当前经济与政策思考：工业企业利润的裂口

Group 1: Profit Trends - In the first nine months of 2024, the total profit of industrial enterprises reached 52,281.6 billion yuan, a year-on-year decrease of 3.5%[1] - The profit for September alone saw a year-on-year decline of 27.0%, a drop of 9.3 percentage points compared to the previous month[1] - State-owned enterprises experienced a profit decline of 36.3% year-on-year, with the drop expanding by 18.4 percentage points from the previous month[6] Group 2: Cost and Revenue Dynamics - Cumulative operating revenue increased by 2.1% year-on-year, while operating costs rose by 2.4%[6] - In September, operating costs increased by 1.0% year-on-year, while revenue remained flat[6] - The profit margin for September was 5.27%, down 0.07 percentage points from the previous month[6] Group 3: Accounts Receivable and Inventory - By the end of September, accounts receivable and notes totaled 25.72 trillion yuan, reflecting a year-on-year increase of 7.6%[6] - Finished goods inventory stood at 6.47 trillion yuan, showing a slight decrease of 0.9% month-on-month[6] - The year-on-year growth rate of finished goods inventory declined to 4.6%[7]