Ministry of Finance: The total operating income of state-owned enterprises from January to July was 4.728727 trillion yuan, an increase of 1.6% year-on-year.

10:38 27/08/2024

From January to July, the total operating income of all state-owned and state-controlled enterprises in the country increased by 1.6%, while the total profit decreased by 2.0%.

On August 27th, the Ministry of Finance announced the economic operation of state-owned and state-controlled enterprises in China from January to July 2024. From January to July, the total operating revenue of state-owned enterprises was 4.728727 trillion yuan, an increase of 1.6% year-on-year. From January to July, the total profit of state-owned enterprises was 2.57015 trillion yuan, a decrease of 2.0% year-on-year. From January to July, state-owned enterprises paid taxes and fees amounting to 3.48727 trillion yuan, an increase of 1.3% year-on-year. By the end of July, the asset-liability ratio of state-owned enterprises was 64.9%, an increase of 0.1 percentage points. This article is selected from the Ministry of Finance, translated by GMTEight editor: Ye Zhiyuan.

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