According to the information from the National Bureau of Statistics, in August, with major achievements in epidemic prevention and control in China, the effectiveness of implementing the "six stability" and "six guarantees" tasks is increasingly apparent, the production and operation of enterprises have improved, the supply and demand have gradually improved, and the profits of industrial enterprises have steadily increased. In August, the total profits of industrial enterprises above designated size increased by 19.1% year on year, continuing the trend of steady growth.From January to August, the total profits of industrial enterprises above designated size nationwide decreased by 4.4% year-on-year, and the decrease rate was 3.7 percentage points lower than that in January to July.The profit growth in August showed the following characteristics: First, the steady recovery of production and demand. In terms of production, the value added of industrial enterprises above designated size increased by 5.6% year on year in August, 0.8 percentage point faster than that in July. In terms of demand, the cumulative decline in fixed asset investment narrowed further and basically recovered to the level of the same period last year. The monthly growth of the total retail sales of consumer goods turned positive for the first time in the year. Continuous improvement in production and demand has promoted the growth of sales of industrial enterprises. In August, the industrial producer price index continued to rebound. The operating income of industrial enterprises increased by 4.9% year on year, 1.6 percentage points faster than that of July. The expansion of production scale strongly supported the steady growth of profits. Second, unit costs continue to fall and corporate profitability improved. Tax cuts, fee reduction and other relief policies continued to work effective. In August, the cost of industrial enterprises above designated size per 100 yuan of operating income decreased by 0.47 yuan year-on-year, and the fee of operating income per 100 yuan decreased by 0.02 yuan compared with the same period last year. While the pressure on corporate operations has been alleviated, the profitability of enterprises has improved significantly. In August, the operating profit margin of industrial enterprises above designated size increased by 0.8 percentage points year on year, the fourth consecutive month of year-on-year increase.