Against the backdrop of a severe and complex external environment and insufficient domestic market demand, China's industry has continued to develop and achieved remarkable results. From January to August, the profits of industrial enterprises above designated size increased by 0.9% year-on-year. According to data released by the National Bureau of Statistics on September 27th, from January to August this year, the total profits of industrial enterprises above designated size in China reached 469.297 billion yuan, a year-on-year increase of 0.9%; The operating revenue reached 89.62 trillion yuan, a year-on-year increase of 2.3%. The profits of industrial enterprises have significantly improved, reversing the continuous decline in cumulative profits since May this year. In August, the profit of industrial enterprises above designated size increased by 20.4%. From a monthly perspective, the profit of industrial enterprises above designated size in August changed from a decrease in July to an increase of 20.4%; The operating revenue increased by 1.9%, an increase of 1.0 percentage point compared to July, and the profits of industrial enterprises improved significantly for the month. The role of "ballast stone" in the equipment manufacturing industry is obvious. From January to August, the profit of equipment manufacturing industry above designated size increased by 7.2%, with the railway, shipbuilding, aerospace, and electrical machinery industries experiencing faster profit growth. Innovation driven development of high-tech manufacturing industry leads the transformation of high-tech manufacturing industry, injecting strong momentum into the high-quality development of industrial economy. Taking Hubei as an example, in the first eight months of this year, the added value of industries above designated size in Hubei increased by 7.8% year-on-year, with high-tech manufacturing leading the growth and increasing the added value by 14.2%, contributing 27.2% to the growth of industries above designated size. This freezer manufacturing company has an average of one electric freezer taken off the production line every 15 seconds. In the first 8 months of this year, the company's production increased by 15% year-on-year, and high-performance AI visual inspection technology reduced product quality losses by 15%. Fang Chao, General Manager of Wuhan Haier Electric Refrigerator Co., Ltd.: By integrating IoT big data, AI and other technologies, we have digitized production factors and business processes, resulting in a 20% increase in production efficiency compared to the same period last year. Our products are expanding towards greater intelligence, health and sustainability. In recent years, the new energy and intelligent connected vehicle industry in Hubei has developed rapidly, driven by collaborative innovation among enterprises and universities such as Dongfeng Motor, China Information Science and Technology Corporation, and Huazhong University of Science and Technology. A series of technological breakthroughs have been made in areas such as automotive grade chips, lightweight materials, and engine assemblies. Not long ago, the latest generation of hybrid dedicated engines independently developed by Dongfeng Motor Corporation achieved an internationally leading level of thermal efficiency. Wang Junjun, General Manager of Dongfeng Yipai Technology: Only by mastering core technologies can we gain control over users and the market, and truly turn 'Made in China' into 'Created in China'. This year, Hubei plans to add over a hundred lighthouse factories, unmanned factories, and digital twin factories, and complete the digital transformation of 10000 large-scale industrial enterprises. Chen Guangliang, Deputy Director of the Small and Medium sized Enterprise Development Department of Hubei Provincial Department of Economy and Information Technology: Increasing subsidies is beneficial for enterprises to break through key core technologies and enhance their core competitiveness. The Ministry of Industry and Information Technology: Deepening the opening up and cooperation of the automotive industry to develop high-tech manufacturing, in addition to innovation, there is also cooperation. The relevant person in charge of the Ministry of Industry and Information Technology stated on the 27th that China will further deepen the opening up and cooperation of the automotive industry, and support Chinese and foreign enterprises to carry out deep and high-level cooperation in capital, technology, management, talent and other aspects. Xiong Jijun, Deputy Minister of Industry and Information Technology: As a carrier for the concentrated application of various advanced technologies, cross-border collaboration is an inherent requirement for the development of new energy vehicles. We must firmly adhere to the direction of globalization development, jointly create a fair, non discriminatory, and predictable market environment, and more importantly, we need to jointly maintain the stability of the industrial and supply chains, promote the smooth and efficient operation of resource factors. The relevant person in charge of the Ministry of Industry and Information Technology also stated that China has fully lifted the restrictions on foreign investment in new energy vehicles, supported wholly foreign-owned enterprises such as Tesla and Lexus to operate in China, and supported companies such as Volkswagen, Mercedes Benz, Toyota, and General Motors to deepen cooperation with Chinese enterprises. In the first half of this year, global sales of new energy vehicles reached nearly 10 million units, accounting for 21.3% of total new car sales, an increase of about 4 percentage points compared to the same period last year. (New Society)