According to data from the China Federation Branch, in January-September, large-scale industrial enterprises achieved operating income of 106.21 trillion yuan, an increase of 6.6% over the previous year; operating costs of 90.30 trillion yuan, an increase of 6.1%; and the profit margin on operating income was 5.68%, an increase of 0.44 percentage points over the previous year. From January to September 2026, profits in the electronics industry, driven by artificial intelligence, doubled, and profits in the upstream raw materials industry grew at a high rate, which contributed greatly to the improvement of the overall profit of the industry. However, the automotive industry faced the double pressure of rising costs and weak demand, and profit performance was poor. From January to September 2026, automobile production was 23.37 million vehicles, down 4% year on year, revenue of 80,43.5 billion yuan increased 2.6%, cost of 7162.7 billion yuan increased 3.8%, profit of 267.5 billion yuan decreased 23%, and sales margin was 3.3%; of these, in September, 3.06 million vehicles were produced, sales revenue of 1,037.4 billion yuan increased 0.6%, cost of 925.7 billion yuan increased 2.5%, profit of 14.2 billion yuan, and sales profit margin 1.4%, which is at a low level of nearly 4 years.

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