The Zhitong Finance App learned that on October 27, Yu Weining, chief statistician of the Department of Industry of the National Bureau of Statistics, interpreted the profit data of industrial enterprises from January to September 2026. From January to September, profits of industrial enterprises above the national scale increased 15.5% year-on-year, and have continued to grow in double digits since this year. Looking at the three major categories, profits in the mining industry increased by 38.2%, profits in the manufacturing industry increased by 17.0%, and profits in the electricity, heat, gas and water production and supply industries decreased by 14.3%. In September, the profits of industrial enterprises above the national scale increased by 14.4%. In the next stage, it is necessary to continue to fully, accurately and comprehensively implement the new development concept, accelerate the construction of a new development pattern, focus on leveraging the effectiveness of macroeconomic policies, increase efforts to expand domestic demand, optimize supply, accelerate the transformation of old and new kinetic energy, enhance endogenous motivation for economic development, and solidly promote the high-quality development of the industrial economy.
The original text is as follows:
From January to September, the profits of industrial enterprises above the scale grew rapidly, and the new momentum played an obvious leading role
——Yu Weining, chief statistician of the Department of Industry of the National Bureau of Statistics, interprets the profit data of industrial enterprises from January to September 2026
From January to September, 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, stepped up macroeconomic policy adjustments, cultivated and expanded new productivity according to local conditions. Industrial production progressed steadily, profits of industrial enterprises above scale achieved rapid growth, and the high-quality development of the industrial economy progressed steadily. From January to September, profits of industrial enterprises above the national scale increased 15.5% year-on-year, and have continued to grow in double digits since this year. Looking at the three major categories, profits in the mining industry increased by 38.2%, profits in the manufacturing industry increased by 17.0%, and profits in the electricity, heat, gas and water production and supply industries decreased by 14.3%. In September, the profits of industrial enterprises above the national scale increased by 14.4%.
The electronics industry contributed significantly to profit growth. As industrial upgrading and technological iteration continue to advance, the development momentum of the electronics industry continues to be released, and the quality and efficiency of operation are steadily improving. From January to September, profits in the electronics industry increased 1.0 times year on year, driving profits of industrial enterprises above all sizes to increase by 9.6 percentage points, which is an important support for the rapid growth of profits of industrial enterprises above scale. Looking at industry segments, profits in the electronics specialty materials manufacturing and semiconductor discrete device manufacturing industries increased 2.2 times and 51.7% respectively, driven by demand in fields such as AI computing power and advanced storage; next-generation information technology accelerated development, driving profits in optoelectronic device manufacturing and electronic circuit manufacturing industries to increase 69.8% and 62.5% respectively.
The leading role of the high-tech manufacturing industry is prominent. High-end manufacturing continues to advance, the formation of new quality productivity accelerates, and the industrial structure above scale continues to improve. From January to September, the profit of large-scale high-tech manufacturing industries increased 52.0% year-on-year, and the growth rate was 36.5 percentage points higher than that of all large-scale industries. High-tech manufacturing accounted for 25.5% of the profits of industrial enterprises above all sizes, an increase of 6.2 percentage points over the same period last year. From an industry perspective, computing power and data center construction led profits in the optical fiber manufacturing and optical cable manufacturing industries to increase 5.7 times and 1.1 times respectively; in the computer and server industry chain-related fields, profits in the computer peripheral manufacturing, computer assembly manufacturing, and industrial control computer and system manufacturing industries increased 2.8 times, 1.7 times, and 90.9% respectively; in the field of special instruments manufacturing, navigation, surveying, meteorology, and marine equipment and apparatus manufacturing industries increased 1.9 times and 59.6% respectively.
The raw materials manufacturing industry achieved relatively rapid growth. From January to September, the profit of the raw material manufacturing industry above scale increased by 44.9% year-on-year, driving the profit of industrial enterprises above the entire scale to increase by 5.9 percentage points. From an industry perspective, there is strong demand for basic metal products such as copper and aluminum in fields such as artificial intelligence and new energy, driving the nonferrous industry's profit growth of 79.7%. The rise in international crude oil prices boosted profits in related industries. Among them, profits in the chemical industry increased by 49.2%; the petroleum processing industry turned losses into profits year-on-year, achieving a total profit of 84.22 billion yuan.
Profits of enterprises of different sizes and types are growing rapidly. By scale, from January to September, the profits of large, medium, and small industrial enterprises increased by 18.8%, 15.4%, and 8.7% year-on-year respectively; by enterprise type, the profits of joint-stock enterprises, state-owned enterprises, and private enterprises increased by 20.8%, 13.1%, and 8.7%, respectively, from January to September.
The unit cost of industrial enterprises continues to fall. From January to September, the cost per 100 yuan of operating income for large-scale industrial enterprises was 85.02 yuan, a year-on-year decrease of 0.45 yuan. The cumulative unit cost of industrial enterprises has continued to decline year-on-year since this year. From January to September, the profit margin on operating income of large-scale industrial enterprises was 5.68%, an increase of 0.44 percentage points over the previous year.
In the next stage, it is necessary to continue to fully, accurately and comprehensively implement the new development concept, accelerate the construction of a new development pattern, focus on leveraging the effectiveness of macroeconomic policies, increase efforts to expand domestic demand, optimize supply, accelerate the transformation of old and new kinetic energy, enhance endogenous motivation for economic development, and solidly promote the high-quality development of the industrial economy.
This article was edited by the National Bureau of Statistics, Zhitong Finance Editor: Chen Wenfang.