of 5.1% and 4.9%, respectively [9] - The overall profit growth reflects a recovery in market expectations and operational vitality, particularly among private and foreign enterprises [9]