花辨直播官方版_花辨直播平台官方app下载_花辨直播免费版app下载

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Profits of China's SOEs continue to rise

Xinhua | Updated: 2020-12-25 14:44
Share
Share - WeChat
A CNOOC employee uses a wireless communication device on an offshore drilling platform in the South China Sea. [Photo by Wang Yuguo/for China Daily]

BEIJING -- Profits and revenues of China's State-owned enterprises (SOEs) continued to grow in November, data showed Thursday.

The SOEs saw their aggregate net profits after taxes go up by 47.2 percent year-on-year last month, while the operating revenue climbed 6 percent, according to data from the Ministry of Finance.

In the first 11 months, the SOEs raked in 55.61 trillion yuan (about $8.51 trillion) in revenues, up 0.8 percent year-on-year, said the ministry.

The growth is 0.6 percentage points faster than the rise in the Jan-Oct period, data from the ministry showed.

Their net profits after taxes totaled about 2.21 trillion yuan, down 7.1 percent year-on-year during the 11-month period, the ministry said.

SOEs' debt-to-asset ratio came in at 64.5 percent at the end of November, up by 0.2 percentage points compared with the same period last year.

The figures, which exclude financial firms, were collected from SOEs in provincial-level regions and those administered by the central government.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE