On October 27th, the National Bureau of Statistics released the profit situation of all规模以上 industrial enterprises in China from January to September 2026. From January to September, all规模以上 industrial enterprises achieved a total profit of 6,033.74 billion yuan, an increase of 15.5% (calculated on a comparable basis).
From January to September, among all规模以上 industrial enterprises, state-owned holding enterprises achieved a total profit of 1,939.55 billion yuan, an increase of 13.1%; joint-stock enterprises achieved a total profit of 4,672.76 billion yuan, an increase of 20.8%; foreign-funded and Hong Kong, Macao and Taiwan-invested enterprises achieved a total profit of 1,337.14 billion yuan, an increase of 0.5%; private enterprises achieved a total profit of 1,509.13 billion yuan, an increase of 8.7%.
From January to September, the mining industry achieved a total profit of 881.37 billion yuan, an increase of 38.2%; manufacturing achieved a total profit of 4,573.80 billion yuan, an increase of 17.0%; the production of electricity, heat, gas and water supply achieved a total profit of 578.56 billion yuan, a decrease of 14.3%.
The profit situation of major industries from January to September is as follows： the computer, communication and other electronic equipment manufacturing industry achieved a profit growth of 103.8%, the non-ferrous metal smelting and rolling processing industry increased by 79.7%, the coal mining and washing industry increased by 57.0%, the chemical raw materials and chemical products manufacturing industry increased by 49.2%, the oil and gas extraction industry increased by 21.3%, the textile industry increased by 7.2%, the general equipment manufacturing industry increased by 1.9%, the special equipment manufacturing industry decreased by 1.3%, the electrical machinery and equipment manufacturing industry decreased by 5.9%, the agricultural and food processing industry decreased by 17.3%, the power, heat and water production and supply industry decreased by 17.9%, the automobile manufacturing industry decreased by 22.8%, the non-metallic mineral products manufacturing industry decreased by 46.9%, the black metal smelting and rolling processing industry decreased by 73.3%, and the oil, coal and other fuel processing industry turned from loss to profit.
It is worth noting that the paper and paper products industry achieved a total profit of 28.01 billion yuan, an increase of 15.3%; the printing and record medium reproduction industry achieved a total profit of 18.22 billion yuan, a decrease of 16.5%.
From January to September, all规模以上 industrial enterprises achieved a total operating income of 10,621 trillion yuan, an increase of 6.6%; operating costs were 90.30 trillion yuan, an increase of 6.1%; the operating profit margin was 5.68%, an increase of 0.44 percentage points. Among them, the paper and paper products industry achieved an operating income of 1046.47 billion yuan, an increase of 4.6%; the printing and record medium reproduction industry achieved an operating income of 453.29 billion yuan, an increase of 0.6%.
As of the end of September, the total assets of all规模以上 industrial enterprises were 199.10 trillion yuan, an increase of 6.7%; total liabilities were 116.61 trillion yuan, an increase of 7.4%; total owner's equity was 82.49 trillion yuan, an increase of 5.6%; the asset-liability ratio was 58.6%, an increase of 0.4 percentage points.
As of the end of September, the accounts receivable of all规模以上 industrial enterprises were 29.77 trillion yuan, an increase of 10.0%; finished goods inventory was 7.37 trillion yuan, an increase of 11.6%.
From January to September, the cost of operating income per hundred yuan was 85.02 yuan, a decrease of 0.45 yuan; the expenses per hundred yuan were 8.35 yuan, a decrease of 0.13 yuan.
As of the end of September, the operating income per hundred yuan of assets was 73.1 yuan, an increase of 0.4 yuan; per capita operating income was 1.946 million yuan, an increase of 127,000 yuan; the number of days for inventory turnover was 21.0 days, an increase of 0.6 days; the average recovery period of accounts receivable was 71.6 days, an increase of 1.3 days.
In September, the profits of industrial enterprises above designated size increased by 14.4% year-on-year.
From January to September, the profits of industrial enterprises above designated size across the country increased by 15.5% year-on-year, maintaining double-digit growth throughout this year. By the three major categories, profits in the mining industry rose by 38.2%, those in the manufacturing sector increased by 17.0%, and profits in the production and supply of electricity, heat, gas and water decreased by 14.3%. In September, the profits of industrial enterprises above designated size across the country increased by 14.4%. In the coming period, we must continue to fully, accurately and comprehensively implement the new development concepts, accelerate the construction of a new development pattern, strive to leverage the effectiveness of macro policies, increase domestic demand, optimize supply, accelerate the transformation of new and old growth drivers, enhance the internal driving force for economic development, and steadily promote high-quality development of the industrial economy.
