好不容易才中标的项目，企业为何选择弃标？ 今年5月，安徽省卫健委公示一则核磁共振成像系统（MR）采购公告，此后3个月7次修改招标文件，终于敲定中标结果后，中标企业却又主动弃标—— 近日，安徽省县域医共体MR采购项目的波折，揭开了医疗设备采购领域的难言之隐。 中标企业主动弃标 "这个价格是比较高的，弃标就比较怪异了。"一家头部厂商的市场推广人员刘帅（化名）看到万东医疗中标的原始公告后，感到非常惊讶。 根据安徽省招标集团股份有限公司（以下简称招标集团）8月20日发布的中标结果，万东医疗以400万元的价格，中标一套1.5T（高配）的核磁共振成像系 统。实际上，这一安徽省县域医共体MR采购项目的招标过程可谓"一波三折"——今年5月首次公开招标，随后3个月里，招标集团连续7次修改采购文件， 直到8月下旬才敲定中标结果。 | 安徽省政府采购网 | 徽省政府购买服务信息平台 | | Q 请输入内容 | 搜索 | | | | --- | --- | --- | --- | --- | --- | --- | | 首页 | 资讯动态 | 来购公告 办事指南 监督检查 | 政策法规 | 下载专区 | 购买服务 | 常见问答 | ...

研究所 期待成本支撑 观望为宜 ----国信期货铁合金周报 2025年11月30日 研究所 目 录 CONTENTS 1 行情回顾 2 锰硅产业链概况 3 硅铁产业链概况 4 总结及后市展望 研究所 Part1 第一部分 行情回顾 行情回顾·要闻概览 研究所 1、中共中央政治局11月28日召开会议，审议《关于二十届中央巡视省（自治区、直辖市）情况的综合报告》。中共中央总书记习近平 主持会议。 2、11月24日，国家发改委价格司组织召开价格无序竞争成本认定工作座谈会。国家发展改革委将会同有关部门持续推进相关工作，治 理企业价格无序竞争，维护良好市场价格秩序，助力高质量发展。 3、国家统计局发布数据，1—10月份，全国规模以上工业企业实现利润总额59502.9亿元，同比增长1.9%。其中，钢铁业利润总和 1053.2亿元，同比由亏转盈。 4、MYSTELL数据，本周，五大钢材品种供应855.71万吨，周环比增加5.8万吨，增幅0.7%；总库存1400.81万吨，周环比降32.29万 吨，降幅2.25%；周消费量为888万吨，降0.7%；其中建材消费环比降0.3%，板材消费环比增2.3%。 数据来源：WIND、My ...

1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints of the Report - In October, economic growth continued the slowdown trend from the third quarter, with some economic indicators significantly affected by the external environment. The 500 billion new policy - based financial instruments had been fully disbursed by the end of October, which may effectively boost investment in the fourth quarter. It is expected that the annual economic growth target of 5% can be achieved. - Overseas, the release of the US October CPI and some employment data was hindered due to data collection issues during the shutdown. The number of initial jobless claims last week hit a 7 - month low. The Fed's economic beige book showed that recent US economic activity was stable, but there were downward risks in the labor market. Since November, the US interest - rate cut rhythm has been inconsistent, and the dovish tone within the Fed has become more prominent, increasing the expectation of an interest - rate cut in December. - The economic indicators in October declined across the board, and the fundamentals were slightly under pressure. It is expected that the economy will continue the weak recovery trend in the fourth quarter, which will support the bond market. The central bank maintains a moderately loose policy tone, but the space for further monetary easing this year is limited. During the policy vacuum period, the bond market sentiment is generally weak and sensitive to news, and it may continue to fluctuate within a range in the short term, waiting for directional guidance from uncertain factors such as the central bank's Treasury bond trading scale in November and the new fund redemption rules [99][100]. 3. Summary According to the Table of Contents 3.1 Market Review - **Weekly Data**: The 30 - year, 10 - year, 5 - year, and 2 - year Treasury bond futures' active contracts (TL2512, T2512, TF2512, TS2512) fell by 0.93%, 0.45%, 0.10%, and 0.08% respectively. The trading volumes were 520,100, 442,800, 320,200, and 164,100 respectively [12]. - **Treasury Bond Futures Market Review**: The closing prices of the 30 - year, 10 - year, 5 - year, and 2 - year Treasury bond futures' main contracts all declined. The trading volume of the TS main contract decreased slightly, while those of the TF, T, and TL main contracts increased. The open interest of all main contracts (TS, TF, T, TL) increased [15][21][29]. 3.2 News Review and Analysis - **Key News**: On November 24, the National Development and Reform Commission planned to formulate standards for identifying costs in disorderly price competition. On November 25, the central bank conducted 1 trillion yuan of MLF operations, with a net investment of 100 billion yuan. On November 27, it was reported that from January to October, the total profit of national large - scale industrial enterprises increased by 1.9% year - on - year, but in October, it decreased by 5.5% year - on - year. On November 28, many regions in China were researching and planning policies to support the sale of completed properties. In addition, there were news about the progress of the Russia - Ukraine peace plan and the US jobless claims data [32][33]. 