新质生产力追踪（二）：三季报下的新质生产力

Performance Overview - In Q3 2024, the net profit growth rate of strategic emerging industries was -13.9%, underperforming the overall A-share non-financial sector at -5.2%[3] - The new generation information technology industry showed a positive growth rate of 2.2%, while the high-end equipment manufacturing industry and new energy vehicle industry recorded growth rates of 0.8% and 6.9%, respectively[3] Profitability Metrics - The Return on Equity (ROE) for strategic emerging industries was 5.9%, lower than the overall A-share non-financial sector at 6.2%[4] - The new energy vehicle industry led with an ROE of 8.7%, followed by the energy-saving and environmental protection industry at 8.0%[4] Cash Flow Quality - The operating cash ratio for strategic emerging industries was 11.6%, exceeding the overall A-share non-financial sector's 9.3%[5] - The new generation information technology industry had the highest cash ratio at 13.4%[5] R&D Investment - R&D expenditure intensity for strategic emerging industries was 4.0%, significantly higher than the overall A-share non-financial sector at 2.4%[6] - The new generation information technology industry had the highest R&D intensity at 5.8%[6] Capital Expenditure - Capital expenditure intensity for strategic emerging industries was 9.8%, outperforming the overall A-share non-financial sector at 7.7%[6] - However, capital expenditure showed a decline compared to Q2 2024 and Q3 2023, indicating a weakening investment sentiment[6]