■朱宝琛 4月25日召开的中共中央政治局会议提出，培育壮大新质生产力，打造一批新兴支柱产业。 当前，我国新质生产力展现出蓬勃向上的力量，成为拉动经济增长的重要动力。诸多亮眼数据有力印证 了这一点。 国家统计局公布的数据显示，今年一季度，高技术制造业增加值同比增长9.7%，高于全部规上工业平 均水平3.2个百分点。 根据国家税务总局公布的增值税发票数据，今年一季度，我国高技术产业销售收入同比增长13.4%，数 字产品制造业、数字技术应用业销售收入同比分别增长12%和11.6%，科研技术服务业、信息技术服务 业销售收入同比分别增长19.6%和11.4%。 其次，科技创新企业要全方位发力，推动新质生产力快速发展。 一方面，企业要充分发挥创新主体作用，持续引领产品创新与业务拓展，加大研发投入，全力攻克关键 核心技术，这是科技创新企业立足市场的根本和发展的关键。头部企业需要扮演好"领头羊"角色，通过 产业链的带动效应，与上下游企业携手发展，共同推动新质生产力不断壮大。 另一方面，企业要进一步促进产融结合，推动产业转型升级，提高生产效率、产品质量和资源利用效 率，提升产业整体竞争力；构建"产学研用"协同创新机制，加速科技 ...

0:00 南方财经全媒体记者 李依农 上海报道 时隔7个月规上工业利润重回正增长 时隔7个月，全国规模以上工业企业累计利润重回正增长。 4月27日，国家统计局公布数据显示，1—3月份，全国规模以上工业企业实现利润总额15093.6亿元，同 比增长0.8%。3月份，规模以上工业企业利润由1—2月份下降0.3%转为增长2.6%，企业当月利润也有所 改善。 如何解读这份数据？在当前外部环境仍然复杂的背景下，工业企业利润增速出现回升，主要体现出哪些 积极变化？后续能否延续改善态势？一起来听听财信金控首席经济学家伍超明的分析。 微观主体信心有所恢复 伍超明：一季度规上工业企业利润由降转增、全面回升，取得良好开局，但企业经营仍面临不少困难与 挑战。主要可以从四个方面来看。 一是量与利润率的改善是工业企业利润增速由负转正的主因。今年以来"抢出口效应"和"两新""两重"政 策的托举支撑了两大因素的改善。 二是制造业尤其是高技术制造业成为拉动利润增长的重要力量。一季度规上制造业利润同比增长 7.6%，高出全部工业6.8个百分点；高技术制造业利润增速由1-2月份的-5.8%提高到3月份的3.8%，是重 要边际拉动力量。 三是微观 ...

Group 1: Industrial Profit Trends - In Q1 2025, industrial enterprises achieved a total profit of CNY 15,093.6 billion, a year-on-year increase of 0.8%[1] - The profit growth rate shifted from decline to increase, primarily driven by the "Two New" policies[1] - The equipment manufacturing and high-tech manufacturing sectors significantly contributed to profit growth, with equipment manufacturing profits rising by 6.4%[3] Group 2: Price and Cost Dynamics - In March 2025, the national industrial producer price index decreased by 2.5% year-on-year, exerting pressure on profit growth[2] - The revenue profit margin for industrial enterprises was 4.7% in Q1 2025, indicating room for improvement, especially in the manufacturing sector with a margin of approximately 3.91%[2] - The industrial capacity utilization rate was 74.1%, showing a seasonal decline compared to Q4 2024, leading to a slight increase in unit costs[2] Group 3: Policy Impact and Future Outlook - The "Two New" policies are expected to continue supporting profit recovery, although price adjustments are still needed[1] - The U.S. tariff war is estimated to impact industrial profits minimally, accounting for about CNY 2,000 billion or 2.7% of total profits in 2024[4] - Demand-side recovery is anticipated to strengthen in the second half of 2025, potentially leading to improved profit margins for industrial enterprises[5]

