前9个月规模以上工业企业利润加快恢复

Core Insights - The profit of industrial enterprises above designated size in China increased by 3.2% year-on-year in the first nine months, marking the highest cumulative growth rate since August of the previous year, and accelerating by 2.3 percentage points compared to the first eight months [1] - In September, the profit growth rate reached 21.6% year-on-year, indicating significant improvement in the manufacturing sector due to policy support and recovering market demand [2] - Revenue growth for industrial enterprises also accelerated, with a 2.4% year-on-year increase in the first nine months, and a 2.7% increase in September, contributing positively to profit recovery [2] Revenue and Profit Margins - The operating revenue profit margin for industrial enterprises was 5.26% in the first nine months, a year-on-year increase of 0.04 percentage points, while in September, it rose to 5.49%, an increase of 0.85 percentage points [2] - The decrease in costs and expenses per hundred yuan of operating revenue indicates effective cost control and product structure optimization by enterprises [2] Performance by Enterprise Size - Profit growth was observed across all sizes of enterprises, with private and foreign enterprises showing particularly notable increases. Large, medium, and small enterprises saw profit growth rates of 2.5%, 5.3%, and 2.7% respectively in the first nine months [2] Sector Performance - The manufacturing sector grew by 9.9% in the first nine months, while the electricity, heat, gas, and water production and supply sector grew by 10.3%. The mining sector experienced a decline of 29.3%, but the rate of decline has narrowed [3] - Among 41 major industrial categories, 23 saw year-on-year profit growth, with 30 industries experiencing profit growth in September, representing a growth rate of 73.2% [3] Future Outlook - The industrial sector is expected to continue its recovery, with a focus on expanding domestic demand and strengthening the domestic economic cycle to promote stable and healthy industrial economic development [3]