On October 27, the National Bureau of Statistics released several economic indicators for industrial enterprises above designated size nationwide, covering the period from January to September 2024. The data show that in the first three quarters of this year, the total profit of industrial enterprises above designated size nationwide reached 5,228.16 billion yuan, a decrease of 3.5% compared to the same period last year. Among them, the total profit of the automobile manufacturing industry was 335.98 billion yuan, representing a year-on-year decrease of 1.2%, which is lower than the average level for all industrial enterprises above designated size nationwide.
The specific data reveal that from January to September 2024, the automobile manufacturing industry's operating income reached 7,359.25 billion yuan, an increase of 2.6% year-on-year; operating costs were 6,453.09 billion yuan, a year-on-year increase of 3.2%; and total profit was 335.98 billion yuan, a year-on-year decrease of 1.2%. The growth rates of these three key indicators are higher than the average for all industrial enterprises above designated size, indicating that the automobile manufacturing industry has performed relatively well to some extent.
According to data released by the China Association of Automobile Manufacturers, in the first three quarters of this year, China's automobile production and sales reached 21.47 million and 21.571 million units respectively, marking year-on-year increases of 1.9% and 2.4% and maintaining steady overall growth. Notably, in the new energy vehicle sector, production and sales reached 8.316 million and 8.32 million units respectively, with year-on-year increases of 31.7% and 32.5%. This growth rate significantly outpaces that of the traditional fuel vehicle market. It is worth noting that new energy vehicle sales accounted for 38.6% of total new vehicle sales, highlighting the continued rise in market share for new energy vehicles in China.