10月工业利润数据点评：10月国有控股企业利润总额同比降幅有所收窄

Profit Trends - From January to October 2024, the total profit of industrial enterprises above designated size reached CNY 58,680.4 billion, a year-on-year decline of 4.3%[2] - In October, the total profit of industrial enterprises decreased by 10.0%, a reduction that narrowed by 17.1 percentage points compared to September[3] - The profit of state-owned enterprises fell by 8.2% year-on-year from January to October, with a monthly decline of 26.1% in October[4] Sector Performance - The manufacturing sector's profit decreased by 4.2% year-on-year, while the mining sector saw a decline of 12.7%[3] - High-tech manufacturing profits grew by 12.9%, significantly outperforming the average industrial profit decline by 22.9 percentage points[10] - In October, the equipment manufacturing sector's profit increased by 4.5%, with seven out of eight industries showing improved performance compared to September[9] Revenue and Cost Analysis - From January to October, the operating revenue of industrial enterprises increased by 1.9%, a slight decrease of 0.2 percentage points from the previous period[4] - The profit margin for industrial enterprises was 5.29%, a slight increase of 0.02 percentage points compared to the previous period[4] - The cost per CNY 100 of operating revenue was CNY 85.39, reflecting a marginal increase from the previous period[4]