3.3 Chart Analysis - **Spread Changes**: This week, the spread between the 10 - year and 5 - year Treasury bond yields narrowed, while the spread between the 10 - year and 1 - year yields widened. The spreads between the 2 - year and 5 - year, and 5 - year and 10 - year main contracts both narrowed. The spread between the current and next quarters of the 10 - year contract widened, while that of the 30 - year contract narrowed. The spreads between the current and next quarters of the 5 - year and 2 - year contracts widened [42][48][52]. - **Treasury Bond Futures Main Position Changes**: The net short positions of the top 20 positions in the T Treasury bond futures main contract decreased [65]. - **Interest Rate Changes**: The overnight Shibor rate decreased, while the 1 - week, 2 - week, and 1 - month Shibor rates increased. The DR007 weighted average rate fell to around 1.46%. The yields of short - term Treasury bonds were strong, while those of medium - and long - term bonds were weak. The 1 - 3 - year yields decreased by 0.5 - 1.5 bp, the 5 - 7 - year yields increased by about 3 bp, and the 10 - year and 30 - year yields increased by about 1.9 and 2.7 bp respectively, reaching 1.83% and 2.18%. The spreads between the 10 - year and 30 - year US and Chinese Treasury bond yields both narrowed slightly [69][76]. - **Central Bank Open - Market Operations**: This week, the central bank conducted 151.18 billion yuan of reverse repurchases, with 167.6 billion yuan due; it also conducted 200 billion yuan of MLF operations, with 90 billion yuan due, achieving a net investment of 13.58 billion yuan [79]. - **Bond Issuance and Maturity**: This week, the total bond issuance was 141.494 billion yuan, the total repayment was 119.1457 billion yuan, and the net financing was 22.3482 billion yuan [81]. - **Market Sentiment**: The central parity rate of the RMB against the US dollar was 7.0789, with a cumulative increase of 86 basis points this week. The spread between the offshore and onshore RMB widened. The 10 - year US Treasury bond yield decreased, and the VIX index dropped significantly. The 10 - year Treasury bond yield in China increased significantly, and the A - share risk premium decreased slightly [85][91][96]. 3.4 Market Outlook and Strategies - **Domestic Fundamentals**: In October, social retail sales, industrial added value, and fixed - asset investment showed a downward trend, and the growth rates of social financing and credit decreased year - on - year. The support of government bonds for social financing continued to weaken, and the actual loan demand of enterprises and residents remained weak. The growth rates of M1 and M2 declined, and the activation of deposits slowed down. The year - on - year export growth rate turned negative, falling by 1.1% compared with the same period last year. - **Overseas Situation**: The release of the US October CPI and some employment data was affected. The number of initial jobless claims last week was at a 7 - month low. The Fed's economic beige book showed stable economic activity but downward risks in the labor market. The expectation of an interest - rate cut in December increased. - **Market Outlook**: The economic indicators in October declined, and the fundamentals were under pressure. It is expected that the economy will continue the weak recovery trend in the fourth quarter, supporting the bond market. The central bank maintains a moderately loose policy, but the space for further monetary easing is limited. In the short term, the bond market may continue to fluctuate within a range, waiting for directional guidance from uncertain factors [99][100].

