B · Normal
[Liu Yu, chief economist of Industrial Securities: Macro volume, price, and micro performance together provide fundamental support for the stabilization and repair of the stock market] On October 28, Liu Yu, chief economist of Industrial Securities, said in an interview recently that at present, macro volume, price, and micro performance confirm each other, providing fundamental support for the stabilization and repair of the stock market. On the one hand, prices and output improved together. In September, the profits of industrial enterprises above designated size increased by 14.4% year-on-year, 10.2 percentage points faster than in August, and the cumulative growth in the first three quarters was 15.5%. On the price side, PPI increased by 5.0% year-on-year in September, an increase of 1.2 percentage points from August, hitting a new high since June 2022; on the output side, the added value of industries above designated size increased by 5.5% year-on-year, 0.3 percentage points faster than August, and the manufacturing PMI rebounded to 50.1%, returning to the expansion range. On the other hand, micro-performance has also shown positive changes: As of October 26, more than a thousand companies have disclosed their third quarter reports, of which 548 have increased their net profits in the first three quarters year-on-year, and 176 have increased by more than 100%. Corporate profitability performance provides further support for market stabilization. (Reporter Lin Jian)
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