The National Bureau of Statistics recently released data showing that in the first eight months of this year, under the influence of multiple factors such as the effective implementation of macro policies, the deepening of the unified national market, and the low base of the same period last year, the profits of industrial enterprises above designated size have changed from a year-on-year decline of 1.7% in the first seven months to an increase of 0.9%, reversing the continuous decline in accumulated profits of enterprises since May this year. In August, the profits of industrial enterprises above designated size increased by 20.4% from a 1.5% decrease in July, indicating a significant improvement in profits for the month. The revenue of industrial enterprises maintains stable growth. In the first 8 months, the operating income of industrial enterprises above designated size increased by 2.3% year-on-year, which was the same as the first 7 months. Among them, the operating income of industrial enterprises increased by 1.9% in August, which was 1.0 percentage point faster than July. The growth of operating income accelerated, creating favorable conditions for the continued recovery of enterprise profits. From the perspective of the three major categories, the manufacturing industry grew by 7.4% in the first eight months, an increase of 2.6 percentage points compared to the first seven months; The production and supply of electricity, heat, gas, and water increased by 9.4%, accelerating by 5.5 percentage points; The mining industry decreased by 30.6%, narrowing the decline by 1.0 percentage point. The role of "ballast stone" in the equipment manufacturing industry is obvious. In the first 8 months, the profit of equipment manufacturing industry above designated size increased by 7.2%, driving the profit growth of all industrial enterprises above designated size by 2.5 percentage points. It is one of the sectors with the strongest driving effect and has a significant supporting effect on the recovery of profits of industrial enterprises above designated size. Among the 8 industries in the equipment manufacturing industry, 7 industries have achieved profit growth. Among them, the railway, shipbuilding, aerospace, and electrical machinery industries have seen rapid profit growth, with growth rates of 37.3% and 11.5%, respectively; The profits of specialized equipment and the electronics industry increased by 6.9% and 7.2% respectively, accelerating by 3.7 and 0.5 percentage points compared to the first seven months. The profit growth of the raw material manufacturing industry is relatively fast, while the profit of the consumer goods manufacturing industry has shifted from decline to increase. Driven by factors such as increased market demand, price rebound, and cost reduction, the profit of the raw material manufacturing industry increased by 22.1% year-on-year in the first eight months, accelerating by 10.0 percentage points compared to the first seven months, driving the profit growth of all industrial enterprises above designated size by 2.5 percentage points. Among them, the steel industry turned losses into profits year-on-year, achieving a total profit of 83.7 billion yuan; The profit of the non-ferrous industry increased by 12.7%, accelerating by 5.8 percentage points compared to the previous 7 months; The profit of the consumer goods manufacturing industry has changed from a decrease of 2.2% in the first seven months to an increase of 1.4%, with industries such as alcoholic beverages, tea, and agricultural and sideline food experiencing faster profit growth. The profits of enterprises of different scales have improved, and the profits of private enterprises have significantly accelerated. In the first 8 months, looking at the scale, the profits of medium-sized and small industrial enterprises above designated size increased by 2.7% and 1.5% year-on-year, respectively, accelerating by 1.1 and 0.4 percentage points compared to the first 7 months, while the decline of large enterprises narrowed by 4.6 percentage points compared to the first 7 months. Looking at the types of enterprises, the decline in profits of state-owned holding enterprises narrowed by 5.8 percentage points compared to the previous seven months; The profit of private enterprises increased by 3.3%, 2.4 percentage points higher than the average level of all industrial enterprises above designated size, and 1.5 percentage points faster than the previous seven months. In August, the cost situation of industrial enterprises above designated size improved, with a year-on-year decrease of 0.20 yuan in the cost per 100 yuan of operating income, marking the first monthly year-on-year decrease since July 2024. The operating income profit margin of industrial enterprises above designated size was 5.83%, an increase of 0.90 percentage points year-on-year. Yu Weining, Chief Statistician of the Industrial Department of the National Bureau of Statistics, stated that in the context of a severe and complex external environment and insufficient domestic market demand, it is necessary to fully implement the decisions and arrangements of the Party Central Committee, further expand domestic demand, deepen the construction of a unified national market, standardize the competitive order of enterprises, and create more favorable conditions for the sustained recovery of industrial enterprise profits. (New Society)