The manufacturing purchasing managers’ index moved into expansion territory in March; From January to February, the profits of industrial enterprises above designated size increased by 10.2% year-on-year, turning their profits into positive growth from a decline of 2.3% in the previous year. The added value of high-tech manufacturing above designated size increased by 7.5% year-on-year, and emerging industrial products such as service robots, charging piles, and monocrystalline silicon maintained rapid growth. A number of data indicators released recently show that since the beginning of this year, the industrial economy has picked up and improved, and new drivers have been cultivated and strengthened, achieving a good start.

3DDE300410 Industry experts said that the relevant data shows that China’s industrial economy has strong resilience and potential. Under the combination of favorable factors such as the successive landing of policies and the steady recovery of domestic and foreign demand, the recovery of the industrial economy will be further consolidated.

In the transformer production workshop of Shandong Tai Lai Electric Co., LTD., a number of production lines go hand in hand and run at full power to catch orders. “The orders we have received so far have exceeded 620 million yuan, and we are making every effort to ensure delivery.” Zhu Yuyu, director of the workshop, said that at present, riding on the east wind of new energy, the company’s main product box-type substation and transformer orders have increased year after year. Relying on technology accumulation to continuously win market orders, the company plans to expand 60,000 square meters of plant and intelligent industrial park base this year.

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Since the beginning of this year, the industrial economy has maintained steady growth, and the role of “ballast stone” has been further demonstrated. In the first two months, the added value of industrial enterprises above designated size grew by 7% year-on-year, 0.2 percentage points higher than that in December of last year. Investment in the manufacturing sector increased by 9.4 percent year on year, and investment in technological transformation increased by 15.1 percent. From the perspective of industry, 39 of the 41 industrial categories increased their added value year-on-year.

Profits of industrial enterprises grew rapidly and got off to a steady start. From January to February, the 3DDE300410 profits of industrial enterprises above designated size increased by 10.2% year-on-year, turning their profits into positive growth from a decline of 2.3% in the whole of the previous year.

In the view of Guan Bing, director of the Institute of Industrial Economics of CCID Research Institute, the recovery of profits of industrial enterprises is an important factor for stable investment, stable confidence and stable business entities. In 2024, the profits of industrial enterprises started to be stable, which played a very key role in the continuous repair of the industrial economy.