Core Insights - In the first nine months of 2025, the total profit of large-scale industrial enterprises in China reached 53,732 billion yuan, reflecting a year-on-year growth of 3.2% [1][4][10] Profit by Ownership Type - State-owned enterprises reported a total profit of 17,021.8 billion yuan, a slight decline of 0.3% year-on-year [1][10] - Joint-stock enterprises achieved a profit of 39,923.5 billion yuan, marking a growth of 2.8% [1][10] - Foreign and Hong Kong, Macao, and Taiwan-invested enterprises saw profits of 13,509.7 billion yuan, up by 4.9% [1][10] - Private enterprises reported a profit of 15,131.7 billion yuan, with a growth of 5.1% [1][10] Profit by Industry - The mining industry experienced a significant profit decline of 29.3%, totaling 6,369.2 billion yuan [1][4][10] - The manufacturing sector saw a profit increase of 9.9%, amounting to 40,671.8 billion yuan [1][4][10] - The electricity, heat, gas, and water production and supply industry reported a profit of 6,691.0 billion yuan, reflecting a growth of 10.3% [1][4][10] Major Industry Performance - Key industries with notable profit growth include: - Electricity and heat production and supply: +14.4% [2] - Non-ferrous metal smelting and rolling: +14.0% [2] - Agricultural and sideline food processing: +12.5% [2] - Computer, communication, and other electronic equipment manufacturing: +12.0% [2] - Industries facing profit declines include: - Coal mining and washing: -51.1% [2] - Oil and gas extraction: -13.3% [2] - Chemical raw materials and products manufacturing: -4.4% [2] - Textile industry: -5.9% [2] Financial Metrics - Total operating revenue for large-scale industrial enterprises reached 1,020,846.7 billion yuan, with a year-on-year growth of 2.4% [4][10] - Operating costs amounted to 873,426.0 billion yuan, increasing by 2.6% [4][10] - The operating profit margin was 5.26%, up by 0.04 percentage points year-on-year [4][10] Balance Sheet Overview - As of the end of September, total assets of large-scale industrial enterprises were 186.27 trillion yuan, a year-on-year increase of 5.0% [5] - Total liabilities reached 107.96 trillion yuan, growing by 5.2% [5] - Owner's equity totaled 78.31 trillion yuan, reflecting a growth of 4.7% [5] - The asset-liability ratio stood at 58.0%, up by 0.1 percentage points year-on-year [5]

Core Insights - In the first seven months of the year, the total profit of industrial enterprises above designated size in China reached 40,203.5 billion yuan, representing a year-on-year decline of 1.7% [1] Group 1: Profit by Ownership Type - State-controlled enterprises reported a total profit of 12,823.4 billion yuan, down 7.5% year-on-year [1] - Shareholding enterprises achieved a total profit of 29,742.5 billion yuan, a decrease of 2.8% [1] - Foreign and Hong Kong, Macao, and Taiwan-invested enterprises saw profits of 10,216.7 billion yuan, an increase of 1.8% [1] - Private enterprises reported profits of 11,183.7 billion yuan, also up by 1.8% [1] Group 2: Profit by Industry - The mining industry experienced a profit of 4,930.9 billion yuan, down 31.6% year-on-year [1] - The manufacturing sector generated profits of 30,235.8 billion yuan, reflecting a growth of 4.8% [1] - The electricity, heat, gas, and water production and supply industry reported profits of 5,036.8 billion yuan, an increase of 3.9% [1] - Specific industries with notable profit changes include: - Agricultural and sideline food processing industry: profit growth of 14.5% [2] - Electrical machinery and equipment manufacturing: profit growth of 11.7% [2] - Non-metallic mineral products industry: profit decline of 5.6% [2] - Coal mining and washing industry: profit decline of 55.2% [2] Group 3: Financial Metrics - In the first seven months, the total operating revenue of industrial enterprises above designated size was 78.07 trillion yuan, a year-on-year increase of 2.3% [2] - Operating costs amounted to 66.80 trillion yuan, up 2.5% [2] - The operating profit margin was 5.15%, a decrease of 0.21 percentage points year-on-year [2] - As of the end of July, total assets of these enterprises reached 183.67 trillion yuan, a year-on-year growth of 4.9% [2] - Total liabilities were 106.26 trillion yuan, increasing by 5.1% [2] - The asset-liability ratio stood at 57.9%, up 0.2 percentage points year-on-year [2] Group 4: Accounts Receivable and Inventory - As of the end of July, accounts receivable totaled 26.84 trillion yuan, a year-on-year increase of 6.8% [3] - Finished goods inventory was 6.67 trillion yuan, up 2.4% [3] - The average collection period for accounts receivable was 69.8 days, an increase of 3.7 days year-on-year [3]

Core Insights - In the first three months of the year, the total profit of large-scale industrial enterprises in the country reached 150.936 billion yuan, reflecting a year-on-year growth of 0.8% [1] Summary by Category - **Profit Performance** - The total profit for large-scale industrial enterprises was reported at 150.936 billion yuan for the period from January to March [1] - This represents a slight increase of 0.8% compared to the same period last year [1]