From January to may 2019, profits of Industrial Enterprises above designated size decreased by 2.3% and narrowed

From January to may, the total profits of Industrial Enterprises above Designated Size in China reached 2379.02 billion yuan, a year-on-year decrease of 2.3% (calculated on a comparable basis, taking into account the adjustment of the statistical system, the enhancement of statistical law enforcement, the elimination of duplicate data, enterprise reform and divestiture, and the inventory of four economic and general units, see note IV for details), a decrease of 1.1 percentage points over January to April From January to may, among the industrial enterprises above Designated Size, the total profits of state-owned holding enterprises reached 734.23 billion yuan, down 9.7% year-on-year; the total profits of joint-stock enterprises reached 1699.31 billion yuan, up 0.4%; the total profits of foreign-funded, Hong Kong, Macao and Taiwan invested enterprises reached 577.58 billion yuan, down 8.3%; the total profits of private enterprises reached 607.27 billion yuan, up 6.6% From January to may, the total profit of mining industry was 231.12 billion yuan, up 4.7% year on year; the total profit of manufacturing industry was 195.94 billion yuan, down 4.1%; the total profit of power, heat, gas and water production and supply industry was 195.96 billion yuan, up 9.6% From January to may, the total profit of 26 industries increased year on year, while that of 15 industries decreased The profits of main industries are as follows: the total profits of oil and gas exploitation industry increased by 24.0% year on year, the manufacturing of special equipment by 17.7%, the manufacturing of electrical machinery and equipment by 15.9%, the production and supply of electric power and heat by 13.7%, the non-metallic mineral products by 12.9%, the manufacturing of general equipment by 7.4%, and the textile by 3.2% Non ferrous metal smelting and rolling processing industry increased by 2.6%, petroleum, coal and other fuel processing industry decreased by 51.3%, automobile manufacturing industry decreased by 27.2%, ferrous metal smelting and rolling processing industry decreased by 22.4%, chemical raw materials and chemical products manufacturing industry decreased by 13.6%, computer, communication and other electronic equipment manufacturing industry decreased by 13.0%, coal mining and washing industry decreased by 9.4% The agricultural and sideline food processing industry decreased by 3.7% From January to may, the operating revenue of Industrial Enterprises above Designated Size reached 41.61 trillion yuan, a year-on-year increase of 5.1%; the operating cost reached 35.10 trillion yuan, an increase of 5.4%; the profit margin of operating revenue was 5.72%, a year-on-year decrease of 0.43 percentage points By the end of May, the total assets of Industrial Enterprises above designated size were 113.35 trillion yuan, up 6.3% year-on-year; the total liabilities were 64.39 trillion yuan, up 5.3%; the total owner's equity was 48.96 trillion yuan, up 7.7%; the asset liability ratio was 56.8%, down 0.6% year-on-year At the end of May, notes receivable and accounts receivable of Industrial Enterprises above Designated Size reached 16.30 trillion yuan, a year-on-year increase of 4.5%; finished goods inventory reached 4194.49 billion yuan, an increase of 4.1% From January to may, the cost per hundred yuan of business income of Industrial Enterprises above designated size was 84.36 yuan, an increase of 0.21 yuan on a year-on-year basis; the cost per hundred yuan of business income was 8.64 yuan, an increase of 0.21 yuan on a year-on-year basis At the end of May, the operating revenue of Industrial Enterprises above designated size per hundred yuan of assets was 89.5 yuan, a year-on-year decrease of 1.1 yuan; the per capita operating revenue was 1328000 yuan, a year-on-year increase of 11000 yuan; the turnover days of finished goods inventory was 17.5 days, a year-on-year decrease of 0.1 day; the average recovery period of notes receivable and accounts receivable was 54.9 days, a year-on-year increase of 1.4 days In May, industrial enterprises above Designated Size achieved a total profit of 565.56 billion yuan, an increase of 1.1% year on year, and a decrease of 3.7% year on year in April Notes: 1 Index explanation and related notes 1 Total profit: refers to the surplus after deducting various expenses from various incomes in the process of production and operation, reflecting the total profit and loss realized by the enterprise in the reporting period 2 Business income: refers to the inflow of economic benefits generated from the production and operation activities such as the sale of goods, the provision of labor services and the transfer of the right to use assets Including main business income and other business income 3 Operating cost: refers to the actual cost incurred by an enterprise in production and operation activities such as selling goods, providing labor services and transferring the right to use assets Including main business cost and other business cost Operating costs shall be matched with operating revenues 4 Total assets: refers to the resources formed by past transactions or events of the enterprise, owned or controlled by the enterprise, and expected to bring economic benefits to the enterprise 5 Total liabilities: refers to the current obligations of the enterprise formed by past transactions or events, which are expected to cause economic benefits to flow out of the enterprise 6 Total owner's equity: refers to the residual equity enjoyed by the owner after deducting liabilities from the assets of the enterprise 7 Notes receivable and accounts receivable: refers to the amount that an enterprise should receive due to its business activities such as selling goods