从三大门类看，于卫宁表示，1—11月份，制造业增长5.0%；电力、热力、燃气及水生产和供应业增长8.4%；采矿业下降27.2%，降幅较1—10月份收窄0.6 个百分点。 1—11月份，装备制造业利润带动作用明显。于卫宁表示，1—11月份，规模以上装备制造业利润同比增长7.7%，拉动全部规模以上工业企业利润增长2.8 个百分点，是对规模以上工业企业利润增长拉动作用最强的板块。 从行业看，装备制造业的8个大类行业中有7个行业利润实现同比增长，其中，铁路船舶航空航天、电子行业利润两位数增长，增速分别达27.8%、 15.0%；汽车行业利润增长7.5%，较1—10月份加快3.1个百分点；通用设备、专用设备、电气机械行业利润继续增长，增速分别为4.8%、4.6%、4.2%。 国家统计局12月27日发布数据显示，1—11月份，全国规模以上工业企业实现利润总额66268.6亿元，同比增长0.1%，自今年8月份以来累计增速连续四个 月保持增长。1—11月份，规模以上工业企业营业收入同比增长1.6%。 图片来源：国家统计局 国家统计局工业司首席统计师于卫宁表示，1—11月份，规模以上工业企业利润增速有所回落，但仍然延续8月份以 ...

Core Insights - The profit of industrial enterprises above designated size increased by 0.1% year-on-year in the first 11 months, maintaining a growth trend for four consecutive months since August [1] - The manufacturing sector grew by 5.0%, while the electricity, heat, gas, and water production and supply sector grew by 8.4%. However, the mining sector saw a decline of 27.2% [1] - The revenue of industrial enterprises above designated size increased by 1.6% year-on-year [1] Group 1: Equipment Manufacturing - The profit of the equipment manufacturing sector increased by 7.7% year-on-year, contributing 2.8 percentage points to the overall profit growth of industrial enterprises [2] - Seven out of eight major categories in the equipment manufacturing sector reported profit growth, with the railway, shipbuilding, and aerospace industries seeing profits grow by 27.8% and 15.0% respectively [2] - The automotive industry experienced a profit increase of 7.5%, accelerating by 3.1 percentage points compared to the previous ten months [2] Group 2: High-Tech Manufacturing - The profit of high-tech manufacturing increased by 10.0% year-on-year, outpacing the average growth of all industrial enterprises by 9.9 percentage points [3] - The "Artificial Intelligence+" initiative positively impacted related equipment manufacturing, with profits in the semiconductor equipment sector growing by 97.2% and electronic components by 46.0% [3] - The aerospace industry also saw significant profit growth, with aerospace equipment manufacturing profits increasing by 13.3%, including a 192.9% increase in space-related equipment manufacturing [3] Group 3: Raw Materials Manufacturing - The profit of the raw materials manufacturing sector grew by 16.6% year-on-year, contributing 2.0 percentage points to the overall profit growth of industrial enterprises [4] - The steel industry showed significant improvement in profitability, aided by low base effects, while the non-ferrous metals sector maintained double-digit profit growth due to increased market demand [4] - Overall, the profit growth trend of industrial enterprises is supported by new industrial dynamics, although challenges remain in the transition from old to new growth drivers [4]

国家统计局27日发布数据显示，1-11月份，我国规模以上工业企业利润增速有所回落，但仍然延续8月 份以来的增长态势，以装备制造业、高技术制造业为代表的新动能行业保持较快增长，工业经济转型升 级有序推进。跟随海报，一起了解。 权威持恒 高技术制造业利润 增速加快 1—11月份 规模以上高技术制造业利润 同比增长10.0% 较1至10月份加快2。0个百分点 增速高于全部规模以上工业平均水平 9.9个百分点 工业企业利润和营业收入 保持增长 1—11月份 规模以上工业企业利润 同比增长0.1% 自今年8月份以来 ẩ 什噜 蜜៍ 四个月保持增长 装备制造业利润 带动作用明显 1—11月份 规模以上装备制造业利润 同比增长7.7% 拉动全部规模以上工业企业制润 增长2.8个百分点 双 同不可 2 57 57 50 策划：令伟家 【纠错】 【责任编辑:王萌萌】 统筹：杨侠 制作：缪异星 ...

