Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

Revenues of Chinese SOEs up 1.2 pct in first nine months: data

October 29, 2024


Abstract : 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.

BEIJING, Oct. 28 (Xinhua) -- 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 (about 8.56 trillion U.S. dollars) 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.

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

Scan the QR code and push it to your mobile phone

Keyword: SOEs profits

Reading:

Central SOEs invest 1.4 trln yuan in emerging industries in Q1-Q3

Eastern China city welcomes record-high foreign investment amid vibrant emerging industries

Hotel industry moves to cover lower-tier markets in the rational consumption cycle

China's "city of the future" impresses foreign guests with modern charm

Interview: Chinese market crucial for German companies' long-term success, says Roland Berger executive

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial