Core Viewpoint - The industrial enterprise profit growth rate in October has turned negative, indicating a significant decline in profitability compared to the previous month, influenced by revenue fluctuations and rising costs [2][4][18]. Group 1: Profit Data Overview - In October, the profit growth rate for industrial enterprises was -5.5%, a sharp decline from 21.6% in the previous month [2][18]. - The revenue growth rate for October was -3.3%, down from 3.1% in September, highlighting a significant drop in income [4][10]. - The profit margin for October was 5.11%, down from 5.42% in the same month last year, reflecting a decrease of 0.31% [5][18]. Group 2: Revenue and Cost Analysis - The increase in costs was driven by a rise in the expense ratio, which reached 8.46% in October, compared to 8.08% in the same month last year [5][11]. - The decline in revenue was particularly pronounced in the downstream consumption sector, with a revenue growth rate of -13.48% in October [4][10]. - Several industries experienced significant revenue declines, including beverages (-25%), textiles and clothing (-28.4%), and furniture (-22%) [4][10]. Group 3: Industry Performance - The mining sector saw a profit growth rate of -12.04%, while the manufacturing sector's growth rate was -9.2% in October [20]. - The asset growth rate for industrial enterprises was 4.7% in October, which is expected to remain below the GDP growth rate for the year [6][15]. - The equipment manufacturing sector showed a profit growth of 7.8% from January to October, contributing positively to the overall industrial profit [20][21].