Group 1 - In July, profits of industrial enterprises above designated size decreased by 1.5% year-on-year, a narrowing of 2.8 percentage points compared to June, indicating a continuous improvement in corporate profitability [1] - The gross profit margin for enterprises turned from a decline of 1.3% in June to a growth of 0.1% in July, supported by continuous revenue growth [1] - In July, the operating income of industrial enterprises above designated size increased by 0.9% year-on-year, with a cumulative growth of 2.3% in the first seven months [1] Group 2 - Manufacturing profits grew rapidly, with a year-on-year increase of 6.8% in July, accelerating by 5.4 percentage points compared to June [1] - The profits of raw material manufacturing turned from a decline of 5.0% in June to a growth of 36.9% in July, with the steel and oil processing industries achieving profits of 18.09 billion and 3.46 billion respectively [1] Group 3 - High-tech manufacturing profits showed significant growth, with a year-on-year increase of 18.9% in July, compared to a decline of 0.9% in June [2] - The aerospace manufacturing industry saw a profit increase of 40.9%, while integrated circuit manufacturing and semiconductor device manufacturing profits grew by 176.1% and 104.5% respectively [2] Group 4 - Profits of small and medium-sized enterprises improved significantly, with medium-sized and small enterprises turning from declines of 7.8% and 9.7% in June to growths of 1.8% and 0.5% in July [3] - Private enterprises experienced a profit growth of 2.6% in July, exceeding the national average for all industrial enterprises by 4.1 percentage points [3]

Group 1: Transportation Investment and Economic Performance - In the first seven months, China's fixed asset investment in transportation reached 1.95 trillion yuan, indicating a continuous recovery in the transportation economy [1] - Port cargo throughput reached 10.44 billion tons, a year-on-year increase of 4.4%, while container throughput grew by 6.2% to 20 million TEUs [1] - The operating freight volume in July was 4.97 billion tons, up 3.4% year-on-year, with a total of 33 billion tons completed from January to July, reflecting a 3.8% increase [2] Group 2: Passenger Flow and Infrastructure Development - Cross-regional passenger flow reached 39.46 billion person-times in the first seven months, a year-on-year increase of 3.9% [2] - Major transportation projects are progressing, with significant investments in infrastructure, including the completion of over 80% of the main works for the Western Land-Sea New Corridor [2] - In July, transportation fixed asset investment was 306.1 billion yuan, maintaining a high level of investment [2] Group 3: Industrial Revenue and Profit Trends - In July, the revenue of large-scale industrial enterprises grew by 0.9% year-on-year, with a cumulative growth of 2.3% from January to July [3] - Manufacturing profits increased by 6.8% in July, significantly contributing to the overall recovery of industrial profits [4] - High-tech manufacturing profits surged by 18.9% in July, with notable growth in aerospace and biopharmaceutical sectors [5] Group 4: Small and Medium Enterprises Performance - Profits of medium and small-sized enterprises improved, with medium-sized enterprises showing a growth of 1.8% and small-sized enterprises a growth of 0.5% in July [6] - Private enterprises outperformed the national average with a profit growth of 2.6% in July [6] - The focus on policy continuity and innovation is expected to further enhance industrial economic development [6]

Group 1 - In July, the revenue of industrial enterprises above designated size increased by 0.9% year-on-year, with total profits reaching 40,203.5 billion yuan from January to July [1] - The manufacturing sector saw a profit increase of 6.8% year-on-year in July, accelerating by 5.4 percentage points compared to June, contributing to a faster overall profit growth for industrial enterprises [1] - High-tech manufacturing played a significant role, with its profit growth accelerating the overall profit growth of industrial enterprises by 2.9 percentage points compared to June [1] Group 2 - The aerospace and equipment manufacturing industry experienced a profit growth of 40.9%, while the integrated circuit manufacturing and semiconductor device manufacturing sectors saw profits increase by 176.1% and 104.5% respectively [1] - The "Two New" policies have shown significant effectiveness, driving profit growth in various sectors, including a 87.9% increase in electronic and electrical machinery manufacturing [2] - Under the consumption upgrade policy, the computer manufacturing sector saw a profit increase of 124.2%, while smart drone manufacturing and household cleaning appliance manufacturing grew by 100.0% and 29.7% respectively [2]

Core Insights - In July, the profits of large-scale industrial enterprises in China decreased by 1.5% year-on-year, but the decline narrowed by 2.8 percentage points compared to June, marking a continuous two-month contraction [1] - High-tech manufacturing profits turned from a 0.9% decline in June to an 18.9% increase in July, significantly contributing to the overall profit recovery of large-scale industrial enterprises [1][2] - The operating income of large-scale industrial enterprises grew by 0.9% year-on-year in July, with a cumulative growth of 2.3% from January to July, creating favorable conditions for profit recovery [1] Industrial Performance - Medium and small enterprises showed significant profit improvement in July, with profits rising by 1.8% and 0.5% respectively, compared to declines of 7.8% and 9.7% in June [2] - Private enterprises experienced a profit increase of 2.6% in July, surpassing the national average by 4.1 percentage points [2] - The gross profit margin for enterprises improved, with a shift from a 1.3% decline in June to a 0.1% increase in July [2] Manufacturing Sector Growth - Manufacturing profits increased by 6.8% year-on-year in July, accelerating by 5.4 percentage points compared to June, contributing significantly to the overall profit recovery [2][3] - The raw materials manufacturing sector saw profits rebound from a 5.0% decline in June to a 36.9% increase in July, with the steel and petroleum processing industries turning profitable [2] - High-tech manufacturing profits surged by 18.9% in July, with notable growth in aerospace (40.9%), integrated circuits (176.1%), and semiconductor devices (104.5%) [2][3] Policy Impact - The implementation of "two new" policies has led to significant profit growth in related industries, with equipment manufacturing sectors experiencing increases of 87.9% and 15.3% [3] - The "old-for-new" policy in consumer goods has driven profits in computer manufacturing and smart drone production to grow by 124.2% and 100.0% respectively [3] - The manufacturing sector is experiencing a divergence in profit growth rates across upstream, midstream, and downstream segments, with upstream raw materials benefiting from price increases and downstream consumer goods seeing reduced profit declines [3]

8月27日，国家统计局发布数据显示，1至7月，全国规模以上工业企业实现营业收入78.07万亿元，同比 增长2.3%，实现利润总额40203.5亿元，同比下降1.7%，降幅较上半年收窄0.1个百分点。7月，规模以 上工业企业利润同比下降1.5%，降幅较6月收窄2.8个百分点，连续两个月收窄。 值得注意的是，中小型企业利润改善明显。7月，规模以上工业中型、小型企业利润分别由6月份下降 7.8%、9.7%转为增长1.8%、0.5%，效益状况改善较为明显。私营企业当月利润增长2.6%，高于全部规 模以上工业企业平均水平4.1个百分点。 "利润方面，尽管7月规模以上工业企业利润同比有所下降，但降幅连续两个月收窄。从结构上分析，制 造业发挥了关键支撑作用。7月制造业利润同比增长，特别是原材料制造业利润实现由降转增，这与大 宗商品价格趋稳、企业成本控制得力以及产业结构调整成效初显有关。同时，高技术制造业利润增长迅 猛，反映出创新驱动正引领我国工业企业向高附加值领域迈进。"唐广华说。 国家统计局工业司统计师于卫宁表示，7月规模以上工业企业效益状况呈现以下特点：一是工业企业营 业收入保持增长，利润降幅连续收窄；二是制造业利润较 ...

Core Insights - In July, the revenue of large-scale industrial enterprises increased by 0.9% year-on-year, while profits decreased by 1.5%, with the decline narrowing by 2.8 percentage points compared to June [1] - Manufacturing profits grew by 6.8% year-on-year in July, accelerating by 5.4 percentage points from June [1][2] - The profit improvement in July indicates structural recovery signals, with certain industries experiencing profit enhancements due to external environment improvements and internal policy support [1][2] Revenue and Profit Trends - From January to July, the revenue of large-scale industrial enterprises increased by 2.3% year-on-year, while profits decreased by 1.7%, with the decline narrowing by 0.1 percentage points compared to the first half of the year [1] - In July, medium and small-sized enterprises showed significant profit improvements, with profits turning from declines of 7.8% and 9.7% in June to increases of 1.8% and 0.5% respectively [1] Sector Performance - Manufacturing sector profits contributed significantly to the recovery of overall industrial profits, with raw material manufacturing profits rebounding from a 5.0% decline in June to a 36.9% increase in July [2] - High-tech manufacturing profits also improved, rising from a 0.9% decline in June to an 18.9% increase in July [2] - The aerospace and semiconductor sectors showed strong profit growth, with aerospace profits increasing by 40.9% and semiconductor-related sectors seeing profits rise by 176.1%, 104.5%, and 27.1% respectively [2] Policy Impact - The "Two New" policies have driven rapid profit growth in related industries, with significant increases in profits for sectors such as electronic and electrical machinery manufacturing [3] - Inventory growth for large-scale industrial enterprises decreased, with finished goods inventory at 6.67 trillion yuan, growing by 2.4%, which is a 0.7 percentage point decline from June [3] - Future expectations indicate a moderate recovery in industrial profits, supported by policy efforts and a return to normalcy in supply and demand [3][4]

