【新华解读】10月份我国规上工业企业利润走势怎么看？

Core Viewpoint - The profit of large-scale industrial enterprises in China increased by 1.9% year-on-year from January to October, maintaining growth for three consecutive months since August, despite a 5.5% decline in October [1][2]. Group 1: Profit Performance - From January to October, the profit of large-scale industrial enterprises showed resilience and adaptability in the face of domestic and international challenges [1]. - In October, the profit growth rate slowed down due to factors such as base effect, production slowdown, and profit margin decline [1][4]. - The profit margin for large-scale industrial enterprises was 5.25% from January to October, a slight decrease of 0.01 percentage points compared to the first nine months [4]. Group 2: Production and Economic Indicators - In October, the industrial added value for large-scale enterprises grew by 4.9% year-on-year, but the growth rate decreased compared to September, influenced by fewer working days due to the National Day holiday [3]. - Accounts receivable for large-scale industrial enterprises increased by 5.1% year-on-year by the end of October, indicating an improvement in cash flow [4]. - The inventory of finished goods increased by 3.7% year-on-year by the end of October, reflecting a cautious outlook from enterprises regarding short-term market trends [4]. Group 3: Sector Analysis - From January to October, profits in the equipment manufacturing sector grew by 7.8%, contributing 2.8 percentage points to the overall profit growth of large-scale industrial enterprises [5]. - High-tech manufacturing profits increased by 8.0%, surpassing the average growth rate of all large-scale industrial enterprises by 6.1 percentage points [5]. - Traditional industries such as graphite and carbon products, as well as biochemical pesticides, saw profit growth rates exceeding 70%, indicating successful upgrades [5]. Group 4: Future Outlook - The profit growth rate for large-scale industrial enterprises is expected to improve in the coming months due to a favorable base effect and a reduction in the negative impact of price declines [5]. - Policy-driven financial tools are anticipated to support infrastructure, while external demand remains resilient, contributing to a continued recovery in profits [5].