RT Banner 2021V4.gif

China Daily

News> Business> Content
Published: 12:43, November 25, 2021
Profits of Chinese SOEs up 47.6% in Jan-Oct
By Xinhua
Published:12:43, November 25, 2021 By Xinhua

This undated file photo shows an ethylene project at Sinopec Zhenhai Refining and Chemical Company in Ningbo, east China's Zhejiang province. (SINOPEC ZHENHAI REFINING AND CHEMICAL COMPANY / HANDOUT VIA XINHUA)

BEIJING - The combined profits of China's state-owned enterprises rose 47.6 percent year on year to over 3.8 trillion yuan (about 594 billion US dollars) in the first 10 months of this year, official data showed Thursday.

The SOEs saw their operating revenue up 22.1 percent year on year to around 60.4 trillion yuan, according to the Ministry of Finance

During the period, the SOEs saw their operating revenue up 22.1 percent year on year to around 60.4 trillion yuan, according to the Ministry of Finance.

The centrally-administered SOEs saw their profits increase 44 percent year on year to 2.53 trillion yuan in the first 10 months.

READ MORE: Central SOE profits up 66% during first 3 quarters

The revenue of centrally-administered SOEs rose 21.3 percent year on year to 33.85 trillion yuan.

At the end of October, the debt-to-asset ratio of the country's SOEs came in at 64.3 percent, flat with the level seen in the same period last year, data showed. 


Share this story

CHINA DAILY
HONG KONG NEWS
OPEN
Please click in the upper right corner to open it in your browser !