Published: 17:38, October 28, 2024
Revenues of Chinese SOEs up 1.2% in first nine months
By Xinhua
In this file photo dated Nov 18, 2020, an engineer assembles an axial-flow compressor at a workshop of the Shaanxi Blower (Group) Co Ltd, a state-owned enterprise, in Xi'an, Northwest China's Shaanxi province. (PHOTO / XINHUA)

BEIJING - China's state-owned enterprises (SOEs), excluding state-owned financial enterprises, reported a 1.2 percent year-on-year increase in revenues from January to September of this year, according to data released by the Ministry of Finance on Monday.

Their combined revenues reached nearly 61.06 trillion yuan ($8.56 trillion) during the period, while combined profits reached about 3.25 trillion yuan, down 2.3 percent year-on-year, the data showed.

In the first nine months of the year, the Chinese SOEs' tax and fee payables grew 0.1 percent year-on-year to over 4.41 trillion yuan, the data showed.

Meanwhile, the debt-to-asset ratio of Chinese SOEs stood at 64.9 percent at the end of September, according to the data.

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These figures were collected from SOEs in both provincial-level regions and those administered by the central government.