According to data released by the National Bureau of Statistics on October 27th, from January to September, industrial enterprises above designated size in China achieved a total profit of 5228.16 billion yuan, a year-on-year decrease of 3.5%. Yu Weining, a statistician from the Industrial Department of the National Bureau of Statistics, said that due to multiple factors, the profits of industrial enterprises above designated size decreased year-on-year from January to September, but the total profits exceeded 5 trillion yuan. Especially in the new energy industries represented by high-tech manufacturing, the profits grew rapidly, demonstrating the resilience of industrial economic development. Accelerating the implementation of the policy of increasing stock, "multiple factors have affected the decline in profits of industrial enterprises." Yu Weining said that from January to September, the total profits of industrial enterprises above designated size in China increased by 575.43 billion yuan compared to January to August, but due to multiple factors such as insufficient effective demand, declining industrial product prices, and a significant increase in the same period base since August this year, the year-on-year decline was 3.5%. According to Yu Weining's analysis, in terms of prices, the ex factory prices of industrial products continue to be low, and the decline in the ex factory price index of industrial producers in September continues to expand, putting significant pressure on enterprise income and profits; In terms of revenue, the operating income of industrial enterprises above designated size increased by 2.1% from January to September, a decrease of 0.3 percentage points from January to August; From a cost perspective, the growth rate of enterprise costs is faster than that of revenue, resulting in a decrease in gross profit and insufficient support for profit growth. In addition, the significant increase in the same period base since August this year has also put pressure on profit recovery. Looking ahead to the next stage, Wen Bin, Chief Economist of Minsheng Bank, predicts that industrial enterprise profits are expected to recover. The package of incremental policies is showing signs of marginal improvement in consumption, real estate market, and investment, which may promote the recovery and improvement of industrial enterprise profits, "said Wen Bin. Yu Weining stated that in the next stage, we need to accelerate the implementation of stock policies and the recently introduced package of incremental policies, provide a favorable production and operation environment for the healthy development of industrial enterprises, and help industrial enterprises recover and improve their profits. The resilience of new industrial driving forces has emerged. Although the profits of large-scale industrial enterprises have decreased year-on-year, the resilience of new industrial driving forces has emerged, and with the stabilization of industrial enterprise expectations and increased confidence, the efficiency of industrial enterprises is expected to be restored, "said Yu Weining. High tech manufacturing industry highlights resilience. From January to September, driven by rapid production growth, the profits of high-tech manufacturing industry increased by 6.3% year-on-year, 9.8 percentage points higher than the average level of above scale industries, and drove the profits of above scale industries to increase by 1.1 percentage points, providing important support for the profits of above scale industries. Among them, the profits of high-end equipment manufacturing industries such as spacecraft and carrier rocket manufacturing and semiconductor device specialized equipment manufacturing increased by 17.1% and 13.2% year-on-year, respectively; The profits of intelligent manufacturing industries such as intelligent in car device manufacturing, wearable intelligent device manufacturing, and intelligent unmanned aerial vehicle manufacturing increased by 27.5%, 25.6%, and 10.2% respectively; Green manufacturing industries such as lithium-ion battery manufacturing grew by 58.8%. In other emerging industries, the manufacturing of navigation, surveying, meteorological and marine specialized instruments, sensitive components and sensors, and electronic circuit manufacturing increased by 53.3%, 35.0%, and 33.5% respectively, all maintaining a rapid growth trend. In the first three quarters, China's high-tech industry showed a good development trend Zhang Liqun, a researcher at the Macroeconomic Research Department of the Development Research Center of the State Council, said that China's industrial transformation continues to advance, and the cultivation of new quality productive forces is accelerating, accumulating strength for the long-term improvement of the economy. The profit of the consumer goods industry has steadily increased. Yu Weining stated that under the background of solid promotion of a series of policies to expand domestic demand and promote consumption in various regions and departments, as well as stable demand in the international market, some consumer goods industries have maintained rapid growth. From January to September, the profits of industries such as textiles, furniture, agricultural and sideline food, and cultural, educational, industrial, and aesthetic industries increased by 11.5%, 11.0%, 6.6%, and 5.4% year-on-year, respectively. Thanks to the overall stability of domestic and international consumer markets, the profit of the consumer goods manufacturing industry increased by 2.4% year-on-year from January to September, which was 5.9 percentage points higher than the average level of industrial enterprises above designated size, driving the profit growth of industrial enterprises above designated size by 0.5 percentage points. (New Society)