每经记者｜刘旭强 每经编辑｜杨欢 图片来源：摄图网_700794348 此外，同为东北老工业基地的吉林和辽宁，规上工业增加值增速却呈现截然相反的走向——吉林以8.4%的增速与河南"并排跑"，辽宁则以2.2%的增速居于 全国末位。 眼下是"十四五"收官决胜的关键阶段，全年经济社会发展目标任务进入最后冲刺期。 根据各地最新发布的前三季度经济数据，肉眼可见，全国工业格局正在加速变化。整体上看，有21个省份规上工业增加值增速跑赢了全国"平均 线"（6.2%）。 聚焦经济十强省份，有8个省份规上工业增加值增速高于全国，其中河南以8.4%的增速领跑，湖南以7.8%的增速与山东并列第二，湖北增速7.7%，居于第三 位。 经济十强省份以外，安徽前三季度规上工业增加值同比增长8.8%，位居全国第四。靠着工业高增长，安徽不断缩短与身前省份的经济差距，成为冲击"十 强"的最有力挑战者。 值得一提的是，刚刚发布的国家"十五五"规划建议把"建设现代化产业体系，巩固壮大实体经济根基"摆在战略任务的第一条，提出要"保持制造业合理比 重，构建以先进制造业为骨干的现代化产业体系"。 在此背景下，各省份的产业发展逻辑又将发生怎样的变化？ 求"新 ...

Core Viewpoint - The company, ChaoDa Equipment (301186.SZ), reported significant growth in revenue and net profit for the first three quarters of 2025, indicating strong operational performance and financial health [1]. Financial Performance - The company achieved a revenue of 566 million yuan, representing an increase of 8.50% year-on-year [1]. - The net profit attributable to shareholders reached 110 million yuan, marking a year-on-year increase of 44.17% [1]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 107 million yuan, which is a 42.85% increase compared to the previous year [1]. - The basic earnings per share stood at 1.39 yuan [1].

Core Viewpoint - YTO Express (SH 601038) announced its board meeting held on October 28, 2025, to review the Q3 2025 report, indicating ongoing corporate governance and financial oversight [1] Company Summary - YTO Express's revenue composition for the period from January to December 2024 is entirely from the equipment manufacturing sector, reflecting a focused business model [1] - As of the report, YTO Express has a market capitalization of 14.6 billion yuan [1]

Core Viewpoint - The 18th China-Latin America Entrepreneurs Summit will be held in Zhengzhou on November 3-4, showcasing the city's advantages and its significance for industrial development [1]. Group 1: Zhengzhou's Advantages - Zhengzhou highlights its geographical and transportation advantages as an inland open hub of the "Silk Road," with 33 cargo airlines operating and 45 international cargo routes established, covering over 30 countries and regions [3]. - The city emphasizes its historical and cultural charm, showcasing elements of Yellow River culture and Songshan Kung Fu through exhibitions and performances to engage Latin American guests [3]. - Zhengzhou has developed a robust industrial system with billion-level clusters in new energy vehicles, electronic information, and intelligent equipment, complementing Latin America's agricultural technology and mineral sectors [3]. Group 2: Policy and Cooperation - Zhengzhou is leveraging national platforms like the Free Trade Zone and cross-border e-commerce pilot zones to facilitate trade, including a 240-hour visa-free transit policy [4]. - The city has established a strong foundation for cooperation with Latin America, having signed projects worth over 12 billion yuan with Brazil and Chile, and hosting over 70 Latin American institutions at the summit [4]. Group 3: Significance of the Summit - The summit is expected to help local enterprises expand internationally, providing a platform for collaboration in agricultural products, new energy buses, and intelligent equipment [4]. - It aims to attract Latin American resources to Zhengzhou, with participants exploring local companies and potential partnerships in cold chain logistics and agricultural technology [4].

Core Insights - Shandong's GDP for the first three quarters of 2023 reached 77,115 billion yuan, reflecting a growth of 5.6% at constant prices, indicating a stable and improving economic performance [1][4][6] Economic Drivers - The "three driving forces" of consumption, investment, and exports showed stable and increasing trends, with retail sales totaling 30,386.1 billion yuan, also growing by 5.6% [2] - Fixed asset investment decreased by 3.7%, but manufacturing investment rose by 3.6%, with industrial investment growing by 7.7%, highlighting the resilience of Shandong's economy [2] - Total goods import and export volume reached 2.62 trillion yuan, growing by 5.5%, indicating an ongoing improvement in trade structure [2] Sector Performance - The agricultural sector remained stable with a total output value growth of 4.3%, while industrial production saw a significant increase with a 7.8% growth in value added for large-scale industries [3] - Key industries such as equipment manufacturing, automotive, and electronics showed robust growth, with value added increasing by 12.0%, 17.0%, and 16.6% respectively [3] - The service sector also performed well, with revenue from large-scale service industries growing by 5.4% from January to August [3] Future Outlook - Shandong is on track to exceed the 10 trillion yuan GDP milestone, with a projected GDP of 98,565.8 billion yuan for 2024, marking a growth of 5.7% [5] - The province aims to achieve a GDP growth of over 5% this year, aligning with the goals set in the "14th Five-Year Plan" [4][6] - The economic performance in the first three quarters lays a solid foundation for the successful completion of the "14th Five-Year Plan" [6]