Group 1 - The core viewpoint is that the support of new industrial momentum is becoming increasingly evident, with industrial profits showing a slight increase despite a slowdown in growth rate [1] - From January to November, the total profit of industrial enterprises above designated size reached 66,268.6 billion yuan, a year-on-year increase of 0.1%, maintaining growth for four consecutive months [1][2] - High-tech manufacturing profits grew by 10.0% year-on-year, accelerating by 2.0 percentage points compared to the previous period, significantly outpacing the average growth of all industrial enterprises [2] Group 2 - The equipment manufacturing sector played a crucial role, with profits increasing by 7.7% year-on-year, contributing 2.8 percentage points to the overall profit growth of industrial enterprises [3] - Among the eight major categories in the equipment manufacturing sector, seven achieved year-on-year profit growth, with notable performances in the railway, shipbuilding, aerospace, and electronics industries [3] - The automotive industry also showed steady profit growth of 7.5%, with an acceleration of 3.1 percentage points compared to the previous period, indicating positive recovery signals [3] Group 3 - The raw materials manufacturing sector saw a significant profit increase of 16.6% year-on-year, contributing 2.0 percentage points to the overall profit growth of industrial enterprises [4] - The steel industry has shown marked improvement in profitability this year, driven by increased market demand and rapid revenue growth in the non-ferrous sector [4] - In 2025, the steel industry is expected to experience distinct phase fluctuations, with improved profitability compared to 2024, supported by falling coal prices and unexpected export growth [5]

工业新动能的支撑作用进一步显现。 高技术制造业利润累计增速加快 数据显示，1—11月份，全国规模以上工业企业实现利润总额同比增长0.1%，连续4个月保持增长。 12 月 27 日，国家统计局公布数据显示， 1 — 11 月份，全国规模以上工业企业实现利润总额 66268.6 亿元，同比增长 0.1% ，连续 4 个月 保持增长。其中，规模以上高技术制造业利润同比增长 10.0% ，较 1 — 10 月份加快 2.0 个百分点。 分析认为，规模以上工业企业利润增速有所回落，但累计增速仍然延续8月份以来的增长态势，工业新动能的支撑作用进一步显现。 国家统计局工业司首席统计师于卫宁介绍，1—11月份，规模以上高技术制造业利润同比增长10.0%，较1—10月份加快2.0个百分点，增速 高于全部规模以上工业平均水平9.9个百分点。 在设备制造领域，"人工智能+"行动成效显著，带动相关行业利润向好。其中，电子工业专用设备制造行业利润同比增长达57.4%。细分来 看，半导体器件专用设备制造行业利润增长97.2%，电子元器件与机电组件设备制造行业利润增长46.0%，展现出强劲的发展势头。 航空航天产业同样发展迅猛。航空、航天 ...

新华社北京12月27日电（记者王雨萧）国家统计局27日发布数据显示，1至11月份，全国规模以上工业 企业实现利润总额66268.6亿元，同比增长0.1%，自今年8月份以来累计增速连续四个月保持增长。 数据显示，装备制造业利润带动作用明显。1至11月份，规模以上装备制造业利润同比增长7.7%，拉动 全部规模以上工业企业利润增长2.8个百分点，是对规模以上工业企业利润增长拉动作用最强的板块。 从行业看，装备制造业的8个大类行业中有7个行业利润实现同比增长。 高技术制造业利润增速加快。1至11月份，规模以上高技术制造业利润同比增长10.0%，较1至10月份加 快2.0个百分点，增速高于全部规模以上工业平均水平9.9个百分点。从行业看，"人工智能+"行动深入实 施带动相关设备制造行业利润向好，电子工业专用设备制造行业利润同比增长57.4%；航空航天产业快 速发展推动行业利润增长较快，航空、航天器及设备制造行业利润同比增长13.3%；智能化产品助力数 智化转型，智能消费设备制造行业利润同比增长54.0%。 原材料制造业利润较快增长。1至11月份，规模以上原材料制造业利润增长较快，同比增速达16.6%， 拉动全部规模以上 ...