Core Insights - In July, the revenue of industrial enterprises above designated size increased by 0.9% year-on-year, while the profit decreased by 1.5%, showing a narrowing decline compared to June [1] - The manufacturing sector saw a profit increase of 6.8% in July, with significant contributions from raw material manufacturing and high-tech manufacturing sectors [2] - The implementation of the "Two New" policies has led to rapid profit growth in related industries, particularly in equipment manufacturing and consumer goods [3] - Small and medium-sized enterprises showed notable profit improvements, with private enterprises outperforming the national average [4] Revenue and Profit Trends - The revenue growth for the first seven months of the year was 2.3%, indicating a favorable condition for profit recovery [1] - The profit decline for the first seven months was reduced by 0.1 percentage points compared to the first half of the year, suggesting a continued improvement in profitability [1] Sector Performance - Raw materials manufacturing profits rebounded from a 5.0% decline in June to a 36.9% increase in July, with steel and petroleum processing industries turning profitable [2] - High-tech manufacturing profits increased by 18.9% in July, contributing significantly to the overall profit growth of industrial enterprises [2] Impact of Policies - The "Two New" policies have shown clear effectiveness, with specific industries like electronic equipment manufacturing experiencing profit growth of 87.9% [3] - The consumer goods sector benefited from trade-in policies, with computer manufacturing profits doubling [3] Small and Medium Enterprises - Medium and small enterprises reported profit growth of 1.8% and 0.5% respectively in July, marking a significant improvement from previous declines [4] - Private enterprises' profits increased by 2.6%, exceeding the average growth rate of all industrial enterprises by 4.1 percentage points [4] Future Outlook - The industrial profit recovery is expected to continue as external uncertainties diminish and market demand stabilizes [4] - Emphasis on policy continuity and innovation is crucial for sustaining industrial economic growth [4]

Core Insights - Shenzhen celebrates its 45th anniversary, marking its continuous commitment to reform and opening up, symbolized by the successful test flight of the third runway at Shenzhen Bao'an International Airport [2][3] Economic Performance - Shenzhen's GDP is projected to grow at an average rate of 5.5% from 2020 to 2024, reaching 3.68 trillion yuan, with a per square kilometer output of 1.84 billion yuan [3] - The city has achieved an impressive average annual compound growth rate of 10.2% in foreign trade over the past five years, surpassing the national average by 2.1 percentage points [3] - In 2024, Shenzhen's total import and export volume is expected to reach 4.5 trillion yuan, solidifying its position as "China's Foreign Trade Capital" [3] Foreign Investment - Over the past five years, Shenzhen has established 33,000 new foreign-invested enterprises, accounting for 14.6% of the national total, with actual foreign investment reaching approximately 40 billion USD [3][4] - The city is expanding its global economic ties, with investments now spanning 147 countries and regions, diversifying from traditional manufacturing to high-tech, finance, and energy sectors [3] Policy and Infrastructure Development - Shenzhen has implemented several initiatives to enhance its international business environment, including the 2025 work plan aimed at attracting global resources and improving competitiveness [5][6] - The city is actively pursuing cross-border infrastructure upgrades and customs reform to facilitate trade, as evidenced by record passenger traffic at border crossings [7] Future Outlook - Shenzhen aims to attract more global capital, enterprises, technologies, and talent, enhancing its role as a modern international metropolis [7][8] - The city is set to deepen its reform and opening-up efforts, focusing on cross-border trade facilitation and the integration of domestic and international markets [6][7]

Employment Overview - The latest data from the Bosnia and Herzegovina Statistics Bureau indicates that the manufacturing, wholesale and retail trade, and motor vehicle and motorcycle repair sectors are the largest employers in Bosnia and Herzegovina [1] - As of June 2025, the total employment in Bosnia and Herzegovina reached 853,300, with female employees accounting for 390,400 [1] - The total employment number showed a month-on-month increase of 0.1%, while the number of female employees remained stable [1] Sector Employment Breakdown - In June 2025, the manufacturing sector employed 160,200 individuals [1] - The wholesale and retail trade, along with motor vehicle and motorcycle repair, employed 158,100 individuals [1] - Public administration, defense, and social security services ranked third with 76,800 employees [1] - The sectors with the least employment were mining and quarrying (14,800), water supply, sewage treatment, and environmental remediation (13,700), and real estate (3,282) [1]

新华财经北京8月27日电（记者安娜）7月份，无论从单月数据还是累计数据来看，全国规模以上工业企 业利润均呈现向好态势，盈利水平持续恢复。 国家统计局8月27日发布的数据显示，7月份，规模以上工业企业利润同比下降1.5%，降幅较6月份收窄 2.8个百分点，连续两个月收窄；1至7月份利润降幅较上半年收窄0.1个百分点。 规上工业企业利润是观察实体经济修复情况的重要参考指标，7月份相关数据缘何向好？ 国务院发展研究中心宏观经济研究部研究员张立群认为，"反内卷"行动和"两新"政策，对于推动7月份 规上工业企业利润数据向好发挥了重要作用。 从7月份PPI（工业生产者出厂价格指数）系列数据来看，煤炭开采和洗选业、黑色金属冶炼和压延加工 业、光伏设备及元器件制造、水泥制造、锂离子电池制造价格环比降幅比上月分别收窄1.9个、1.5个、 0.8个、0.3个和0.1个百分点，合计对PPI环比的下拉影响比上月减少0.14个百分点。 此外，张迪认为，7月份工业生产保持韧性，也是带动企业利润降幅收窄的重要动能。 据国家统计局工业司统计师孙晓介绍，7月份，全国规模以上工业增加值同比增长5.7%，剔除季节因素 后环比增长0.38%；1至7 ...