and providing services, as well as the commercial bills received, including bank acceptance bills and commercial acceptance bills In June 2018, the Ministry of Finance issued the notice on revising and printing the format of financial statements of general enterprises in 2018 (CK [2018] No 15), which revised the format of financial statements of general enterprises The "accounts receivable" item is no longer listed in the balance sheet of enterprises, but "notes receivable and accounts receivable" item In order to be consistent with the financial statements of the enterprise, from 2019, the monthly "accounts receivable" data will be stopped and the "notes receivable and accounts receivable" data will be released instead Relevant indicators shall be adjusted accordingly 8 Finished goods inventory: refers to the finished products that have been processed and produced by the enterprise at the end of the reporting period and have completed all the production processes and can be sold externally 9 Profit rate of operating revenue = total profit ÷ operating revenue × 100%, unit:% 10 Cost per hundred yuan of operating revenue = operating cost ÷ operating revenue × 100, unit: yuan 11 Expenses in operating revenue per hundred yuan = (sales expenses + management expenses + R & D expenses + financial expenses) ÷ operating revenue × 100, unit: yuan 12 Operating revenue per hundred yuan of assets = operating revenue ÷ average assets ÷ accumulated months × 12 × 100, unit: yuan 13 Per capita operating income = operating income ÷ average number of employees ÷ accumulated months × 12, unit: 10000 yuan / person 14 Asset liability ratio = total liabilities ÷ total assets × 100%, unit:% 15 Turnover days of finished goods inventory = 360 × average finished goods inventory ÷ operating cost × accumulated months ÷ 12, unit: day 16 Average payback period of notes receivable and accounts receivable = 360 × average notes receivable and accounts receivable ÷ operating revenue × accumulated months ÷ 12, unit: day 17 In the column of year-on-year growth of total profit in each statement, the column marked with "note" indicates that the total profit in the same period of last year is negative, that is, loss; the column with a positive value indicates that the profit increases year-on-year; the column with a value between 0% and - 100% (excluding 0) indicates that the profit decreases year-on-year; the column with a decrease of more than 100% indicates that the profit in the same period of last year changes to the loss in the current period; the column with a value of 0 Of shows that profits were flat year-on-year 2 In order to fully reflect the income scale of industrial enterprises, from 2019, replace "main business income" with "business income" Relevant indicators shall be adjusted accordingly 3 The previously released data of collective enterprises refer to the enterprises registered as "collective" With the establishment of modern enterprise system, the proportion of enterprises registered as "collective" has been declining (in 2018, the proportion of the operating revenue of collective enterprises accounted for only 0.18% of all industrial enterprises above Designated Size) Therefore, the release of collective enterprise data will be cancelled from 2019 IV the growth rate of total profit, operating revenue and other indicators of Industrial Enterprises above Designated Size shall be calculated on a comparable basis There are incomparable factors between the data in the reporting period and the same index data published in the previous year, so the growth rate cannot be directly compared The main reasons are: (1) according to the statistical system, the survey scope of Industrial Enterprises above designated size is adjusted regularly every year Every year, some enterprises reach the scale standard and are included in the scope of investigation, some enterprises withdraw from the scope of investigation due to the smaller scale, and there are also changes in newly built and put into operation enterprises, bankruptcy, note (hang) and sale enterprises （2） We strengthened statistical law enforcement, cleaned up enterprises found in the inspection of statistical law enforcement that did not meet the requirements of industrial statistics above Designated Size, and revised the relevant base number in accordance with the regulations （3） Strengthen the data quality management, and eliminate the repeated statistical data across regions and industries According to the latest survey on the organizational structure of enterprises carried out by the National Bureau of statistics, from the fourth quarter of 2017, the repeated calculation of enterprise groups (companies) across regions and industries has been eliminated （4） After the implementation of the policy of replacing business tax with value-added tax, service enterprises pay value-added tax instead of value-added tax at a low tax rate Industrial enterprises gradually separate their internal non industrial production and operation activities and turn to service industry, which reduces the financial data of industrial enterprises （5） According to the results of the fourth national economic census, the survey units of Industrial Enterprises above Designated Size have been verified and adjusted 5 Statistical scope: Industrial Enterprises above Designated Size, i.e industrial legal entities with annual main business income of 20 million yuan or more Vi investigation method: the financial statements of Industrial Enterprises above Designated Size shall be comprehensively investigated on a monthly basis (data in January shall not be reported) VII The industry classification standard shall be in accordance with the industry classification standard of national economy (GB / t4754-2017) For details, please refer to http://www.stats.gov.cn/tjsj/tjbz/hyflbz /.