Ministry of Finance: Economic Performance of National State-owned and State-controlled Enterprises from January to July 2025

From January to July, the total operating income of state-owned and state-controlled enterprises nationwide remained flat compared to the same period last year, with a 3.3% year-on-year decline in total profits. 1. Operating income: From January to July, the operating income of state-owned enterprises was 4.731 trillion yuan, unchanged from the same period last year. 2. Total profits: From January to July, the total profits of state-owned enterprises were 2.4786 trillion yuan, a 3.3% decrease compared to the same period last year. 3. Taxes and fees payable: From January to July, state-owned enterprises' taxes and fees payable were 3.46946 trillion yuan, a 0.4% decrease compared to the same period last year. 4. Debt-to-asset ratio: At the end of July, the debt-to-asset ratio of state-owned enterprises was 65.1%, a 0.3 percentage point increase compared to the same period last year.