Core Viewpoint - In 2024, China's industrial enterprises above designated size achieved a revenue of 137.77 trillion yuan, marking a 2.1% increase from the previous year, while total profits reached 74,310.5 billion yuan, a decrease of 3.3% year-on-year. However, there are signs of recovery in the industrial sector, particularly in high-tech manufacturing and consumer goods manufacturing, driven by timely policy measures [4][5][10]. Group 1: Industrial Performance - In December 2024, profits of industrial enterprises turned from a year-on-year decline of 7.3% in November to a growth of 11%, with revenue increasing by 4.2%, an acceleration of 3.7 percentage points from November [5]. - Over 90% of industries and 60% of products reported growth in 2024, with 39 out of 41 major industrial sectors showing an increase in value added, representing a growth rate of 95.1%, up 26.8 percentage points from the previous year [5]. - The industrial capacity utilization rate improved to 75% in 2024, with quarterly rates rising from 73.6% in Q1 to 76.2% in Q4, indicating a continuous improvement in industrial capacity utilization [6]. Group 2: High-Tech Manufacturing and New Growth Drivers - High-tech manufacturing profits grew by 4.5% in 2024, surpassing the average growth rate of 7.8 percentage points for industrial enterprises, contributing to a 0.8 percentage point increase in overall industrial profits [7]. - Specific sectors such as optical electronic device manufacturing and aerospace manufacturing saw profit increases of 66.9% and 13.4%, respectively, while smart device manufacturing sectors experienced even higher growth rates [7]. Group 3: Consumer Goods Manufacturing - Consumer goods manufacturing profits increased by 3.4% in 2024, supported by policies aimed at expanding domestic demand and rising industrial exports [8]. - Key sectors within consumer goods, including chemical fibers and beverages, reported significant profit growth, with increases of 33.6% and 7.1%, respectively [8]. Group 4: Sector-Specific Growth - The non-ferrous metal smelting and rolling industry grew by 15.2%, while the oil and gas extraction industry saw a 14.2% increase in profits in 2024 [9]. - The electricity, heat, gas, and water production and supply sector achieved a profit total of 7,897.6 billion yuan, reflecting a growth of 14.5% [9].
全年实现利润超7.4万亿元
Ren Min Ri Bao Hai Wai Ban·2025-11-28 09:47