Group 1: Hot News - The US Trade Representative's Office extended the tariff exemptions on China's technology transfer and intellectual property issues until November 10, 2026, which were originally set to expire on November 29, 2025 [2] - The National Development and Reform Commission will continue to address disorderly price competition among enterprises to maintain market price order [2] - From January to October 2025, the total profits of industrial enterprises above designated size in China reached 5950.29 billion yuan, a year - on - year increase of 1.9%, but in October, the profits decreased by 5.5% year - on - year [2] - The State Administration for Market Regulation will strengthen anti - monopoly law enforcement in key areas and fair competition reviews [2] - Russian President Putin said the US peace plan could be the basis for a Ukraine agreement, and the US delegation will visit Moscow next week [3] Group 2: Sector Performance - Key sectors to watch include lithium carbonate, coke, coking coal, Shanghai copper, and Shanghai gold [4] - Night - trading performance shows that different commodity futures sectors had varying degrees of price changes, with precious metals up 30.01%, non - metallic building materials up 3.02%, and so on [4] Group 3: Sector Positions - The chart shows the changes in commodity futures sector positions in the past five days, with different trends for each sector [5] Group 4: Performance of Major Asset Classes - In the equity market, the Shanghai Composite Index had a daily increase of 0.29%, a monthly decrease of 2.01%, and a yearly increase of 15.62%. Other indices also had their respective performance [6] - In the fixed - income market, 10 - year, 5 - year, and 2 - year treasury bond futures all had negative returns to varying degrees [6] - In the commodity market, the CRB commodity index, WTI crude oil, London spot gold, LME copper, and the Wind commodity index had different price changes [6] - Other assets such as the US dollar index and CBOE volatility index also showed their own trends [6]

期 货 研 究 2025 年 11 月 28 日 铝：区间震荡 氧化铝：低位反弹 铸造铝合金：跟随电解铝 王蓉 投资咨询从业资格号：Z0002529 wangrong2@gtht.com 王宗源（联系人） 期货从业资格号：F03142619 wangzongyuan@gtht.com 【综合快讯】 1. 国家发改委价格司组织召开价格无序竞争成本认定工作座谈会。会议指出，目前部分行业价格无序 竞争问题仍然突出，一些企业对规范价格竞争行为的要求落实不到位，甚至依然存在扰乱市场价格秩序的 行为。国家发展改革委将会同有关部门持续推进相关工作，治理企业价格无序竞争，维护良好市场价格秩 序，助力高质量发展。（华尔街见闻） | | | T | T-1 | T-5 | T-22 | T-66 | | --- | --- | --- | --- | --- | --- | --- | | | 沪铝主力合约收盘价 | 21500 | 45 | -30 | રેકેટ | 850 | | | 沪铝主力合约夜盘收盘价 | 21480 | - | - | ー | l | | | LME铝3M收盘价 | | | | | | | | | ...

