工业企业利润数据点评：盈利增速维持平稳

Group 1: Profit and Revenue Insights - From January to July 2024, industrial enterprises achieved a total profit of CNY 40,991.7 billion, a year-on-year increase of 3.6%, with growth accelerating by 0.1 percentage points compared to the first half of the year[10] - The total revenue for industrial enterprises in the same period reached CNY 75.9 trillion, reflecting a year-on-year growth of 2.9%, consistent with the growth rate from the previous six months[3] - The profit margin for industrial enterprises was 5.4%, remaining stable compared to the first half of the year, while the gross profit margin slightly decreased to 14.7%[3] Group 2: Sector Performance - In the mining sector, total profits amounted to CNY 7,179.2 billion, showing a year-on-year decline of 9.5%, although the decline was narrower by 1.3 percentage points compared to the first half of 2024[10] - The manufacturing sector reported total profits of CNY 29,045.4 billion, with a year-on-year increase of 5%, maintaining the growth rate from the previous six months[10] - The electricity and water sector achieved a profit of CNY 4,767.1 billion, with a year-on-year growth of 20.1%, despite a slowdown of 3 percentage points compared to the first half of the year[10] Group 3: Contribution to Profit Growth - Resource manufacturing contributed to a 0.8 percentage point decline in overall profit growth, with the decline narrowing compared to the previous six months[17] - Consumer goods manufacturing contributed 2 percentage points to profit growth, remaining stable compared to the first half of the year[17] - Equipment manufacturing contributed 2.1 percentage points to profit growth, showing a reduction compared to the previous six months[17] Group 4: Financial Ratios - As of the end of July 2024, the asset-liability ratio for industrial enterprises was 57.6%, unchanged from the end of June[24] - The asset-liability ratio for manufacturing enterprises increased to 57.1%, up 0.1 percentage points from June, while the mining and electricity/water sectors saw declines in their ratios[24]