Core Insights - In the first eight months of the year, the total profit of industrial enterprises above designated size reached 46,929.7 billion yuan, reflecting a year-on-year growth of 0.9% [1][2] - The equipment manufacturing sector showed a profit growth of 7.2%, significantly contributing 2.5 percentage points to the overall profit growth of industrial enterprises [1][6] - The profit trend reversed from a decline of 1.7% in the first seven months to a growth of 0.9% in the first eight months, indicating a recovery in industrial profits [1][3] Revenue and Profit Analysis - From January to August, the operating revenue of industrial enterprises above designated size was 89.62 trillion yuan, with a year-on-year increase of 2.3% [2][3] - The operating costs amounted to 76.70 trillion yuan, reflecting a growth of 2.5% [2] - The operating profit margin was 5.24%, showing a slight decline of 0.06 percentage points year-on-year [2] Sector Performance - Among different ownership types, state-controlled enterprises reported a profit of 15,156.5 billion yuan, down 1.7%, while private enterprises saw a profit increase of 3.3% to 13,076.1 billion yuan [3][5] - The manufacturing sector achieved a profit of 35,233.5 billion yuan, growing by 7.4%, while the electricity, heat, gas, and water supply sector's profit rose by 9.4% [5][6] - The mining sector experienced a significant decline in profits, down 30.6% [5][6] Monthly Trends - In August alone, the profit of industrial enterprises above designated size surged by 20.4%, a notable recovery from a 1.5% decline in July [2][6] - The profit growth in August was attributed to a low base from the previous year and improved monthly performance [2][6] Industry-Specific Insights - The equipment manufacturing sector played a crucial role in profit recovery, with seven out of eight industries within this sector reporting profit growth [6][7] - The raw materials manufacturing sector saw a profit increase of 22.1%, significantly contributing to the overall profit growth of industrial enterprises [7] - Consumer goods manufacturing shifted from a decline of 2.2% to a growth of 1.4%, driven by strong performance in the beverage and agricultural product sectors [7]

Group 1 - The core viewpoint of the article indicates that from January to August, the profits of industrial enterprises above designated size increased by 0.9% year-on-year, supported by macro policies and a low base from the previous year [1] - The equipment manufacturing industry showed strong support, contributing significantly to the overall profit growth of industrial enterprises [8] - Profits improved across different scales of enterprises, indicating a broad-based recovery in the industrial sector [1] Group 2 - The revenue of industrial enterprises above designated size maintained stable growth, with a year-on-year increase of 2.3% from January to August [7] - The equipment manufacturing sector's profit grew by 7.2% from January to August, driving a 2.5 percentage point increase in the overall industrial profit [8] - The profit of the materials manufacturing industry increased by 22.1% year-on-year, accelerating by 10.0 percentage points compared to the previous month [9]

Core Insights - In the first eight months of 2025, profits of industrial enterprises above designated size increased by 0.9% year-on-year, reversing a decline that had persisted since May 2025 [1][4][8] - The manufacturing sector saw a profit growth of 7.4%, while the electricity, heat, gas, and water production and supply sector grew by 9.4%. The mining sector, however, experienced a decline of 30.6% [1][5] Revenue and Profit Trends - Revenue for industrial enterprises above designated size grew by 2.3% year-on-year, remaining stable compared to the first seven months of 2025. In August alone, revenue increased by 1.9%, accelerating by 1.0 percentage points from July [2][4] - The profit margin for industrial enterprises improved, with the profit rate reaching 5.83% in August, an increase of 0.90 percentage points year-on-year [4][14] Sector Performance - The equipment manufacturing sector played a significant role in profit growth, with a profit increase of 7.2% in the first eight months, contributing 2.5 percentage points to the overall profit growth of industrial enterprises [2][3] - Raw material manufacturing profits surged by 22.1%, driven by increased market demand and price recovery, while consumer goods manufacturing profits turned from a decline of 2.2% to a growth of 1.4% [3][5] Company Size and Type Analysis - Profits improved across different company sizes, with medium and small enterprises seeing year-on-year profit growth of 2.7% and 1.5%, respectively. Private enterprises outperformed, with a profit growth of 3.3% [3][4] - State-owned enterprises reported a profit decline of 1.7%, while joint-stock enterprises saw a slight profit increase of 1.1% [4][5] Cost and Efficiency Metrics - In August, the cost per hundred yuan of revenue decreased by 0.20 yuan, marking the first year-on-year decline since July 2024. The average cost was 85.58 yuan per hundred yuan of revenue [4][7] - The average accounts receivable turnover period increased to 70.1 days, indicating a slight decline in efficiency [7][14]

