前10月规上工业企业利润同比增长1.9%

Core Insights - The total profit of industrial enterprises above designated size in China reached 59,502.9 billion yuan from January to October, marking a year-on-year increase of 1.9%, with growth sustained for three consecutive months since August [1] - The revenue of these enterprises also showed growth, with a year-on-year increase of 1.8%, creating favorable conditions for profit recovery [1] Group 1: Industrial Performance - The profit of the equipment manufacturing sector grew significantly, with a year-on-year increase of 7.8%, contributing 2.8 percentage points to the overall profit growth of industrial enterprises [1] - The profit from the equipment manufacturing sector accounted for 38.5% of the total profit of all industrial enterprises, an increase of 2.0 percentage points compared to the same period last year [1] - Among the eight major categories in the equipment manufacturing sector, seven reported year-on-year profit growth from January to October [1] Group 2: High-tech Manufacturing - The profit of high-tech manufacturing enterprises increased by 8.0% year-on-year, surpassing the average growth rate of all industrial enterprises by 6.1 percentage points [2] - Notably, the smart electronics manufacturing sector showed remarkable growth, with profits from smart unmanned aerial vehicle manufacturing and smart vehicle-mounted equipment manufacturing increasing by 116.1% and 114.9%, respectively [2] Group 3: Traditional Industries - Traditional industries are showing signs of quality improvement, with profits significantly exceeding the industry average [2] - In the raw materials sector, industries such as graphite and carbon products manufacturing, biochemical pesticides, and cultural information chemicals saw profit increases of 77.7%, 73.4%, and 19.1%, respectively, all exceeding their respective industry averages [2] - In the chemical fiber, rubber, and plastic products sectors, profits from bio-based chemical fiber manufacturing and recycled rubber manufacturing increased by 61.2% and 15.4%, respectively, also surpassing their industry averages [2] Group 4: Future Outlook - The industrial sector is urged to enhance policy coordination to further expand domestic demand, optimize structure, and cultivate new capabilities, aiming for a qualitative and quantitative upgrade in the industrial economy [2]