Domestic News - The State Administration for Market Regulation emphasized that parties involved in the sale of overseas ports by CK Hutchison must not evade antitrust reviews and cannot implement the concentration before approval, or they will face legal consequences [1] - The Ministry of Commerce and six other departments announced an increase in the cash tax refund limit to 20,000 RMB to optimize the outbound tax refund policy and expand inbound consumption [1] - In the first quarter of 2025, the total profit of industrial enterprises above designated size in China reached 1,509.36 billion RMB, reflecting a year-on-year growth of 0.8% [2][3] Industrial Sector - The profit of state-controlled enterprises decreased by 1.4% year-on-year to 559.95 billion RMB, while profits of joint-stock enterprises grew by 0.1% to 1,110.15 billion RMB, foreign and Hong Kong-Macau-Taiwan invested enterprises saw a profit increase of 2.8% to 388.35 billion RMB, and private enterprises experienced a slight decline of 0.3% to 370.97 billion RMB [2] - The profit growth in the first quarter of 2025 marked a recovery from a 3.3% decline in the previous year, with equipment manufacturing and high-tech manufacturing being significant contributors, showing profit increases of 6.4% and a turnaround from a 5.8% decline to a 3.5% growth, respectively [3] Aviation Industry - The civil aviation industry in China recorded a total passenger transport volume of 190 million in the first quarter, representing a year-on-year increase of 4.9% [4] Digital Skills Development - A plan was issued to enhance digital literacy and skills across the population by 2025, aiming for significant improvements in digital resource supply, talent development, and narrowing the digital skills gap [4]

一季度东莞服务业发展平稳，物流行业增势良好。全市服务业增加值同比增长3.9%。从营收情况看，1 —2月，全市规模以上服务业营业收入454.64亿元，同比增长2.6%。其中，多式联运和运输代理业同比 增长26.4%。一季度，邮政、电信、快递行业发展形势向好，业务量分别同比增长52.0%、8.7%、 23.8%。 外贸方面，一季度东莞外贸进出口保持较快增长。全市外贸进出口总额3563.5亿元，同比增长21.2%， 增速比上年全年提高12.9个百分点。其中，出口2143.5亿元，同比增长12.9%，增速比上年全年提高7.7 个百分点；进口1420.1亿元，同比增长36.5%，增速比上年全年提高22个百分点。 4月25日，东莞市统计局发布了2025年第一季度东莞经济运行情况。根据广东省地区生产总值统一核算 结果，2025年一季度，东莞市地区生产总值2981.58亿元，同比增长5.3%。东莞市统计局方面表示，一 季度，东莞生产供给增长稳定，消费市场回暖明显，进出口增长较快，全市经济运行整体开局良好。 工业生产稳步增长，新动能产业发展向好。一季度，东莞规模以上工业增加值同比增长6.9%。分行业 看，主导产业较快增长，电子 ...

利润增速有所回升，但改善基础有待夯实。 3月利润增速录得2.6%，较上月上行约3个百分点，主因基数走低 推动，环比增速也低于近五年中位数，结合工企产销率续创历年同期新低，指向利润改善基础有待夯实。 分 企业类型来看 ，私营和股份制企业利润改善明显，国企和外商企业均有回落。 从两年平均增速来看 ，仅私营 报 告 正 文 3 月收入、利润增速双双回升。 2025 年 3 月，规上工企营业收入录得 4.2% ，较上月有所回升。工企利 润增速录得 2.6% ，较上月上行约 3 个百分点，主因基数走低推动，环比增速也低于近五年中位数，结 合工企产销率续创历年同期新低，指向利润改善基础有待夯实。从 工企利润 的构成 来看， 3 月工企的 营收增速有所回升，主因当月 生产大幅改善 。 同时 营收利润率 增速略有上升，共同带动 本月利润增速 上行 。本月成本费用较上月微升， 利润率增速上行或受到春节前置的一定扰动。 往后看 ， 随着外部冲 击影响逐渐显现，叠加去年同期基数走高 ， 利润或将再度承压 ， 静待稳增长政策进一步加码显效 。 此外，有三点值得关注。 一是企业经营压力仍较高 。工企产销率续创近十年来同期新低，而同时其 ...

4月27日，国家统计局公布一季度全国规模以上工业企业利润（以下简称规上工业企业利润）。 盘和林表示，二季度工业企业要延续利润增长势头需要解决两个问题：一是出口需要经历关税摩擦的考验，二是内需市场能否在高基数基础上再度提振。 数据显示，一季度工业企业利润扭转了自上年三季度以来企业累计利润持续下降的态势。3月份，规模以上工业企业利润由1~2月份下降0.3%转为增长 2.6%，企业当月利润有所改善。 《每日经济新闻》记者注意到，3月份高技术制造业利润增速达14.3%，拉动当月全部规模以上工业企业利润增长2.8个百分点，成为工业高质量发展的重要 动力。 消费品以旧换新政策加力扩围效果明显 一季度，全国规模以上工业企业利润由上年全年同比下降3.3%转为增长0.8%，扭转了自上年三季度以来企业累计利润持续下降的态势。营业收入方面，一 季度同比增长3.4%，增速较1~2月份加快0.6个百分点。 国家统计局工业司统计师于卫宁在解读数据时表示，一季度工业生产增长加快，带动工业企业营收继续改善。工业企业营收累计增速自上年12月份以来持续 加快，为企业盈利恢复创造有利条件。 于卫宁介绍，在大规模设备更新相关政策带动下，专用设备、通 ...

