国家统计局：前10个月全国规模以上工业企业利润同比增长1.9%

Core Insights - The profits of industrial enterprises above designated size in China increased by 1.9% year-on-year in the first ten months, marking three consecutive months of growth since August 2023 [1] - The operating income of these enterprises also rose by 1.8% year-on-year, contributing positively to the recovery of industrial profits [1] - The growth in profits is attributed to the effective implementation of national policies aimed at strengthening domestic circulation and facilitating both domestic and international circulation [1] Group 1: Industrial Performance - The mining sector experienced a decline of 27.8%, although the decline was narrowed by 1.5 percentage points compared to the previous nine months [1] - The manufacturing sector saw a profit increase of 7.7% [1] - The electricity, heat, gas, and water production and supply sector reported a profit growth of 9.5% [1] Group 2: Equipment Manufacturing - Profits in the equipment manufacturing sector grew by 7.8%, contributing 2.8 percentage points to the overall profit growth of industrial enterprises [2] - The profit share of the equipment manufacturing sector reached 38.5% of total industrial profits, an increase of 2.0 percentage points from the previous year [2] - Among the eight major categories in equipment manufacturing, seven reported profit growth, with the railway, shipbuilding, aerospace, and electronics industries showing double-digit growth rates of 32.0% and 12.8% respectively [2] Group 3: High-Tech Manufacturing - High-tech manufacturing profits increased by 8.0%, surpassing the average growth rate of all industrial enterprises by 6.1 percentage points [2] - The smart electronics manufacturing sector showed significant growth, with profits from unmanned aerial vehicle manufacturing and smart vehicle equipment manufacturing rising by 116.1% and 114.9% respectively [2] - The semiconductor manufacturing sector also performed well, with profits in integrated circuit manufacturing, electronic special materials manufacturing, and semiconductor discrete devices manufacturing growing by 89.2%, 86.0%, and 17.4% respectively [2] Group 4: Traditional Industries - Traditional industries are showing signs of quality improvement, with profits significantly exceeding the industry average [3] - In the raw materials sector, industries such as graphite and carbon products, biochemical pesticides, and cultural information chemicals saw profit increases of 77.7%, 73.4%, and 19.1% respectively, all surpassing their respective industry averages [3] - The development of new productive forces in traditional industries is characterized by a shift towards higher value-added and higher efficiency production, indicating a move from low-margin, high-cost manufacturing to high-margin, high-efficiency production [3]