App | 中文 |

HOME >> ARCHIVE >> STATISTICS

China's SOEs post steady profit growth in first 10 months

Updated: Dec 01,2019 07:09 PM    Xinhua

BEIJING — Profits of Chinese State-owned enterprises (SOEs) grew steadily in the first 10 months of 2019, official data showed.

The combined profits of China's SOEs rose 5.4 percent year-on-year to 2.94 trillion yuan (about $418 billion) for the January-October period, the Ministry of Finance said on its website.

The pace edged down from the 6.6 percent increase in the first nine months.

The centrally-administered SOEs generated a combined profit of 1.94 trillion yuan, up 7.5 percent year-on-year.

Total revenues of the SOEs reached 50.13 trillion yuan during the period, up 6.5 percent from a year earlier.

The debt-to-asset ratio of the SOEs stood at 64.3 percent by the end of October, unchanged from the same period last year, according to the ministry.

VIDEOS

VIDEOS

SERVICES

CONTACT THE PREMIER

Mobile