Connect with us

Hi, what are you looking for?

Imsilkroad

Chinese SOEs report rising profits in Q1

Abstract : The combined profits of China's state-owned enterprises (SOEs) reached 961.45 billion yuan (about 148.1 billion U.S. dollars) in the first quarter of this year, up 190 percent year on year, official data showed Tuesday.

BEIJING, April 27 (Xinhua) — The combined profits of China’s
state-owned enterprises (SOEs) reached 961.45 billion yuan (about 148.1
billion U.S. dollars) in the first quarter of this year, up 190 percent
year on year, official data showed Tuesday.

During the period, the profits of centrally administered SOEs rose
130 percent year on year to 696.57 billion yuan, according to the
Ministry of Finance.

The SOEs saw their total revenue surge 33.3 percent year on year to over 16.37 trillion yuan.

The revenue of centrally administered SOEs went up 27.3 percent year on year to over 9.39 trillion yuan.

At the end of March, the debt-to-asset ratio of the country’s SOEs
came in at 64.3 percent, flat with the level seen during the same period
last year, the data showed. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: Chinese SOEs report rising profits in Q1

Press Release Wring Service
Press Release Wring Service Senmer Press Release Service

Trending

You May Also Like

Purifier

Hot selling well newest reserch humidifier with three grades mist output air purifiers 1 Specification& function Specification Product name 6-Stage Purification Air Purifier With Negative Anion and Humidifier Model No. OLS-K05 Negative ionic releasing(/cm3) 50 million...

Purifier

Best indoor air purifier small house purification with HEPA Porduct Name Air Purifier Model A3 Style Household / business type Lowest Noise 30 dB Particulate CADR 200m³/h Highest Noise 58 dB Voltage 110 / 220V(Optional) Rated Power...

Sticky Post

Repost Your Products Articles To Web2.0 + Social Sites + Photo Sites + Bookmark Sites 0.5$ to publish 1 article to 15 sites,average just...

Purifier

We believe that always we would hear the hydrogen water have antioxidation fuction, actually we don’t know what is antioxidation and why it’s so...