Core Insights - The total profit of industrial enterprises above designated size in China reached 46,929.7 billion yuan from January to August, marking a year-on-year increase of 0.9% [1][4] - In August, profits for these enterprises saw a significant turnaround, growing by 20.4% year-on-year, compared to a decline of 1.5% in July [1][4] - The recovery in profits is attributed to effective macro policies, the deepening of a unified national market, and a low base from the previous year [1][4] Profit Trends - From January to August, the profit decline of industrial enterprises was reversed, with a shift from a 1.7% decrease in the first seven months to a 0.9% increase [4] - Revenue for these enterprises also showed stable growth, with a 2.3% year-on-year increase from January to August, and a 1.9% increase in August alone [4] - Different scales of enterprises saw profit improvements, with private enterprises experiencing a notable profit growth of 3.3%, surpassing the average growth of all industrial enterprises [4][6] Cost and Profitability - In August, the cost per hundred yuan of revenue for industrial enterprises decreased by 0.20 yuan, marking the first year-on-year decline since July 2024 [5] - The profit margin for these enterprises improved to 5.83%, reflecting a year-on-year increase of 0.90 percentage points [5] Sector Performance - The equipment manufacturing sector played a crucial role, with profits growing by 7.2% from January to August, contributing 2.5 percentage points to the overall profit growth of industrial enterprises [6] - Among the eight industries within equipment manufacturing, seven reported profit increases, with notable growth in the railway, shipping, aerospace, and electrical machinery sectors [6][7] - The raw materials manufacturing sector also saw significant profit growth of 22.1%, while the consumer goods manufacturing sector turned from a 2.2% decline to a 1.4% increase in profits [6][7] Future Outlook - The government emphasizes the need to expand domestic demand and further develop a unified national market to support the continuous recovery of industrial enterprise profits [7]

Core Viewpoint - In the first eight months of 2025, the profits of large-scale industrial enterprises in China increased by 0.9% year-on-year, reversing a previous decline, supported by macroeconomic policies and a recovering market environment [5][6]. Group 1: Profit Growth - From January to August 2025, the total profit of large-scale industrial enterprises reached 46,929.7 billion yuan, with a year-on-year increase of 0.9% [6]. - The manufacturing sector saw a profit increase of 7.4%, while the electricity, heat, gas, and water production and supply sector grew by 9.4%. The mining sector, however, experienced a decline of 30.6% [6][7]. - In August alone, profits for large-scale industrial enterprises surged by 20.4%, a significant recovery from a 1.5% decline in July [10]. Group 2: Revenue and Cost Analysis - Revenue for large-scale industrial enterprises grew by 2.3% year-on-year, maintaining stability compared to the previous month [2][6]. - In August, the revenue growth rate accelerated to 1.9%, up by 1.0 percentage points from July [2]. - The cost per 100 yuan of revenue decreased by 0.20 yuan in August, marking the first year-on-year decline since July 2024 [4]. Group 3: Sector Performance - The equipment manufacturing sector was a key driver, with profits increasing by 7.2%, contributing 2.5 percentage points to the overall profit growth of large-scale industrial enterprises [2][3]. - The raw materials manufacturing sector also performed well, with profits rising by 22.1%, significantly boosting overall profits [3]. - Consumer goods manufacturing saw a turnaround, with profits growing by 1.4% after a decline of 2.2% in the previous month [3]. Group 4: Enterprise Size and Type - Profits improved across different enterprise sizes, with medium and small enterprises seeing increases of 2.7% and 1.5%, respectively [4]. - Private enterprises outperformed the average, with a profit growth of 3.3%, which is 2.4 percentage points higher than the overall average [4][6]. - State-owned enterprises experienced a profit decline of 1.7%, although the decline was less severe than in previous months [6].

Core Viewpoint - In the first eight months of 2025, the profits of large-scale industrial enterprises in China increased by 0.9% year-on-year, driven by macroeconomic policies, the deepening of a unified national market, and a low base from the previous year [2][6]. Group 1: Profit Growth - From January to August 2025, the total profit of large-scale industrial enterprises reached 46,929.7 billion yuan, marking a year-on-year increase of 0.9% [6]. - The manufacturing sector saw a profit increase of 7.4%, while the electricity, heat, gas, and water production and supply sector grew by 9.4%. The mining sector, however, experienced a decline of 30.6% [6][7]. - In August alone, profits for large-scale industrial enterprises surged by 20.4%, reversing a 1.5% decline in July [10]. Group 2: Revenue Stability - The operating revenue of large-scale industrial enterprises grew by 2.3% year-on-year from January to August, remaining stable compared to the previous month [3][6]. - In August, the operating revenue increased by 1.9%, which was an acceleration of 1.0 percentage point compared to July [3]. Group 3: Sector Performance - The equipment manufacturing sector played a significant role, with profits increasing by 7.2%, contributing 2.5 percentage points to the overall profit growth of large-scale industrial enterprises [3][4]. - The raw materials manufacturing sector saw a profit increase of 22.1%, while the consumer goods manufacturing sector turned from a 2.2% decline in July to a 1.4% growth in August [4][5]. Group 4: Enterprise Size and Type - Profits improved across different enterprise sizes, with medium and small enterprises seeing increases of 2.7% and 1.5%, respectively. Private enterprises outperformed with a profit growth of 3.3% [5][6]. - State-owned enterprises experienced a profit decline of 1.7%, while joint-stock enterprises saw a profit increase of 1.1% [6]. Group 5: Cost and Profitability - In August, the cost per 100 yuan of operating revenue decreased by 0.20 yuan, marking the first year-on-year decline since July 2024 [5]. - The operating profit margin for large-scale industrial enterprises was 5.83% in August, reflecting a year-on-year increase of 0.90 percentage points [5][9].

