Ministry of Finance: In January-September, total operating revenue of state-owned enterprises fell 3.2% year on year, while total profits rose 3.0% year on year.
In the first nine months of the year, the total operating revenue of state-owned and state-controlled enterprises nationwide fell 3.2% year on year, while total profits rose 3.0% year on year.
On October 30, data from the Ministry of Finance showed that in January-September, the total operating revenue of state-owned enterprises (SOEs) across the country, including both wholly state-owned and state-controlled enterprises, fell 3.2% year on year, while total profits rose 3.0% year on year. 1. Total operating revenue. In January-September, total operating revenue of SOEs was RMB60.00609 trillion, down 3.2% year on year. 2. Total profits. In January-September, total profits of SOEs were RMB3.31035 trillion, up 3.0% year on year. 3. Taxes payable. In January-September, taxes payable by SOEs were RMB4.65898 trillion, up 4.7% year on year. 4. Asset-liability ratio. At the end of September, the asset-liability ratio of SOEs was 65.5%, up 0.4 percentage points year on year.
This article was excerpted from the "Official Website of the Ministry of Finance"; GMTEight editor: Huang Xiaodong.
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