Photo taken on Feb. 21, 2020 shows a factory of China Baowu Steel Group Corporation Limited in Shanghai, east China. (Xinhua/Ding Ting)
BEIJING, Feb. 14 (Xinhua) -- China's centrally-administered state-owned enterprises (SOEs) saw double-digit revenues and profit growth in the first month of this year, showed official data Monday.
Net profits of central SOEs expanded by 10.2 percent from a year ago to 142.38 billion yuan (about 22.36 billion U.S. dollars) in January, said the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council.
The central SOEs raked in 3 trillion yuan in combined revenues in the first month of 2022, an increase of 12.4 percent year on year, according to the SASAC.