同比增长10%！国家统计局，最新公布！

Core Insights - The National Bureau of Statistics reported that from January to November, the total profit of industrial enterprises above designated size reached 66,268.6 billion yuan, a year-on-year increase of 0.1%, maintaining growth for four consecutive months [1][2] - High-tech manufacturing profits grew by 10.0% year-on-year, accelerating by 2.0 percentage points compared to the previous ten months, significantly outpacing the average growth of all industrial enterprises [2] Group 1: High-Tech Manufacturing - The profit growth in high-tech manufacturing is driven by the "Artificial Intelligence +" initiative, with the electronic industrial equipment manufacturing sector seeing a profit increase of 57.4% [2] - The semiconductor equipment manufacturing sector experienced a remarkable profit growth of 97.2%, while the electronic components and electromechanical assembly equipment manufacturing sector saw a 46.0% increase [2] - The aerospace industry also showed strong performance, with profits in aerospace equipment manufacturing rising by 13.3%, and specific sectors like aerospace-related equipment manufacturing achieving a staggering 192.9% profit growth [2] Group 2: Equipment Manufacturing - The equipment manufacturing sector's profits increased by 7.7% year-on-year, contributing 2.8 percentage points to the overall profit growth of industrial enterprises [3] - Among the eight major categories in equipment manufacturing, seven reported year-on-year profit growth, with the railway, shipbuilding, and aerospace sectors achieving a profit growth rate of 27.8% and the electronics sector growing by 15.0% [4] - The automotive sector also showed positive signs with a profit increase of 7.5%, accelerating by 3.1 percentage points compared to the previous ten months [4] Group 3: Raw Materials Manufacturing - The raw materials manufacturing sector saw a profit growth of 16.6% year-on-year, contributing 2.0 percentage points to the overall profit growth of industrial enterprises [5] - The steel industry has shown significant improvement in profitability this year, aided by increased market demand and rapid revenue growth in the non-ferrous sector, which maintained double-digit profit growth [5] Group 4: Steel Industry Outlook - The steel industry is expected to exhibit distinct phase fluctuations in 2025, with ongoing supply-demand contradictions, but profitability is projected to improve compared to 2024 due to falling coal prices and unexpected export support [6] - In the first three quarters of 2025, 33 A-share steel companies reported total operating revenue of 1,329.113 billion yuan, a year-on-year decline of 6.4%, while net profits surged by 351% to 17.49 billion yuan [6] - The China Iron and Steel Association emphasizes the importance of managing production pace and controlling inventory to maintain profitability in the current complex market environment [6]