The Zhitong Finance App learned that on September 28, data from the National Bureau of Statistics showed that in January-August, industrial enterprises above the national scale achieved a total profit of 5271.98 billion yuan, an increase of 15.7% over the previous year. Looking at the three categories, profits in the mining industry increased by 35.1%, profits in the manufacturing industry increased by 17.4%, and profits in the electricity, heat, gas and water production and supply industries decreased by 12.0%. From January to August, among industrial enterprises above scale, state-owned enterprises achieved total profit of 1675.99 billion yuan, an increase of 10.3% over the previous year; joint-stock enterprises achieved total profit of 4071.46 billion yuan, an increase of 20.4%; foreign and Hong Kong, Macao and Taiwan investors achieved total profit of 1179.47 billion yuan, an increase of 2.3%; and private enterprises achieved total profit of 1321.32 billion yuan, an increase of 10.4%.
The original text is as follows:
Profit of industrial enterprises above the national scale increased 15.7% from January to August 2026
From January to August, industrial enterprises above the national scale achieved a total profit of 5271.98 billion yuan, an increase of 15.7% over the previous year (based on a comparable scale, see Note 2 for details).
From January to August, among industrial enterprises above scale, state-owned enterprises achieved total profit of 1675.99 billion yuan, an increase of 10.3% over the previous year; joint-stock enterprises achieved total profit of 4071.46 billion yuan, an increase of 20.4%; foreign and Hong Kong, Macao and Taiwan investors achieved total profit of 1179.47 billion yuan, an increase of 2.3%; and private enterprises achieved total profit of 1321.32 billion yuan, an increase of 10.4%.
From January to August, the mining industry achieved a total profit of 766.15 billion yuan, an increase of 35.1% over the previous year; the manufacturing industry achieved a total profit of 3969.53 billion yuan, an increase of 17.4%; and the electricity, heat, gas and water production and supply industry achieved a total profit of 536.30 billion yuan, a decrease of 12.0%.
From January to August, the profit situation of major industries was as follows: the profit of the computer, communications and other electronic equipment manufacturing industry increased 1.1 times year on year, the non-ferrous metal smelting and rolling processing industry increased 82.9%, the coal mining and washing industry increased 51.6%, the chemical raw materials and chemical products manufacturing industry grew 51.0%, the textile industry grew 11.9%, the general equipment manufacturing industry fell 2.1%, the electrical machinery and equipment manufacturing industry fell 5.2%, and the electricity, heat production and supply industry fell 15.1 %. The automobile manufacturing industry declined by 16.0%, the agricultural and sideline food processing industry by 17.4%, the non-metallic mineral products industry by 46.7%, the ferrous metal smelting and rolling processing industry by 62.4%, and the petroleum, coal and other fuel processing industries turned profits from losses.
From January to August, large-scale industrial enterprises achieved operating income of 93.09 trillion yuan, an increase of 6.6% over the previous year; operating costs of 79.19 trillion yuan, an increase of 6.1%; and the profit margin on operating income was 5.66%, an increase of 0.44 percentage points over the previous year.
At the end of August, the total assets of large-scale industrial enterprises were 197.33 trillion yuan, up 6.4% year on year; total liabilities were 115.44 trillion yuan, up 7.0%; total owners' equity was 81.89 trillion yuan, up 5.7%; and the balance ratio was 58.5%, up 0.3 percentage points year on year.
At the end of August, accounts receivable from large-scale industrial enterprises were 29.48 trillion yuan, an increase of 9.0% over the previous year; inventory of finished products was 7.36 trillion yuan, an increase of 11.0%.
From January to August, the cost per 100 yuan of operating income for large-scale industrial enterprises was 85.07 yuan, a year-on-year decrease of 0.41 yuan; the cost per 100 yuan operating income was 8.35 yuan, a year-on-year decrease of 0.14 yuan.
At the end of August, the operating income achieved by large-scale industrial enterprises per 100 yuan of assets was 72.4 yuan, an increase of 0.4 yuan over the previous year; per capita operating income was 1.922 million yuan, an increase of 125,000 yuan over the previous year; the number of inventory turnover days for finished products was 21.3 days, an increase of 0.6 days; and the average payback period for accounts receivable was 72.2 days, an increase of 0.9 days over the previous year.
In August, the profits of large-scale industrial enterprises increased 4.2% year-on-year.
