The National Bureau of Statistics (NBS) released the latest operating data on industrial enterprises above designated size on August 27. From January to July, the total profits of industrial enterprises above designated size nationwide reached 3,102.29 billion yuan, a year-on-year decrease of 8.1% (calculated according to the comparable caliber), and the decrease rate was 4.7 percentage points lower than that in January to June. From January to July, among the industrial enterprises above designated size, the total profits of state-owned holding enterprises were 783.81 billion yuan, a year-on-year decrease of 23.5%. The total profits of joint-stock enterprises were 2209.06 billion yuan, down 9.0%; the total profits of foreign-funded and Hong Kong, Macao and Taiwan invsted enterprises were 858.68 billion yuan, down 3.4%; the total profits of private enterprises were 888.34 billion yuan, down 5.3%. It can be seen that the profits of state-owned holding enterprises drop the most. From January to July, among the 41 major industrial sectors, the total profits of 12 industries increased year-on-year, while 29 industries decreased. At the end of July, the assets of industrial enterprises above designated size totaled 120.89 trillion yuan, up 6.6% year on year. Liabilities totaled 68.50 trillion yuan, up 6.5%. Owners' equity totaled 52.39 trillion yuan, an increase of 6.7%. The asset liability ratio was 56.7%, unchanged year-on-year. At the end of July, the accounts receivables of industrial enterprises above designated size reached 15.59 trillion yuan, an increase of 14.0% over the same period of last year, and the inventories of finished products was 4.48 trillion yuan, an increase of 7.4%. In July, the profits of industrial enterprises above designated size totaled 589.51 billion yuan, a year-on-year increase of 19.6%, 8.1 percentage points faster than that in June. To observe the recovery of the domestic economy after the epidemic and compare it from the perspective of industrial sectors, the recovery of the three industries is relatively good, which is illustrated by the profit growth of industrial enterprises above designated size.