China News Service, Beijing, October 27th (Reporter Wang Enbo) The National Bureau of Statistics of China announced on the 27th that from January to September, China's industrial enterprises above designated size achieved a total profit of 4366.50 billion yuan, a year-on-year decrease of 2.4%, a decrease compared to January-August Narrowed by 2.0 percentage points.

On a quarterly basis, the profits of industrial enterprises have shown a quarterly recovery.

  Zhu Hong, a senior statistician from the Department of Industry of the National Bureau of Statistics, explained that, benefiting from the overall advancement of epidemic prevention and control and economic and social development, the production and sales of Chinese industrial enterprises have recovered rapidly, with steady growth, and the relationship between supply and demand continues to improve.

  In the third quarter, the added value of the industrial enterprises above designated size increased by 5.8% year-on-year, and operating income increased by 4.8%, both showing a trend of rising quarter by quarter.

Driven by the steady recovery of income, the profit growth rate of industrial enterprises dropped by 36.7% from the first quarter, increased by 4.8% in the second quarter, and then accelerated to 15.9% in the third quarter, showing a trend of "turning from falling to rising and accelerating growth".

  Specifically, the number of industries with profit growth has increased, and key industries have clearly driven the increase.

In the third quarter, among the 41 major industrial sectors, 31 industries increased their profits year-on-year, an increase of 6 from the second quarter; of these, 24 industries saw profits increase by more than double digits.

  The industries with the most new profits were mainly: automobile manufacturing increased by 53.8%, non-ferrous metal smelting and rolling processing industry increased by 52.0%, ferrous metal smelting and rolling processing industry increased by 39.1%, general equipment manufacturing industry increased by 32.4%, electric power and heat production And the supply industry increased by 22.4%, and the electrical machinery and equipment manufacturing industry increased by 16.8%. These six industries together drove the profit of industrial enterprises above designated size in the third quarter to a year-on-year increase of 10.0%.

  In addition, the balance of profit growth of industrial enterprises has improved significantly, and the profits of enterprises of different sizes have recovered in concert.

  With the gradual recovery of investment and consumer demand, the profits of the petroleum, steel, automobile and other industries quickly recovered, and the profits of large enterprises have rebounded significantly.

In the third quarter, the profits of large and medium-sized enterprises increased by 16.0% year-on-year, an acceleration of 14.7 percentage points from the second quarter; among them, the profits of large enterprises increased from a 4.0% decline in the second quarter to an increase of 13.8%.

Benefiting from a number of policy support, the profits of small enterprises above designated size in the third quarter increased by 15.8% year-on-year, which was 1.7% faster than the second quarter.

  However, Zhu Hong also reminded that although the profits of industrial enterprises continued to recover steadily in the first three quarters, the current cumulative industrial enterprise operating income and profit growth rate have not yet turned positive, the growth rate of accounts receivable and finished goods inventory is still high, and corporate profits continue to increase. A good foundation still needs to be consolidated.

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