Lates News

The research report from CITIC Securities indicates that in July, industrial enterprises resisted the pressure of tariffs and extreme weather to achieve a stable revenue growth and a narrowing decline in profits. In terms of structure, the main reason for the increase in profits was the rebound in profit growth in the midstream sector. The continued improvement in profit margins is the main driving factor for the continued improvement in industrial profits in July. The improvement may be due to the "anti-internal competition" policy beginning to boost profit margins in some industries. The industries that performed well in terms of profits include raw material manufacturing, which saw a significant rebound in prices in July under the influence of "anti-internal competition", and emerging industries represented by semiconductors, aerospace, and pharmaceuticals. Looking ahead, although July economic data shows some pressure on investment, consumption, and other domestic demand indicators, industries with strong efforts in "anti-internal competition" and those benefiting from the new trend of going global are expected to become structural highlights.