In this undated photo, a technician of China Guodian Corp checks facilities in Lanzhou, capital of Gansu province. (PHOTO / XINHUA)

BEIJING - The combined profits of China's state-owned enterprises (SOEs) reached around 2.39 trillion yuan (about US$368.94 billion) in the first half of this year, up 110 percent year-on-year, official data showed Tuesday.

During that period, the centrally administered state-owned enterprises doubled their profits year-on-year to nearly 1.59 trillion yuan, according to the Ministry of Finance

During that period, the centrally administered SOEs doubled their profits year-on-year to nearly 1.59 trillion yuan, according to the Ministry of Finance. 

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The SOEs saw their total revenue rise 27.7 percent year-on-year to over 35.41 trillion yuan.

The revenue of centrally administered SOEs increased by 25.4 percent year-on-year to top 19.93 trillion yuan.

At the end of June, the debt-to-asset ratio of the country's SOEs came in at 64.3 percent, down by 0.2 percentage points from the level seen in the same period last year, the data showed. 

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