Report Industry Investment Ratings No relevant content provided. Core Views of the Report - Gold: Expectations of interest rate cuts are rising [2]. - Silver: In a range - bound adjustment [2]. - Copper: High expectations for long - term contract premiums support prices [2]. - Zinc: Oscillating weakly [2]. - Lead: Reduced inventory supports prices [2]. - Tin: Supply is facing new disruptions [2]. - Aluminum: Trading within a range [2]. - Alumina: Rebounding from a low level [2]. - Cast aluminum alloy: Following the trend of electrolytic aluminum [2]. - Nickel: The pace of inventory accumulation has slightly slowed, with short - term macro and news - based disturbances [2]. - Stainless steel: Steel prices are under pressure and oscillating at a low level, but the downside is limited [2]. Summary by Related Catalogs Gold and Silver - **Fundamentals**: For gold, Comex gold 2512 had a 0.74% daily increase, and SPDR gold ETF holdings increased by 5 to 1045.43. For silver, Comex silver 2512 rose 3.88%, and SLV silver ETF holdings remained unchanged at 15582.33. The inventories of both decreased [4]. - **Macro and Industry News**: OPEC+ will maintain the suspension of production increases in Q1 2026, and Putin will discuss the peace plan with the US [4][7]. - **Trend Intensity**: Gold and silver both have a trend intensity of 0 [6]. Copper - **Fundamentals**: The Shanghai copper main contract rose 0.46%, and LME copper 3M electronic trading decreased 0.21%. The global refined copper market had a 5.1 - million - ton deficit in September, and the market is expected to face a 15 - million - ton shortage in 2026 [8][10]. - **Macro and Industry News**: China's industrial enterprise profits in October decreased 5.5% year - on - year, and the cost - determination meeting for price competition was held [8][10]. - **Trend Intensity**: Copper has a trend intensity of 1 [10]. Zinc - **Fundamentals**: The Shanghai zinc main contract rose 0.27%, and LME zinc 3M electronic trading increased 1.85%. The inventory situation was mixed [11]. - **News**: The ECB official warned that it's too early to discuss interest rate cuts, and the cryptocurrency winter may threaten the financial market [12]. - **Trend Intensity**: Zinc has a trend intensity of 0 [14]. Lead - **Fundamentals**: The Shanghai lead main contract decreased 0.64%, and LME lead 3M electronic trading decreased 0.40%. The inventories of both decreased [15]. - **News**: China's industrial enterprise profits in October decreased 5.5% year - on - year, and relevant regulatory meetings were held [15]. - **Trend Intensity**: Lead has a trend intensity of 0 [15]. Tin - **Fundamentals**: The Shanghai tin main contract rose 0.20%, and LME tin 3M electronic trading increased 1.05%. Spot prices increased [17]. - **Macro and Industry News**: The US consumer spending decreased, and China promoted the development of new business forms [18]. - **Trend Intensity**: Tin has a trend intensity of 0 [20]. Aluminum, Alumina, and Cast Aluminum Alloy - **Fundamentals**: The Shanghai aluminum main contract rose 45, alumina rebounded from a low level, and cast aluminum alloy followed electrolytic aluminum. Various indicators such as inventory and price differentials changed [21]. - **Comprehensive News**: The price - competition cost - determination meeting was held, and China's industrial enterprise profits in October decreased 5.5% year - on - year [23]. - **Trend Intensity**: Aluminum, alumina, and cast aluminum alloy all have a trend intensity of 0 [23]. Nickel and Stainless Steel - **Fundamentals**: The Shanghai nickel main contract decreased 360, and the stainless - steel main contract decreased 45. The pace of nickel inventory accumulation slowed [24]. - **Macro and Industry News**: There were issues with Indonesian nickel mines, and Fed officials made dovish remarks [24][27]. - **Trend Intensity**: Nickel and stainless steel both have a trend intensity of 0 [28].

