北京：中国工业企业利润9月增速加快，但经济内部加深的分化拖累了企业盈利。
BEIJING: China's industrial profits grew at a faster pace in September, though a deepening divergence across the economy weighed on business earnings.
国家统计局周二（10月27日）公布的数据显示，9月份规模以上工业企业利润同比增长14.4%，增速较8月的4.2%明显加快。前三季度工业企业利润同比增长15.5%，与1至8月的15.7%增幅基本持平。
Profits at industrial firms rose 14.4 per cent from a year earlier last month, quickening from a 4.2 per cent increase in August, data from the National Bureau of Statistics (NBS) showed on Tuesday (Oct 27). Profits were up 15.5 per in the first nine months of this year, largely unchanged from the 15.7 per cent increase in the January-August period.
行业分化依然显著：前三季度计算机、通信和其他电子设备制造业利润翻倍以上，而家具制造业利润下降超过一半，成为表现最差的行业之一。
The sectoral divide remained pronounced, with profits in the computer, communication and other electronic equipment manufacturing category more than doubling over the nine-month period, whereas profits in the furniture manufacturing sector fell by more than half, making it one of the worst performers.
此外，出口导向型企业正为更大的不确定性做准备，因为不断扩大的贸易顺差加剧了与贸易伙伴（尤其是欧洲）的紧张关系，这也给利润增长的可持续性蒙上阴影。
Also casting a shadow over the sustainability of profit growth, export-oriented firms are bracing for greater uncertainty as expanding trade surpluses stoke tensions with trading partners, particularly Europe.
不过，中信银行国际首席中国经济学家丁萌对前景表示乐观，原因是人工智能相关产业快速增长。
However, CITIC Bank International's chief China economist, Ding Meng, expressed optimism about the outlook because of the rapid growth in AI-related industries.
他说：“这表明，人工智能产业链发展带来的国内和外部需求，已成为支撑工业利润的关键力量。”
"This suggests that domestic and external demand generated by the development of the AI supply chain has become a key force supporting industrial profits," he said.
“除非全球人工智能投资热潮出现重大逆转，否则工业利润有望继续保持快速增长。” 第三季度国内生产总值（GDP）同比增长4.5%，增速好于预期，使中国有望实现全年4.5%至5.0%左右的增长目标，但经济不同部门间的差异表明复苏仍不平衡，部分行业持续疲软继续侵蚀企业盈利能力。
"Barring a major reversal in the global AI investment boom, industrial profits are expected to continue growing at a rapid pace." A stronger-than-expected 4.5 per cent expansion in third-quarter GDP put China within reach of its annual growth target of 4.5 per cent to 5.0 per cent, but disparities across different parts of the economy suggest the recovery remains unbalanced, with persistent weakness in some sectors continuing to erode corporate profitability.
这种压力在企业层面变得日益明显。全球最大电动汽车电池制造商宁德时代（CATL）上一季度净利润增速大幅放缓，因电动汽车电池市场竞争激烈挤压利润空间，而此时中国汽车销售正处于低迷期。
That pressure has become increasingly visible at the company level. Net profit growth at the world's largest electric vehicle battery maker, CATL, slowed sharply in the past quarter, as intense competition in the EV battery market squeezed margins at a time when China's auto sales were in a downturn.
国家统计局统计师于卫宁表示，中国将继续运用宏观政策支持增长、扩大内需、优化供给，凸显出以新动能替代传统动能的推进力度。
China will continue to leverage macroeconomic policies to support growth, expand domestic demand and optimize supply, said NBS statistician Yu Weining, underscoring a push to replace traditional growth drivers with new ones.
工业利润数据涵盖主营业务收入在2000万元人民币（约合300万美元）及以上的企业。
Industrial profit figures cover firms with yearly revenue of at least 20 million yuan (US$3.0 million) from main operations.