In October, The Profits Of Industrial Enterprises Above Designated Size Increased Steadily

In October, the profits of Industrial Enterprises above designated size increased steadily

According to the data released by the National Bureau of statistics on November 27, in October, with the strong promotion of policies and measures such as ensuring supply and stabilizing prices and helping enterprises to rescue, the production and operation of Industrial Enterprises above Designated Size continued to improve, and the profit growth rate increased steadily.

In October, the profits of Industrial Enterprises above designated size increased by 24.6% year-on-year, 8.3 percentage points higher than that of the previous month, rising for two consecutive months; The average growth rate in the two years was 26.4%, accelerating by 13.2 percentage points.

From the perspective of the industry, in October, the profit of high-tech manufacturing industry increased by 17.4% year-on-year, continuing the double-digit growth trend. The contribution rate to the profit growth of Industrial Enterprises above designated size was 11.0%, which continued to help promote the optimization of industrial economic structure and realize transformation and upgrading.

Driven by the increase of goods preparation orders during holidays and other factors, in October, the market demand for relevant consumer goods increased, the profit of consumer goods manufacturing industry increased by 3.6% from a year-on-year decrease last month, and more than 70% of the profit of consumer goods manufacturing industry rebounded.

From the perspective of enterprise operation, the effects of policies such as tax reduction and fee reduction, ensuring supply and stabilizing price continue to appear, and the cost pressure of enterprises has been alleviated. In October, the cost per 100 yuan of operating revenue of Industrial Enterprises above designated size was 83.45 yuan, a year-on-year decrease of 0.39 yuan, and the profit margin of enterprise operating revenue rebounded to 7.44%, a year-on-year increase of 0.73 percentage points.