The story appears on

Page A11

April 24, 2019

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business

SOEs report stable profit growth for first quarter

Profits of state-owned enterprises maintained stable growth in the first quarter of 2019, official data showed yesterday.

The combined profits of SOEs rose 15.6 percent year on year to 819.77 billion yuan (US$122 billion), the Ministry of Finance said on its website.

SOEs generated a revenue of almost 14 trillion yuan during the period, up 8.9 percent from a year earlier, and operating costs increased 9.2 percent to 13.52 trillion yuan.

By the end of March, total SOE assets had reached 190.27 trillion yuan, up 9 percent in the first three months of the year, while liabilities increased 8.8 percent to 122.57 trillion yuan.

The debt-to-asset ratio of SOEs dropped 0.1 percentage point to 64.4 percent, according to the MOF.

SOEs in sectors including oil and transport posted robust profit growth during the period.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend