1-10月规模以上工业企业利润总额同比增长1.9%

Economic Activity Index - The China High-Frequency Economic Activity Index (YHEI) as of November 25, 2025, is 1.27, an increase of 0.02 from November 18 [1][3] - The "import dry bulk freight index" rose by 0.05 to 1.29, while the "30-city commodity housing sales index" fluctuated between 0.44 and 0.46 [1][3] Industrial Sector Performance - From January to October 2025, the total profit of industrial enterprises above designated size reached 59,502.9 billion yuan, a year-on-year increase of 1.9%, which is 1.3 percentage points lower than the growth rate from January to September [19] - The revenue and cost growth rates for the same period were both 0.6 percentage points lower than those from January to September, at 1.8% and 2.0% respectively [19] - State-owned industrial enterprises' profits remained stable compared to the previous year, while joint-stock enterprises saw a profit increase of 1.5% to 44,328.3 billion yuan, foreign and Hong Kong-Macau-Taiwan enterprises increased by 3.5% to 14,848.6 billion yuan, and private enterprises grew by 1.9% to 16,995.6 billion yuan [19] Profitability by Industry - Profitability varied across industries from January to October 2025, with the mining industry's profit margin rising from 16.68% to 16.76%, while the manufacturing sector's profit margin remained stable at 4.57% [2][19] - The profit margin for the electricity, heat, gas, and water production and supply industry decreased from 7.05% to 6.97% [2][19] Monetary Policy and Interest Rates - As of November 25, 2025, the central bank's net fund injection through open market operations was 337.5 billion yuan, with a reverse repurchase amount of 1,626.3 billion yuan and a 7-day reverse repurchase rate of 1.4% [5] - The overnight interbank rate decreased by 17 basis points to 1.41%, while the 7-day repurchase rate remained unchanged at 1.54% [8][9] Real Estate Market - New housing transaction areas in first, second, and third-tier cities increased by 10.84%, 23.06%, and 12.72% respectively, while second-hand housing transaction areas decreased by 5.84%, 2.64%, and 13.86% [30] - The average daily transaction area for all types of housing was below the level of the previous year [30] Consumer Behavior - The average daily box office revenue for movies was 64.23 million yuan, a decrease of 36.73 million yuan from the previous week [34] - The road logistics price index increased by 0.07% over the past month, up 0.48% year-on-year [34] Global Economic Indicators - The US dollar index rose by 0.22 points to 99.81, while the RMB to USD exchange rate increased by 187 basis points to 7.0938 [35][38] - The Chicago Board Options Exchange VIX index decreased by 6.13 points to 18.56 [35][38]