In July, the profits of large-scale industrial enterprises nationwide decreased by 1.5% YoY, narrowing by 2.8 percentage points compared to June, marking two consecutive months of narrowing declines. In particular, in July, the profit of high-tech manufacturing turned from a decline of 0.9% in June to an increase of 18.9%, boosting the growth rate of all large-scale industrial enterprise profits by 2.9 percentage points compared to June, demonstrating a significant leading role.