Group 1: Open Market Operations - The central bank announced a 7-day reverse repurchase operation of 356.4 billion yuan at a fixed rate of 1.40% on November 27, with a net injection of 56.4 billion yuan for the day after accounting for 300 billion yuan maturing [1]. Group 2: Liquidity Conditions - The central bank has shifted to net injection in the open market, ensuring ample liquidity in the interbank market, with overnight repo rates slightly declining to around 1.31% [3]. - The overnight pricing in the anonymous click (X-repo) system is at 1.28%, with supply close to 200 billion yuan [3]. - Non-bank institutions are borrowing overnight funds using credit bonds as collateral, with rates dropping below 1.4% [3]. - The latest overnight financing rate in the U.S. is reported at 4.01% [3]. Group 3: Interbank Certificates of Deposit - The latest transaction for one-year interbank certificates of deposit is at 1.65%, showing a slight increase from the previous day [6]. Group 4: Government Bonds and Futures - The main contracts for government bonds mostly declined, with the 30-year contract down 0.01%, the 10-year down 0.06%, and the 5-year down 0.01%, while the 2-year contract saw a slight increase of 0.01% [11]. Group 5: Economic Indicators - In October, profits of industrial enterprises above designated size fell by 5.5% year-on-year, while the total profit for January to October reached 59,502.9 billion yuan, a year-on-year increase of 1.9% [12]. - The National Development and Reform Commission (NDRC) announced the allocation of 700 billion yuan and 800 billion yuan in special bonds for "hard investment" projects in the previous and current years, respectively [12]. - The NDRC is actively promoting the expansion of infrastructure REITs to include more sectors and asset types [13]. Group 6: Global Macro Developments - The Japanese government plans to issue more bonds to fund an economic stimulus package, with an additional budget of approximately 18.3 trillion yen (about 117 billion USD) funded by issuing 11.7 trillion yen in bonds [15]. - The Bank of Korea maintained its key interest rate at 2.5%, aligning with market expectations, and revised its GDP growth forecast for 2025 to 1.0% from 0.9% [15]. Group 7: Bond Market Events - Vanke bonds experienced significant declines, with "21 Vanke 02" dropping over 57% and other bonds falling by more than 40% [17]. - Shanghai Pudong Development Bank plans to hold a meeting on December 10 to discuss the extension of "22 Vanke MTN004" [17]. - Tianfeng Securities intends to issue up to 9.6 billion USD in offshore bonds to ensure the normal repayment of existing debts [17]. Group 8: Non-Standard Asset Risks - Recent disclosures indicate multiple non-standard asset defaults related to trust plans, highlighting ongoing risks in the market [18].

Report Industry Investment Rating - No relevant content provided Core Viewpoints - The main contract price of rebar fluctuated with a daily decline of 0.13%. During the roll - over period, trading volume remained stable while open interest decreased. In the current situation of weak supply and demand, the fundamentals are fair, inventory continues to decline, but demand weakens seasonally, and the actual situation is still weak, putting pressure on steel prices. The relatively positive factor is the low valuation. In the short term, the price will continue to fluctuate at a low level. Attention should be paid to the demand situation [5]. - The main contract price of hot - rolled coil fluctuated with a daily decline of 0.27%. During the roll - over period, trading volume increased while open interest decreased. Currently, the supply pressure of hot - rolled coil remains, and demand has weakened, with weak fundamentals, putting pressure on the coil price. The relatively positive factors are the low valuation and cost support. It is expected to continue the trend of bottom - seeking through fluctuations. Attention should be paid to the production situation of steel mills [5]. - The main contract price of iron ore fluctuated strongly with a daily increase of 0.44%. Both trading volume and open interest decreased. Currently, short - term positive factors support the iron ore price to rise, but ore demand is weakening, and supply remains at a high level. The fundamentals of the ore market have not improved, and the upward driving force is not strong. It is expected that the ore price will continue to fluctuate at a high level under the game of multiple and short factors. Attention should be paid to the performance of steel products [5]. Summary by Directory 1. Industry Dynamics - From January to October, the