In a research report released by CITIC Securities, it was revealed that industrial enterprises managed to surmount challenges posed by tariffs and extreme weather conditions in July, achieving stable revenue growth and mitigating profit declines. Notably, the midstream sector witnessed a substantial rebound in profit growth rates, accompanied by a continuous expansion of profit margins, serving as the primary catalyst for the improvement in overall industrial profits. This upswing could be attributed, in part, to the enhancement of profit margins in certain industries due to the implementation of "anti-involution" policies. At the industry level, the raw material manufacturing sector, which was influenced by these policies, experienced a notable price resurgence in July, translating into favorable profit performance. Additionally, emerging industries including semiconductors, aerospace, and pharmaceuticals demonstrated robust growth dynamics. Looking ahead, despite the pressure on domestic demand indicators in July's economic data, industries that have been proactive in their "anti-involution" efforts and those capitalizing on new international trends are anticipated to emerge as structural highlights.