China News Service, Beijing, October 27 (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 6,244.18 billion yuan (RMB, the same below), a year-on-year decrease of 2.3%.
In the month of September, the decline in profits of industrial enterprises continued to narrow.
Zhu Hong, senior statistician of the Industrial Department of the National Bureau of Statistics, said that from January to September, the operating income of China's industrial enterprises above designated size increased by 8.2% year-on-year, continuing the rapid growth trend, and corporate profits fell by 2.3% year-on-year.
From the perspective of the month, as the economic stabilization package and succession policies were effective, the recovery of the industrial economy accelerated, and the efficiency of enterprises gradually improved. In September, the decline in profits of industrial enterprises narrowed by 6.0 percentage points compared with the previous month. , there are 23 industries with year-on-year profit growth or loss reduction, of which 14 industries have achieved double-digit or above growth; 25 industries have increased profit growth or narrowed the rate of decline compared with the previous month, from decline to increase, accounting for more than 60%.
As the profits of the equipment manufacturing industry changed from falling to increasing, the industrial structure of industrial enterprises' profits continued to improve.
From January to September, the profit of the equipment manufacturing industry increased by 0.6% year-on-year, the first time this year, from a decline to an increase, driving the profit growth rate of industrial enterprises above designated size to rebound by 0.8 percentage points from January to August.
The profit of equipment manufacturing industry accounted for 31.5% of the industry above designated size, an increase of about 6.4 percentage points from the beginning of the year.
Among them, although the profit of the automobile manufacturing industry fell by 1.9% year-on-year, driven by factors such as the restoration of the industrial chain and supply chain and the growth of new energy vehicle production, the decline narrowed by 5.4 percentage points, of which the profit in September increased by 47.4%.
From January to September, the profits of electricity, heat, gas and water production and supply industries increased by 4.9% year-on-year, the first time this year, from a decline to an increase, driving the profit growth rate of industrial enterprises above designated size to rebound by 0.6 percentage points from January to August.
Among them, the power industry was driven by factors such as the increase in electricity demand and the decline in coal prices, and its profit increased by 11.4% year-on-year, reversing the decline that lasted for more than a year.
It is worth mentioning that the decline in the profits of private and foreign-funded enterprises narrowed, and the profit growth of small and medium-sized enterprises accelerated.
From January to September, among the industrial enterprises above designated size, the profits of state-owned holding enterprises continued to grow, with a growth rate of 3.8%; the decline in profits of private enterprises, foreign companies and Hong Kong, Macao and Taiwan-invested companies narrowed by 0.2 and 2.7 percentage points respectively from January to August. The profit of small and medium-sized enterprises increased by 1.5% year-on-year, and the growth rate accelerated by 0.6 percentage points.
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