Core Insights - National scale industrial enterprises in China achieved a total profit of 15,093.6 billion yuan in the first quarter, marking a year-on-year increase of 0.8% [1] - The profit growth in March was 2.6%, reversing a decline of 0.3% in January-February, indicating an improvement in corporate profits [1] - The overall industrial profit trend shifted from a 3.3% decline in the previous year to a positive growth of 0.8% in the first quarter, ending a continuous decline since the third quarter of the previous year [1] Group 1: Profit by Industry - In the first quarter, the mining industry reported a total profit of 2,204.4 billion yuan, a year-on-year decrease of 25.5% [3] - The manufacturing sector achieved a profit of 10,826.4 billion yuan, reflecting a growth of 7.6% [3] - The electricity, heat, gas, and water production and supply sector saw profits of 2,062.8 billion yuan, increasing by 5.4% [3] Group 2: Sector Performance - Out of 41 major industrial categories, 24 experienced year-on-year profit growth, indicating a growth rate of nearly 60% [3] - The equipment manufacturing sector emerged as a significant contributor to profit growth, with a 6.4% increase in profits, accounting for 32.0% of total profits among large-scale industrial enterprises [3] - The contribution of the equipment manufacturing sector to overall profit growth was 2.0 percentage points, showing an increase in its impact compared to earlier months [3] Group 3: Policy Impact - The "two new" policies significantly boosted profits, with specialized and general equipment industries seeing profit increases of 14.2% and 9.5%, respectively, surpassing the average industrial profit growth [4] - Specific sectors such as electronic and electrical machinery manufacturing experienced rapid profit growth rates of 56.3% and 24.6% [4] - The consumer goods sector benefited from policies promoting the replacement of old products, with industries like wearable smart devices and kitchen appliances seeing profit increases of 78.8% and 21.7% [4] Group 4: Financial Metrics - The profit margin for large-scale industrial enterprises was 4.70% in the first quarter, a decrease of 0.12 percentage points year-on-year [5] - As of the end of March, accounts receivable for large-scale industrial enterprises totaled 25.59 trillion yuan, a year-on-year increase of 9.9% [6] - The average collection period for accounts receivable increased to 70.9 days, reflecting a rise of 4.0 days year-on-year [6]

一季度规模以上工业企业利润由降转增 ——国家统计局工业司统计师于卫宁解读2025年1—3月份工业企业利润数据 一季度，各地区各部门认真贯彻落实党中央、国务院决策部署，着力打好宏观政策"组合拳"，政策效应 持续释放，带动工业企业利润由降转增，装备制造业、高技术制造业利润支撑作用明显，工业经济发展 质效持续提升。 工业企业利润由降转增。一季度，全国规模以上工业企业利润由上年全年同比下降3.3%转为增长 0.8%，扭转了自上年三季度以来企业累计利润持续下降的态势。3月份，规模以上工业企业利润由1—2 月份下降0.3%转为增长2.6%，企业当月利润有所改善。 工业企业营收增长持续加快。随着工业生产增长加快，带动工业企业营收继续改善。一季度，全国规模 以上工业企业营业收入同比增长3.4%，增速较1—2月份加快0.6个百分点；3月份，规模以上工业企业营 收增长4.2%，较1—2月份加快1.4个百分点。工业企业营收累计增速自上年12月份以来持续加快，为企 业盈利恢复创造有利条件。 近六成行业利润实现增长，制造业改善明显。一季度，在41个工业大类行业中，有24个行业利润同比增 长，增长面近六成；有24个行业利润增速较1—2月 ...

一季度全国规模以上工业企业利润由去年全年下降3.3%转为增长0.8%，其中装备制造业和高技术制造 业成为重要支撑。装备制造业利润同比增长6.4%，高技术制造业利润则由下降5.8%转为增长3.5%。此 外，受"两新"政策影响，专用设备和通用设备行业利润大幅增长。尽管外部环境复杂，但宏观政策效果 显现，工业经济持续恢复。(国家统计局) ...