Connect with us

Hi, what are you looking for?

Imsilkroad

Profits of China’s state firms rebound in May

Abstract : The profits of China's state-owned enterprises (SOEs) recovered in May as economic activities gradually normalized, official data showed Monday.

BEIJING, June 29 (Xinhua) — The profits of China’s state-owned enterprises (SOEs) recovered in May as economic activities gradually normalized, official data showed Monday.

Month on month, the combined profits of SOEs surged 251.1 percent in May, recovering to 94.5 percent of the level seen during the same period last year, according to data from the Ministry of Finance.

In the first five months, their profits totaled 663.09 billion yuan (about 93.65 billion U.S. dollars), down 52.7 percent year on year due to the impact of the novel coronavirus outbreak.

SOEs have generated combined revenue of 21.84 trillion yuan during the five-month period, down 7.7 percent from the same period last year, and their operating costs saw a 4.9-percent fall to 21.61 trillion yuan, the ministry said.

SOEs’ debt-to-asset ratio came in at 64.6 percent at the end of May.

The figures, which exclude financial firms, were collected from SOEs in 36 provincial-level regions and those administered by the central government. 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: Profits of China’s state firms rebound in May

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...