Core Viewpoint - The Taiyuan Heavy Machinery Group (THMG) is showcasing its innovative achievements during the "14th Five-Year Plan" period at a product launch event, marking its strategic advancement towards the "15th Five-Year Plan" goals [1] Industry Development - Shanxi Province has prioritized the equipment manufacturing industry as a key focus, leading to the emergence of major enterprises like THMG and China CRRC Dalian Electric Locomotive Co., Ltd. [2] - THMG has established itself as a dual-chain leader in high-end equipment manufacturing and wind power equipment, being one of only three global companies capable of independently designing and manufacturing large mining excavators [2] Product Innovation and Strategy - THMG aims to build a modernized product system and governance structure, focusing on precision, internationalization, high-end, and intelligence [3] - The company has developed a comprehensive intelligent equipment supply system for open-pit mining, which has become an industry standard [2][3] - THMG is actively expanding into electric and hydrogen-powered machinery, enhancing its product lines and industry boundaries [2] Technological Advancements - THMG has launched the world's first 5G remote-operated mining excavator and has made significant advancements in the intelligent transformation of large equipment [4] - The company has successfully broken foreign monopolies in several high-end equipment sectors, achieving breakthroughs in key technologies [4] Research and Development - THMG is focusing on special industrial robots, new energy storage equipment, and deep resource exploration technologies to maintain a competitive edge [5] - The company has established multiple technology R&D platforms and has been involved in national key R&D projects, accumulating numerous patents and awards [6] Service and Solutions - THMG emphasizes a service-oriented approach, ensuring that its service capabilities are integrated throughout the entire business chain [6] - The recent product launch included a comprehensive solution for open-pit mining, covering the entire operational process and lifecycle management of equipment [6]

Economic Overview - Shandong's GDP for the first three quarters reached 77,115 billion yuan, with a year-on-year growth of 5.6% at constant prices [2] - The economic performance is characterized by a steady and positive trend, supported by macroeconomic policies and a focus on high-quality development [2] Industrial Performance - The industrial added value for large-scale enterprises grew by 7.8%, an increase of 0.1 percentage points compared to the first half of the year [2] - The manufacturing sector saw a significant increase of 8.9%, with the equipment manufacturing industry growing by 12.0%, contributing 3.0 percentage points to the overall industrial growth [2] - Key industries such as automotive, railway, and electronics reported substantial growth rates of 17.0%, 14.9%, and 16.6% respectively [2] Service Sector - The revenue of large-scale service industries increased by 5.4% from January to August, with 28 out of 32 major industry categories experiencing growth [3] - Notable growth was observed in entertainment, public facilities management, and business services, with revenue growth rates of 19.4%, 18.9%, and 16.9% respectively [3] Consumer Market - The total retail sales of consumer goods reached 30,386.1 billion yuan, growing by 5.6% in the first three quarters [3] - Online retail sales of physical goods increased by 17.1%, significantly outpacing the overall retail sales growth [3] Investment Trends - Industrial investment grew by 7.7%, surpassing the overall investment growth rate by 11.4 percentage points, contributing to a 3.1% increase in total investment [3] - Specific sectors such as specialized equipment manufacturing, metal products, and general equipment manufacturing saw investment growth rates of 10.3%, 21.9%, and 29.5% respectively [3] Trade and Employment - The total import and export value reached 2.62 trillion yuan, with a growth rate of 5.5% [4] - The employment situation remained stable, with urban employment increasing by 105.9 thousand, and per capita disposable income rising to 33,826 yuan, reflecting a nominal growth of 5.0% [4]