total profit of industrial enterprises above designated size in China was 5950.29 billion yuan, a year - on - year increase of 1.9%. Among them, the profit of state - holding enterprises was 1849.02 billion yuan, remaining flat year - on - year; that of joint - stock enterprises was 4432.83 billion yuan, an increase of 1.5%; that of foreign - invested and Hong Kong, Macao and Taiwan - invested enterprises was 1484.86 billion yuan, an increase of 3.5%; and that of private enterprises was 1699.56 billion yuan, an increase of 1.9%. The mining industry's profit was 712.33 billion yuan, a year - on - year decrease of 27.8%; the manufacturing industry's profit was 4505.03 billion yuan, an increase of 7.7%; and the power, heat, gas and water production and supply industry's profit was 732.93 billion yuan, an increase of 9.5% [7]. - The National Development and Reform Commission organized a symposium on the cost identification of disorderly price competition. It pointed out that the problem of disorderly price competition in some industries is still prominent, and some enterprises fail to implement the requirements for standardizing price competition, and there are still behaviors disrupting the market price order. The NDRC will continue to promote relevant work to manage disorderly price competition and maintain a good market price order [8]. - In October, the procurement costs of coking coal and iron ore varieties increased month - on - month, with a relatively large increase in coking coal; the costs of pig iron, scrap steel and alloy varieties decreased month - on - month. From January to October, the procurement costs of various varieties decreased significantly year - on - year, and the decline of major varieties narrowed compared with January - September. The weighted average procurement cost converted to dry basis in October was 1321.61 yuan/ton, a month - on - month increase of 54.12 yuan/ton or 4.27%; the cumulative average procurement cost from January to October was 1257.28 yuan/ton, a year - on - year decrease of 573.84 yuan/ton or 31.34% [9]. 2. Spot Market - The spot prices of rebar in Shanghai and Tianjin were 3210 yuan/ton, and the national average price was 3289 yuan/ton, with a decrease of 10 yuan/ton, 0 yuan/ton, and 3 yuan/ton respectively. The spot prices of hot - rolled coil in Shanghai and Tianjin were 3290 yuan/ton and 3230 yuan/ton, and the national average price was 3320 yuan/ton, with a decrease of 0 yuan/ton and 10 yuan/ton respectively, and the national average decreased by 4 yuan/ton. The price of Tangshan steel billet was 2980 yuan/ton, and the price of Zhangjiagang heavy scrap was 2080 yuan/ton, both remaining unchanged. The coil - rebar price difference was 80 yuan/ton, an increase of 10 yuan/ton; the rebar - scrap price difference was 1130 yuan/ton, a decrease of 10 yuan/ton [10]. - The price of 61.5% PB powder at Shandong ports was 799 yuan/ton, an increase of 3 yuan/ton; the price of Tangshan iron concentrate (wet basis) was 808 yuan/ton, remaining unchanged. The ocean freight from Australia was 10.73 US dollars/ton, an increase of 0.04 US dollars/ton; from Brazil was 24.64 US dollars/ton, a decrease of 0.01 US dollars/ton. The SGX swap price (current month) was 104.90 US dollars/ton, an increase of 0.10 US dollars/ton; the Platts index (CFR, 62%) was 107.35 US dollars/ton, an increase of 0.75 US dollars/ton [10]. 3. Futures Market - The closing price of the rebar futures active contract was 3093 yuan/ton, a decrease of 0.13%. The trading volume was 753,252 lots, an increase of 83 lots; the open interest was 1,069,617 lots, a decrease of 131,083 lots [12]. - The closing price of the hot - rolled coil futures active contract was 3293 yuan/ton, a decrease of 0.27%. The trading volume was 379,233 lots, an increase of 76,467 lots; the open interest was 876,319 lots, a decrease of 58,870 lots [12]. - The closing price of the iron ore futures active contract was 799.5 yuan/ton, an increase of 0.44%. The trading volume was 199,651 lots, a decrease of 2,318 lots; the open interest was 414,346 lots, a decrease of 5,496 lots [12]. 