Profits of industrial enterprises above scale continued to grow rapidly in January-August
——Yu Weining, chief statistician of the Department of Industry of the National Bureau of Statistics, interprets industrial enterprise profit data from January to August 2026
From January to August, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping at the core, departments in all regions earnestly implemented the decisions and arrangements of the Party Central Committee and the State Council, focused on the effectiveness of macroeconomic policies and continued to promote high-quality development. New momentum represented by high-tech manufacturing gathered and expanded, driving the profits of industrial enterprises above scale to maintain rapid growth.
Industrial companies' profits have maintained a relatively rapid growth rate. From January to August, under the combined impetus of steady progress in industrial production and the expansion of industrial product prices, the operating income of industrial enterprises above scale increased 6.6% year on year, driving the profit of industrial enterprises above scale to increase 15.7% year on year. Since this year, the cumulative growth rate has maintained double-digit growth. Looking at the three categories, profits in the mining industry increased by 35.1%, profits in the manufacturing industry increased by 17.4%, and profits in the electricity, heat, gas and water production and supply industries decreased by 12.0%. In August, due to the high base for the same period last year, the profit growth rate of industrial enterprises above scale declined somewhat, up 4.2% year on year. Judging from the gross profit calculated by deducting operating costs from operating income, gross profit of industrial enterprises above scale increased by 7.5%, 1.9 percentage points faster than the previous month.
The electronics industry is clearly driving profit growth. The application of new technology, represented by artificial intelligence, is expanding demand in related fields and driving rapid profit growth in the electronics industry. From January to August, profits in the electronics industry increased 1.1 times year-on-year, contributing 62.0% to the profit growth of industrial enterprises above all sizes, which is an important support for the rapid profit growth of industrial enterprises above scale. Among them, emerging scenarios such as new energy vehicles, the Internet of Things, and computing power centers led to an increase in demand for chips, and profits in the optoelectronic device manufacturing and semiconductor discrete device manufacturing industries increased by 72.0% and 51.8% respectively; rapid development in the field of basic electronic raw materials led the profits of the electronic special materials manufacturing and electronic circuit manufacturing industries to increase 2.3 times and 49.1% respectively.
The leading role of the high-tech manufacturing industry is outstanding. From January to August, the profit of large-scale high-tech manufacturing industries increased 54.7% year-on-year, and the growth rate was 39.0 percentage points higher than that of all large-scale industries. From an industry perspective, the profits of the optical fiber manufacturing and optical cable manufacturing industries increased 5.3 times and 1.0 times, respectively; in the fields of high-performance servers, workstations, and optoelectronic communications, profits in the computer complete machine manufacturing, computer peripheral manufacturing, industrial control computer and system manufacturing, and communication system equipment manufacturing industries increased 3.9 times, 2.6 times, 1.3 times, and 48.7%, respectively; the instrumentation and new medical equipment manufacturing industries accelerated development, navigation, surveying and marine instrument manufacturing, and the profits of the dental and meteorological equipment and apparatus manufacturing industries, respectively. The increase was 2.2 times, or 70.2%.
The raw materials manufacturing industry achieved relatively rapid growth. From January to August, the profit of the raw material manufacturing industry above scale increased by 47.3% year on year, driving the profit of industrial enterprises above all sizes to increase 6.2 percentage points. From an industry perspective, the rise in international crude oil and non-ferrous metal prices has led to an improvement in the efficiency of related industries. The profit of the chemical industry increased by 51.0%; the profit of the non-ferrous industry increased by 82.9%; and the petroleum processing industry turned losses into profits year on year, achieving a total profit of 56.29 billion yuan.
The unit cost of industrial enterprises continues to fall. From January to August, the cost per 100 yuan of operating income for large-scale industrial enterprises was 85.07 yuan, a year-on-year decrease of 0.41 yuan. The cumulative unit cost of industrial enterprises has continued to decline year-on-year since this year. From January to August, the profit margin on operating income of large-scale industrial enterprises was 5.66%, an increase of 0.44 percentage points over the previous year.
In the next stage, in accordance with the decisions and arrangements of the Party Central Committee and the State Council, it is necessary to give full play to the effectiveness of macroeconomic policies, expand domestic demand, improve supply, accelerate the transformation of old and new kinetic energy, enhance endogenous momentum for economic development, and promote the continuous development of the industrial economy to new and better.
This article was compiled from the official website of the “National Bureau of Statistics”. Zhitong Finance Editor: Chen Siyu.