Core Insights - In November, profits of industrial enterprises above designated size decreased by 13.1% year-on-year, with the decline expanding by 7.6 percentage points compared to the previous month [1] - From January to November, profits of industrial enterprises above designated size grew by 0.1%, maintaining a growth trend for four consecutive months since August [1] Group 1: Profit Trends - In the manufacturing sector, profits increased by 5.0% from January to November, while the electricity, heat, gas, and water production and supply sector saw an 8.4% profit growth [3] - The mining industry experienced a profit decline of 27.2%, although the decline was narrowed by 0.6 percentage points compared to the first ten months of the year [3] Group 2: Sector Performance - The equipment manufacturing sector significantly contributed to profit growth, with a 7.7% increase in profits from January to November, accounting for a 2.8 percentage point increase in overall industrial profits [3] - High-tech manufacturing profits accelerated, with a 10.0% year-on-year increase, surpassing the average growth rate of all industrial enterprises by 9.9 percentage points [3] - The raw materials manufacturing sector also saw a robust profit growth of 16.6%, contributing 2.0 percentage points to the overall industrial profit growth [4] Group 3: Future Outlook - The overall profit growth of industrial enterprises indicates a continued upward trend, supported by new industrial dynamics, although challenges remain due to international uncertainties and structural adjustments [5] - The Ministry of Industry and Information Technology has set goals for 2026, prioritizing the stabilization of the industrial economy, with an expected 5.9% year-on-year growth in industrial added value for the year [5] - Analysts predict that industrial profits may recover from low levels, potentially achieving around 10% growth by the end of 2026, indicating a shift from policy-driven to profit-driven market dynamics [5]

Core Insights - The profit growth of industrial enterprises in China has shown a slight decline but continues to maintain an upward trend since August, with significant contributions from equipment manufacturing and high-tech manufacturing sectors [1][4]. Group 1: Industrial Profit Data - From January to November, the profit of large-scale industrial enterprises increased by 0.1% year-on-year, marking four consecutive months of growth since August [1]. - The manufacturing sector saw a profit increase of 5.0%, while the electricity, heat, gas, and water production and supply sector grew by 8.4%. In contrast, the mining sector experienced a decline of 27.2%, although this decline was 0.6 percentage points less than the previous month [1]. - The total operating revenue for large-scale industrial enterprises rose by 1.6% year-on-year during the same period [1]. Group 2: Equipment Manufacturing Sector - The profit of large-scale equipment manufacturing increased by 7.7% year-on-year, contributing 2.8 percentage points to the overall profit growth of large-scale industrial enterprises, making it the strongest driving sector [2]. - Among the eight major categories in the equipment manufacturing sector, seven reported year-on-year profit growth, with the railway, shipbuilding, aerospace, and electronics industries showing double-digit growth rates of 27.8% and 15.0%, respectively [2]. - The automotive industry also saw a profit increase of 7.5%, accelerating by 3.1 percentage points compared to the previous month [2]. Group 3: High-Tech Manufacturing Sector - The profit of large-scale high-tech manufacturing grew by 10.0% year-on-year, which is 9.9 percentage points higher than the average profit growth of all large-scale industrial enterprises [3]. - The "Artificial Intelligence+" initiative has positively impacted related equipment manufacturing, with profits in the electronic industrial specialized equipment sector increasing by 57.4%, and specific segments like semiconductor device manufacturing and electronic components seeing growth rates of 97.2% and 46.0%, respectively [3]. - The aerospace industry also experienced significant profit growth, with the aerospace and related equipment manufacturing sectors reporting increases of 13.3%, 192.9%, and 36.3% [3]. Group 4: Raw Materials Manufacturing Sector - The profit of large-scale raw materials manufacturing increased significantly by 16.6% year-on-year, contributing 2.0 percentage points to the overall profit growth of large-scale industrial enterprises [4]. - The steel industry has shown marked improvement in profitability this year, aided by low base factors, while the non-ferrous metals sector has maintained double-digit profit growth due to increased market demand and revenue growth [4].