10月27日，第六届海峡两岸（陕西）经贸科技合作大会在西安开幕。 许舒博表示，陕台在经贸、旅游、文化、科技等产业保持着长期而广泛的合作，逐渐在农业、旅 游、新能源、跨境电商及贸易物流等领域形成特色交流。我们愿意继续扮演两岸企业对接的平台与桥 梁，推动台湾企业与陕西本地优势产业开展交流合作。 李政宏说，台商台企是大陆经济腾飞的见证者，更是两岸经济高度融合发展的践行者与受益者，陕 台两地的经贸合作与密切交流，不仅渊源深、层面广，更早已跨越时间与空间，成为体现两岸融合发展 的缩影。 本届海峡两岸（陕西）经贸科技合作大会聚焦我省重点产业链举办开幕式暨陕台经贸合作推介会、 两岸半导体产业科技创新研讨会、汽车产业生态大会、台湾青年创新创业交流会等11场活动。（记者： 郑斐） 赵刚在致辞中说，和平发展、交流合作是两岸同胞的共同心声和热切期盼。陕台两地虽然相隔千 里，但互补优势明显、合作基础深厚，双方在半导体、现代农业、装备制造等领域合作日益深化，结出 累累硕果。本届大会以"加快开放平台建设，促进陕台融合发展"为主题，必将为陕台两地深化经贸科技 合作带来新机遇、注入新动能。当前，陕西正深入学习贯彻习近平总书记历次来陕考察重要 ...

Group 1 - The total electricity consumption in China reached a historical high of 7.77 trillion kilowatt-hours in the first three quarters, with year-on-year growth rates of 2.5%, 4.9%, and 6.1% respectively, indicating a steady economic performance [1][3] - The production of major energy products, including coal, oil, gas, and electricity, has maintained growth, with clean energy generation accounting for 35.3% of total electricity generation, an increase of 1.9 percentage points from the previous year [3][4] - The second industry saw a significant increase in electricity consumption, contributing 51% to the overall growth in electricity consumption, with a year-on-year increase of 5.1% in the third quarter [12][14] Group 2 - The internet and related services sector experienced a remarkable year-on-year electricity consumption growth of 33.8%, highlighting the rapid development of the digital economy [7] - In Gansu's Qingyang, the "East Data West Calculation" project has led to a significant increase in electricity consumption related to computing, with local electricity consumption structure undergoing changes [9][11] - High-tech and equipment manufacturing sectors showed robust growth, with a year-on-year increase of 9.5% in electricity consumption in the third quarter, driven by automotive manufacturing and electrical machinery sectors [16]

Core Insights - In September, profits of industrial enterprises above designated size increased by 21.6% year-on-year, accelerating by 1.2 percentage points compared to August, marking two consecutive months of growth exceeding 20% [1] - From January to September, profits grew by 3.2% year-on-year, the highest cumulative growth rate since August of the previous year, and accelerated by 2.3 percentage points compared to the first eight months of the year [1] - The recovery in industrial profits is primarily driven by low base effects, unexpected production increases, and price recoveries [1][3] Profit Growth Analysis - In the first nine months, 23 out of 41 major industrial sectors saw profit growth, with 30 sectors experiencing growth in September, representing a growth rate of 73.2% [2] - The recovery is characterized by simultaneous increases in volume and price, improved profit margins, and proactive inventory replenishment [2] - Profit distribution has shifted towards upstream industries, with significant recovery in raw materials and equipment manufacturing, while downstream consumer manufacturing has seen a slowdown in profit growth [2] Company Size and Type Performance - Profits improved across all enterprise sizes, with private and foreign-invested enterprises showing notable acceleration [2] - Large, medium, and small enterprises saw year-on-year profit growth of 2.5%, 5.3%, and 2.7% respectively, with improvements of 2.6, 2.6, and 1.2 percentage points compared to the first eight months [2] - Private enterprises and foreign-invested enterprises reported profit growth of 5.1% and 4.9%, respectively, with increases of 1.8 and 4.0 percentage points compared to the previous period [2] Profit Margin and Revenue Trends - In September, the profit margin for industrial enterprises was 5.46%, an increase of 0.7 percentage points year-on-year, while the revenue profit margin for the first nine months was 5.26%, up by 0.02 percentage points compared to the first eight months [3] - The Producer Price Index (PPI) showed a year-on-year increase from -2.9% to -2.3%, indicating a stabilization after previous declines [3] - The industrial added value growth rate rose to 6.5% in September, up from 5.2% in August, reflecting accelerated production activities [3] Future Outlook - The National Bureau of Statistics anticipates that industrial profits will continue to recover, supported by policies aimed at expanding domestic demand and enhancing the domestic economic cycle [4] - The macro research team at Galaxy Securities suggests that if demand continues to improve, industrial profits are likely to maintain an upward trend, although external demand fluctuations and cost pressures may introduce uncertainties [4][5] - Key areas to monitor include the pace of domestic demand expansion policies and the impact of external demand and geopolitical risks on industrial profits [5]