Chinese SOEs see uptick in Jan-July revenues
Xinhua |
Updated: 2024-08-27 13:17
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BEIJING - China's State-owned enterprises (SOEs) saw a 1.6-percent increase in revenues from January to July this year, the Ministry of Finance said on Tuesday.
Their combined revenues totaled around 47.29 trillion yuan ($6.64 trillion) during this period.
Combined profits dipped 2 percent year-on-year to over 2.57 trillion yuan, the data showed.
SOEs saw their debt-to-asset ratio reach 64.9 percent at the end of July, according to the data.
These figures, excluding financial firms, were collected from SOEs in both provincial-level regions and those administered by the central government.
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