Group 1 - In the first eight months of the year, the total profit of industrial enterprises above designated size reached 46,929.7 billion yuan, a year-on-year increase of 0.9%, while operating income was 89.62 trillion yuan, up 2.3% [1] - The profit of the equipment manufacturing industry increased by 7.2%, significantly supporting the recovery of profits in industrial enterprises, with rapid profit growth in the railway, shipbuilding, aerospace, and electrical machinery sectors, achieving growth rates of 37.3% and 11.5% respectively [3] - In August, the profit of industrial enterprises turned from a decline in July to a growth of 20.4%, with operating income increasing by 1.9%, accelerating by 1.0 percentage points compared to July [4] Group 2 - The profit of the raw materials manufacturing industry increased by 22.1% year-on-year, accelerating by 10 percentage points compared to the first seven months, with the steel industry turning profitable with a total profit of 83.7 billion yuan, and the non-ferrous industry profit growing by 12.7%, accelerating by 5.8 percentage points [6] - Experts indicate that in the next phase, it is essential to further expand domestic demand and promote the construction of a unified national market to create favorable conditions for the sustained recovery of industrial enterprise profits [8]

积极信号！ 9月27日，国家统计局公布数据显示，8月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%， 受此带动，1—8月累计，这一指标同比由上月下降1.7%转为增长0.9%。国家统计局表示，这是宏观政 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。 从分项来看，8月份，规模以上工业企业单位成本下降，营收利润率回升。原材料制造业利润增长较 快，消费品制造业利润由降转增，装备制造业"压舱石"作用明显。与今年前期不同，此次公布的数据显 示，不同规模企业利润均有改善。 扭转了自今年5月份以来持续下降态势 "工业企业利润明显改善。"国家统计局工业司首席统计师于卫宁表示，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。 数据显示，1—8月份，规模以上装备制造业利润增长7.2%，拉动全部规模以上工业企业利润增长2.5个 百分点，是拉动作用最强的板块之一。 于卫宁表示，装备制造业"压舱石"作用明显。从行业看，在装备制造业的8个行业中有7个行业利润实现 增长，其中，铁路船舶航空航天、电气机械行业利润增长较快，增 ...

Core Insights - The overall profit of industrial enterprises in China has shown signs of improvement, with a year-on-year decline of 6.7% in July, which is a narrowing of 1.6 percentage points compared to June [1][2] - From January to July, the cumulative profit of industrial enterprises decreased by 15.5%, with a reduction of 1.3 percentage points compared to the first half of the year [1][2] Group 1: Profit Improvement - In July, the operating revenue of industrial enterprises decreased by 1.4% year-on-year, which is an improvement of 1.9 percentage points from June [2] - The profit decline for state-owned enterprises narrowed by 0.7 percentage points, while private and foreign-invested enterprises saw declines narrow by 2.8 and 0.4 percentage points, respectively [2] Group 2: Cost Reduction - For the first time this year, the unit cost of industrial enterprises decreased year-on-year, with costs at 85.15 yuan per 100 yuan of revenue, down by 0.55 yuan [3] - The reduction in costs is attributed to lower prices of bulk commodities and reduced raw material cost pressures in downstream industries [3] Group 3: Sector Performance - Among 41 industrial sectors, 13 reported profit growth, with the equipment manufacturing sector showing stable growth, achieving a profit increase of 1.7% from January to July [4] - The electrical machinery sector saw a profit increase of 33.7%, driven by products like photovoltaic equipment and lithium-ion batteries [4] - The profits of the raw materials manufacturing sector decreased by 7.7% in July, but this decline was significantly less than in June, with a reduction of 29.6 percentage points [4][5] Group 4: Electricity and Utilities Sector - The profit of the electricity, heat, gas, and water production and supply sector grew by 38.0% from January to July, with a notable increase in profit growth rate compared to the first half of the year [5] - The electricity sector alone experienced a profit growth of 51.2%, benefiting from increased power supply during peak summer demand [5]