Core Insights - The total profit of industrial enterprises above designated size in China reached 66,268.6 billion yuan from January to November, showing a slight year-on-year increase of 0.1% [1] - The profit performance varied across different types of enterprises, with state-owned enterprises experiencing a decline of 1.6%, while foreign-invested enterprises saw a growth of 2.4% [1] - The mining sector faced a significant profit drop of 27.2%, while the manufacturing sector reported a profit increase of 5.0% [1] Summary by Category Profit Performance - In the first eleven months, the profit of state-owned enterprises was 20,083.6 billion yuan, down 1.6% year-on-year; joint-stock enterprises reported 49,565.6 billion yuan, down 0.4%; foreign and Hong Kong, Macao, and Taiwan-invested enterprises achieved 16,355.3 billion yuan, up 2.4%; private enterprises made 19,319.9 billion yuan, down 0.1% [1] - The mining industry recorded a profit of 7,896.3 billion yuan, down 27.2%; the manufacturing industry achieved 50,317.9 billion yuan, up 5.0%; and the electricity, heat, gas, and water production and supply industry reported 8,054.4 billion yuan, up 8.4% [1] Revenue and Costs - The total operating revenue of industrial enterprises above designated size was 125.34 trillion yuan, a year-on-year increase of 1.6%; operating costs were 107.17 trillion yuan, up 1.8% [2] - The operating profit margin was 5.29%, a decrease of 0.08 percentage points year-on-year [2] Asset and Liability Overview - By the end of November, total assets of industrial enterprises amounted to 189.28 trillion yuan, up 4.8%; total liabilities were 109.96 trillion yuan, up 5.0%; and total equity reached 79.32 trillion yuan, up 4.5% [2] - The asset-liability ratio stood at 58.1%, an increase of 0.1 percentage points year-on-year [2] Industry-Specific Insights - The computer, communication, and other electronic equipment manufacturing industry saw a profit increase of 15.0%; the electricity and heat production and supply industry grew by 11.8%; and the automotive manufacturing industry increased by 7.5% [2] - The high-tech manufacturing sector's profit growth accelerated to 10.0%, surpassing the average growth rate of all industrial enterprises [6] - The equipment manufacturing sector's profit increased by 7.7%, contributing significantly to the overall profit growth of industrial enterprises [6] Challenges and Future Outlook - Despite the overall profit growth, challenges remain due to international uncertainties and the need for structural adjustments in the industrial sector [8] - The focus will be on promoting traditional industry upgrades and fostering new productive forces to ensure sustainable industrial economic development [8]

Core Viewpoint - The article emphasizes the resilience and vitality of the industrial economy in China, highlighting the achievements and future tasks outlined in the national industrial and information technology work conference held on December 25-26, 2025 [3]. Summary by Sections Industrial Growth and Achievements - From January to November 2025, the added value of high-tech manufacturing and equipment manufacturing industries increased by 9.2% and 9.3% year-on-year, respectively [3]. - The core artificial intelligence industry surpassed 1 trillion yuan, and exports of new energy vehicles exceeded 2 million units [3]. - By the end of October, the total number of 5G base stations reached 4.758 million, with 5G technology integrated into 91 out of 97 categories of the national economy [3]. 2026 Key Work Focus - The conference outlined ten key areas for 2026, including consolidating the positive trend of the industrial economy, enhancing the resilience and security of industrial chains, and accelerating technological innovation in industries [4]. - Other focuses include optimizing traditional industries, fostering emerging and future industries, promoting deep integration of information technology and industrialization, and advancing green and low-carbon development in industries [4]. New Industrial Revolution and Future Planning - The new round of technological revolution and industrial transformation is accelerating, with a particular emphasis on artificial intelligence and its profound impact on industrial development models and corporate forms [6]. - The "14th Five-Year Plan" emphasizes building a modern industrial system and strengthening the foundation of the real economy, with a focus on optimizing traditional industries and fostering emerging industries [6]. Governance and Policy Implementation - The modernization of industry governance is progressing, with significant reform measures being implemented to address "involution" competition and improve industry governance efficiency [7]. - The Ministry of Industry and Information Technology plans to accelerate the implementation of the "15th Five-Year" series of plans and strengthen the coordination of industrial policies with fiscal and financial policies [7].