4. Related Charts - The report provides charts on steel inventory (including rebar and hot - rolled coil inventory), iron ore inventory (including national 45 - port inventory, 247 - steel - mill inventory, etc.), and steel - mill production situation (including blast furnace operating rate, independent electric furnace operating rate, etc.) [14][19][29] 5. Market Outlook - For rebar, both supply and demand have weakened. The weekly output of rebar decreased by 1.88 tons month - on - month, with a slight contraction in supply. However, the profit of short - process steel mills has improved, and the sustainability of production cuts needs to be monitored. Meanwhile, rebar demand has weakened, the weekly apparent demand decreased slightly month - on - month, and high - frequency daily trading has stabilized, both at low levels in recent years. The downstream industry is weak, and demand is expected to weaken seasonally, dragging down steel prices. In the short term, it will continue to fluctuate at a low level, and attention should be paid to demand [40]. - For hot - rolled coil, the supply - demand pattern is weak, and inventory reduction is limited. The weekly output of hot - rolled coil increased by 3.00 tons month - on - month, with supply rising at a high level and high inventory pressure. Meanwhile, hot - rolled coil demand has weakened, the weekly apparent demand decreased by 4.20 tons month - on - month, but it is still at a relatively high level. The contradictions in the downstream cold - rolling industry remain unresolved, and external demand improvement is limited, so demand resilience is likely to weaken. It is expected to continue the bottom - seeking through fluctuations, and attention should be paid to steel - mill production [40]. - For iron ore, the supply - demand pattern has changed little. Steel - mill production is weakly stable, and terminal ore consumption has declined. The average daily pig iron output and imported ore daily consumption of sample steel mills decreased slightly month - on - month last week. The profitability of steel mills has not improved, and combined with production - restriction disturbances, iron ore demand continues to be weak. Meanwhile, the arrival at domestic ports has increased significantly, and the shipment of overseas miners has decreased, but both are at high levels this year. External ore supply is positive, and domestic ore production is stable, with ore supply remaining at a high level. Short - term positive factors support the ore price to rise, but demand is weakening, and supply remains high. The fundamentals of the ore market have not improved, and the upward driving force is not strong. It is expected to continue to fluctuate at a high level, and attention should be paid to the performance of steel products [41].

记者11月27日从国家发展改革委获悉，国家发展改革委日前会同有关部门及相关行业协会召开会 议，研究制定价格无序竞争成本认定标准等相关工作。 会议指出，目前部分行业价格无序竞争问题仍然突出，一些企业对规范价格竞争行为的要求落实不 到位，甚至依然存在扰乱市场价格秩序的行为。国家发展改革委将会同有关部门持续推进相关工作，治 理企业价格无序竞争，维护良好市场价格秩序，助力高质量发展。（记者魏玉坤） ...

Core Viewpoint - In October, the profit growth of industrial enterprises above designated size in China experienced a decline after two months of rapid growth, with a year-on-year decrease of 5.5% due to high base effects and rising financial costs [1][2]. Summary by Sections Industrial Profit Growth - From January to October, the profit of industrial enterprises above designated size increased by 1.9% year-on-year, maintaining growth for three consecutive months since August [1]. - In August and September, the profits saw significant increases of 20.4% and 21.6% respectively [2]. Revenue and Sector Performance - The operating income of industrial enterprises above designated size grew by 1.8% year-on-year from January to October, creating favorable conditions for profit recovery [4]. - By sector, mining profits fell by 27.8%, while manufacturing profits rose by 7.7%, and profits in the electricity, heat, gas, and water production and supply sector increased by 9.5% [4]. High-Tech and Equipment Manufacturing - High-tech and equipment manufacturing sectors were the main drivers of profit growth, with profits in this category rising by 7.8%, contributing 2.8 percentage points to the overall profit growth of industrial enterprises [4]. - High-tech manufacturing profits increased by 8.0%, outperforming the average industrial profit growth by 6.1 percentage points [5]. Traditional Industries and Upgrading - Traditional industries showed signs of quality improvement, with profits significantly exceeding the industry average [5]. - In specific segments, profits in the chemical and building materials sectors saw substantial increases, with graphite and carbon products manufacturing up by 77.7% and biochemical pesticides up by 73.4% [6]. Future Outlook and Policy Implications - The National Development and Reform Commission is addressing issues of price competition in various industries to maintain a stable market order, which is expected to support high-quality development [7]. - Analysts suggest that ongoing policies to expand domestic demand and manage price competition will be crucial for the sustained improvement of industrial profits [6][7].