Yu Weining, a statistician at the Industrial Department of the National Bureau of Statistics, said that the profits of industrial enterprises in the month changed from decline to increase, and the decline in the fourth quarter narrowed significantly

On January 27, 2024, the operating income of industrial enterprises above designated size maintained growth, and the total profit exceeded 7.40 trillion yuan. The profit of new industrial kinetic energy represented by high-tech manufacturing industry grew rapidly. The profit of industrial enterprises in the month changed from decline to increase, and the decline in the fourth quarter narrowed significantly. In December 2024, the profit of industrial enterprises above designated size across the country changed from a year-on-year decrease of 7.3% in November to an increase of 11.0%; the operating income increased by 4.2% year-on-year, 3.7 percentage points faster than in November. After the timely introduction of a package of incremental policies, the profit of industrial enterprises in the fourth quarter steadily recovered, and the decline was significantly narrowed by 12.7 percentage points compared with the third quarter. From the perspective of the whole year, in 2024, the operating income of industrial enterprises on the scale increased by 2.1% compared with the previous year, and the total profit was 7.43105 trillion yuan, a decrease of 3.3% compared with the previous year.