Core Viewpoint - In June, the profits of industrial enterprises above designated size decreased by 4.3% year-on-year, but the decline narrowed significantly compared to May, indicating a potential recovery in profitability driven by revenue growth and supportive policies [1][3]. Group 1: Profit Trends - In June, the total profit of industrial enterprises reached 715.58 billion yuan, with a year-on-year decline of 4.3%, which is a reduction of 4.8 percentage points from May [3]. - The revenue of industrial enterprises continued to grow, with a 1.0% year-on-year increase in June, maintaining the same growth rate as in May. Cumulatively, from January to June, revenue grew by 2.5% [4]. Group 2: Industry Contributions - The equipment manufacturing industry played a significant role in supporting the overall profit growth of industrial enterprises, contributing 3.8 percentage points to the total profit increase in June, with its revenue growing by 7.0% year-on-year [6][8]. - Among the eight sectors in equipment manufacturing, four sectors reported profit growth, with the automotive sector experiencing a remarkable profit increase of 96.8% due to promotional activities and investment returns [7][8]. Group 3: Policy Impact - The "Two New" policy, which promotes large-scale equipment updates and the replacement of old consumer goods, has shown significant effects, leading to notable profit improvements in related industries [11][12]. - The implementation of the "Two New" policy is expected to support around 300 billion yuan in special bonds to stimulate effective investment and consumer demand [12][14].