In 2019, The Profit Of Industrial Enterprises In The Whole Country Dropped By 3.3% Compared With The Same Period Last Year.

According to the National Bureau of statistics, the total profit of Industrial Enterprises above Designated Size reached 6 trillion and 199 billion 550 million yuan in 2019, a decrease of 3.3% over the previous year. According to the calculation of the comparable diameter, the adjustment of the caliber stipulated by the statistical system, the enhancement of statistical enforcement, the elimination of duplicated data, the divestiture of enterprise reforms, and the examination of four units by general units were considered. Among them, the total profit of manufacturing industry was 5 trillion and 190 billion 390 million yuan, down 5.2% from the same period last year, accounting for more than 80% of the total profit of industrial enterprises. In the industrial enterprises above Designated Size, the total profits of state holding enterprises, joint-stock enterprises, foreign businessmen and investment enterprises in Hong Kong, Macao and Taiwan all decreased compared with the same period last year, and the total profits of private enterprises increased year-on-year.

In the main industries, the total profit of the textile industry was 100 billion 900 million yuan, down 10.9% compared with the same period last year, and the total profit of the textile, clothing and apparel industry was 87 billion 280 million yuan, down 9.8% compared with the same period last year. The total profit of the chemical fiber manufacturing industry was 31 billion 100 million yuan, down 19.8% compared to the same period last year.

Per capita business income increased year-on-year

In 2019, industrial enterprises above Designated Size realized business income of 105 trillion and 780 billion yuan, an increase of 3.8% over the previous year, operating costs of 88 trillion and 940 billion yuan, an increase of 4.1%, and operating income margin of 5.86%, 0.43 percentage points lower than the previous year. The cost per 100 yuan business revenue is 84.08 yuan, an increase of 0.18 yuan over the previous year, and the cost per 100 yuan business income is 8.97 yuan, an increase of 0.27 yuan over the previous year.

At the end of 2019, the operating income of Industrial Enterprises above 100 yuan per hundred yuan was 92.4 yuan, 2.1 yuan lower than the end of last year; the average operating income per capita was 1 million 411 thousand yuan, an increase of 108 thousand yuan over the previous year; the turnover days of finished goods inventory were 16.9 days, which was the same as that of the previous year; the average payback period of receivables and accounts receivable was 53.7 days, 2 days higher than the end of last year.

Profit decline is affected by multiple factors.

According to Hong Zhu, Senior Statistician of the Industrial Statistics Department of the National Bureau of statistics, in 2019, in the face of the complex environment that domestic and international risks and challenges have risen significantly, the national industrial economic front has thoroughly implemented the decision making arrangements of the Party Central Committee and the State Council, and has steadily promoted the structural reform of the supply side, and the growth of industrial sales has made structural improvements in terms of efficiency. However, the profit of industrial enterprises has declined due to factors such as insufficient market demand, declining industrial prices and rising costs. Mainly affected by the following factors: first, the growth rate of sales of industrial products has dropped. In 2019, the operating income of Industrial Enterprises above designated size increased by 3.8%, and the growth rate dropped by 4.8 percentage points over the previous year. The two is rising costs and squeezing profit margins. In 2019, the cost of industrial revenue per 100 yuan for industrial enterprises above designated size was 84.08 yuan, an increase of 0.18 yuan over the previous year, mainly due to rising cost of raw materials and labor. Three, steel, petrochemical, automobile and other key industries, the decline in profit pulling role is obvious. In 2019, the profits of steel, chemical, automotive, and petroleum processing industries decreased by 37.6%, 25.6%, 15.9% and 42.5% respectively. The total profits of Industrial Enterprises above designated size decreased by 7.4 percentage points over the previous year. Four, the loss of assets impairment has been calculated by individual industries and enterprises. According to the calculation, the loss of assets impairment has been calculated by individual industries and enterprises in 2019. The profit growth rate of Industrial Enterprises above designated size has dropped by 1.2 percentage points over the previous year.

Structural improvement of industrial enterprises

Although the profits of industrial enterprises have declined in 2019, the efficiency has shown a structural improvement.

First, the profits of high-tech manufacturing and strategic emerging industries have kept growing. In 2019, the profit of high-tech manufacturing and strategic emerging industries increased by 4.8% and 3% respectively over the previous year, significantly better than the average level of industrial above scale; the proportion of industrial profits of high-tech manufacturing and strategic emerging industries accounted for 1.2 of total industrial profits and 1.6 percentage points respectively.

Two, private enterprises and small businesses have maintained growth in profits. In recent years, the state has issued a series of policies and measures to promote the development of small and micro enterprises in private enterprises, such as tax reduction, tax reduction, decentralization, innovation support, financial support, and so on, creating a good environment for the development of private small and micro enterprises. In 2019, private enterprises and small business profits increased by 2.2% and 5% respectively over the previous year, showing a steady growth trend.

Three, there are more industries that keep profits growing. In 2019, in the 41 industrial sectors, 28 industries increased profits over the previous year, accounting for over 60%. The profit growth rate of 9 industries is more than two digits.