Introduction: From January to August, the profit growth rate of industrial enterprises above designated size has slightly declined, but it still continues the growth trend since the beginning of the year. New energy industries represented by high-tech manufacturing have maintained rapid growth, and the high-quality development of the industrial economy continues to steadily advance.

Market Trends of Packaging Printing Network

Affected by factors such as insufficient effective market demand, high temperature, rainstorm, flood and other natural disasters that have a great impact on some regions, and the base number of August in the same period of the month increased significantly compared with that of July, the profit growth of industrial enterprises above the designated size fell back from January to August, but still continued the growth trend since the beginning of the year. New energy industries represented by high-tech manufacturing maintained rapid growth, and high-quality development of industrial economy continued to steadily advance.

The profits and operating income of industrial enterprises continue to grow. From January to August, the total profit of industrial enterprises above designated size in China increased by 0.5% year-on-year. From the perspective of gross profit calculated by deducting operating costs from operating income, the gross profit of industrial enterprises above designated size increased by 1.2% year-on-year from January to August. From an industry perspective, from January to August, 29 out of 41 major industrial sectors saw a year-on-year increase in profits, with a growth rate exceeding 70%. From January to August, the operating income of industrial enterprises above designated size increased by 2.4% year-on-year, maintaining stable growth.

The profits of high-tech manufacturing industry continue to grow rapidly. From January to August, the profit of high-tech manufacturing industry increased by 10.9% year-on-year, 10.4 percentage points higher than the average level of industrial enterprises above designated size, and drove the profit growth of industrial enterprises above designated size by 1.8 percentage points, with a significant supporting effect. Among them, industries such as spacecraft and launch vehicle manufacturing, intelligent vehicle equipment manufacturing, and lithium-ion battery manufacturing, which represent high-end, intelligent, and green development, have seen rapid profit growth, with year-on-year increases of 20.3%, 26.2%, and 29.9%, respectively; The synergistic effect of the industrial chain in emerging key areas is gradually emerging, with profits in industries such as semiconductor device specialized equipment manufacturing, sensitive component and sensor manufacturing, and optoelectronic device manufacturing increasing by 14.5%, 42.9%, and 130.6% year-on-year, respectively.

The profits of the consumer goods manufacturing and equipment manufacturing industries have maintained stable growth. Driven by the stable recovery of domestic consumer demand and the rapid growth of industrial exports, the consumer goods manufacturing and equipment manufacturing industries have maintained stable growth, and some consumer goods and equipment industries have seen rapid profit growth. From January to August, the profit of the consumer goods manufacturing industry increased by 8.4% year-on-year. Among them, seven industries including agricultural and sideline food, textile, cultural, educational, industrial and aesthetic industries have achieved double-digit growth in profits. From January to August, the profit of the equipment manufacturing industry increased by 3.2% year-on-year, and 5 out of 8 industries in the equipment manufacturing industry achieved growth. Among them, the profit of industries such as railway, shipbuilding, aerospace, and electronics increased by 34.5% and 22.1% respectively year-on-year, continuing the rapid growth trend.

 Overall, the profits of industrial enterprises above designated size continue to grow, and the support of new industrial driving forces is evident. However, it should also be noted that domestic consumer demand is still weak, and the external environment is complex and changing. The foundation for the recovery of industrial enterprise benefits still needs to be further consolidated. In the next stage, we must resolutely implement the decisions and arrangements of the Third Plenary Session of the 20th Central Committee of the Communist Party of China, accelerate the cultivation and growth of new driving forces, actively expand effective domestic demand, further promote large-scale equipment updates and the exchange of old for new consumer goods, and continuously consolidate the foundation for the recovery of industrial enterprise benefits.