Core Insights - The profits of industrial enterprises above designated size have shown a year-on-year increase of 0.9% from January to August, reversing a continuous decline since May [3][6] - In August, profits surged by 20.4% compared to the previous month, indicating a significant recovery in the industrial sector [3][6] Revenue Performance - From January to August, the total revenue of industrial enterprises above designated size grew by 2.3% year-on-year, maintaining the same growth rate as from January to July [5][11] - In August alone, revenue increased by 1.9%, which is an acceleration of 1.0 percentage points compared to July [5] Profitability by Sector - The equipment manufacturing sector has been a key driver, with profits increasing by 7.2% from January to August, contributing 2.5 percentage points to the overall profit growth of industrial enterprises [6] - The manufacturing sector overall saw a profit increase of 7.4%, while the electricity, heat, gas, and water production and supply sector grew by 9.4% [3][6] - The mining sector experienced a decline of 30.6%, although the rate of decline has narrowed by 1.0 percentage points [3] Cost and Profit Margin - In August, the cost per 100 yuan of revenue for industrial enterprises decreased by 0.20 yuan year-on-year, marking the first decline since July 2024 [9] - The profit margin for industrial enterprises in August was 5.83%, an increase of 0.90 percentage points year-on-year [9] Performance by Enterprise Size - Profits for medium and small-sized enterprises increased by 2.7% and 1.5% respectively from January to August, showing improvements compared to the previous month [7] - Private enterprises saw a profit growth of 3.3%, surpassing the average growth rate of all industrial enterprises [7]

人民财讯9月27日电，国家统计局工业司首席统计师于卫宁解读2025年1—8月份工业企业利润数据时表 示，原材料制造业利润增长较快，消费品制造业利润由降转增。受市场需求增加、价格回升、成本有所 下降等因素带动，1—8月份，原材料制造业利润同比增长22.1%，较1—7月份加快10.0个百分点，拉动 全部规模以上工业企业利润增长2.5个百分点。其中，钢铁行业同比扭亏为盈，实现利润总额837.0亿 元；有色行业利润增长12.7%，较1—7月份加快5.8个百分点。1—8月份，消费品制造业利润由1—7月份 下降2.2%转为增长1.4%，其中，酒饮料茶、农副食品等行业利润增速较快，分别为19.9%、11.8%，合 计拉动全部规模以上工业利润增长1.0个百分点。 ...

1—8月份，在宏观政策发力显效、全国统一大市场纵深推进，叠加去年同期低基数等多重因素作用下， 规模以上工业企业利润同比增长0.9%，装备制造业支撑有力，不同规模企业利润均有所改善。 1—8月份规模以上工业企业利润同比实现增长 ——国家统计局工业司首席统计师于卫宁解读2025年1—8月份工业企业利润数据 工业企业利润明显改善。1—8月份，规模以上工业企业利润由1—7月份同比下降1.7%转为增长0.9%， 扭转了自今年5月份以来企业累计利润持续下降态势。从三大门类看，1—8月份，制造业增长7.4%，较 1—7月份加快2.6个百分点；电力、热力、燃气及水生产和供应业增长9.4%，加快5.5个百分点；采矿业 下降30.6%，降幅收窄1.0个百分点。从月度看，8月份规模以上工业企业利润两位数增长，由7月份下降 1.5%转为增长20.4%，工业企业当月利润改善明显。 工业企业营收保持稳定增长。1—8月份，规模以上工业企业营业收入同比增长2.3%，与1—7月份持 平。其中，8月份工业企业营业收入增长1.9%，较7月份加快1.0个百分点，营业收入增长加快，为企业 盈利继续恢复创造有利条件。 下阶段，在外部环境严峻复杂、国内市 ...

国家统计局：8月份，规模以上工业企业利润同比由上月下降1.5%转为增长20.4%。 （文章来源：国家统计局） ...