工业企业利润数据点评：企业单月利润增速同比转正

Profit Trends - In 2024, the total profit of industrial enterprises above designated size reached CNY 74,310.5 billion, a decrease of 3.3% compared to the previous year[3] - In December 2024, profits increased by 11.0% year-on-year, reversing the previous month's decline of -7.3%[3] - The total revenue for these enterprises was CNY 137.8 trillion, reflecting a year-on-year growth of 2.1%[4] Sector Performance - Mining sector profits totaled CNY 11,271.9 billion, down 10.0% year-on-year, but the decline rate has slowed compared to the first 11 months of 2024[5] - Manufacturing sector profits were CNY 55,141.1 billion, a decrease of 3.9%, with a reduced decline of 0.7 percentage points from the previous 11 months[5] - The electrical and water sector saw profits of CNY 7,897.6 billion, marking a year-on-year increase of 14.5%[5] Profitability Metrics - The operating profit margin for industrial enterprises was 5.4%, remaining stable compared to the previous 11 months[4] - The gross profit margin for these enterprises was 14.8%, showing a slight recovery from earlier months[4] Financial Health - The asset-liability ratio for industrial enterprises decreased to 57.5% by the end of December 2024, down 0.4 percentage points from November[5] - The asset-liability ratios for manufacturing and electrical/water sectors were 56.9% and 60.4%, respectively, both showing slight declines[5] Risks - Potential risks include unexpected geopolitical tensions, macroeconomic downturns, and significant fluctuations in overseas markets[6]