It is worth noting that the manufacturing industry, especially the equipment manufacturing industry, has become an important engine for the profit growth of industrial enterprises.

Data show that from January to May, the total profit of the manufacturing industry reached 1,928.57 billion yuan, an increase of 6.3%. Among them, the equipment manufacturing industry profit growth of 11.5%, the growth rate is 8.1 percentage points higher than the regulation industry, driving the regulation of industrial profit growth of 3.6 percentage points, is this year to promote the regulation of industrial profit growth of the largest contribution to the industry plate.

In Shandong Shuibo Intelligent Equipment Co., LTD., located in Liangshan County, Shandong Province, from automatic loading to robot handling, laser welding, to cleaning, palletizing, all production links are intelligent production line intelligent scheduling.

ETOP04C-0046 “We both use this production line to produce products, but also to sell smart production lines and solutions, from ‘single wheel drive’ to ‘flying on both wings.'” Shen Wei, head of the company’s technology, said that the current demand for intelligent and digital transformation of Shandong enterprises is strong, and the company’s orders continue to grow.

“With the accumulation of new momentum, the transformation and upgrading of upper, middle and downstream industries in the industrial field will accelerate, more new technologies and new products will optimize the supply level and quality, better match diversified consumer demand, and the production and marketing cycle will accelerate, which will help industrial enterprises improve their revenue and profit levels.” Guo Liyan, deputy director of the economic research Institute of the Chinese Academy of Macroeconomic Research, said.

A series of pro-enterprise policies are being released one after another, accelerating the landing, and constantly releasing the vitality of business entities

The executive meeting of The State Council to study the effective reduction of logistics costs in the whole society; The National Development and Reform Commission and other four departments issued a notice on the key work of reducing costs in 2024; The Ministry of Finance and other four departments issued a notice to clearly implement the financial discount policy of equipment renewal loans; More than a thousand “little giant” enterprises will be supported by financial awards this year…

ETOP04C-0046 At the press conference on the theme of “Promoting high-quality Development” held by the State New Office on July 5, Jin Zhuanglong, Minister of Industry and Information Technology, said that the development of the ten key industries of iron and steel, nonferrous metals, petrochemical, chemical, building materials, machinery, automobiles, electric power equipment, light industry and electronics will continue to be focused on the development of the ten key industries, and encourage and support large industrial provinces to “take the lead” and further expand effective investment in manufacturing. And make greater efforts to optimize the development environment of manufacturing enterprises.

It is undeniable that the current foundation for the recovery of industrial enterprises is still not solid. From January to May, the profit growth rate of industrial enterprises fell by 0.9 percentage points compared with that of January to April.

Some industry insiders believe that the slowdown in profit growth is mainly because the recovery of market demand is weaker than the recovery of supply, the price of industrial products is falling, the cost of production and operation is rising slightly, and the competitive price reduction of enterprises in some industries has dragged down the overall profit growth of industrial enterprises.

“The current external environment is complex and severe, domestic effective demand is still insufficient, and the industrial economy is still facing some difficulties and challenges in a sustained recovery.” Going forward, we will focus on the requirement of high-quality development throughout the whole process of new industrialization, steadily promote steady growth, ensure security, promote upgrading, and consolidate and strengthen the momentum of recovery of the industrial economy.” Jin Zhuanglong said.