Related News
Chinese SOEs profit growth slows Jan-Feb
Online Edition
CHINESE state-owned enterprises (SOEs) saw their combined profits grow at a slower pace in the first two months of 2014 amid signs of a slowing economy, new data showed on Friday.
The total profits of SOEs edged up 2.8 percent year on year to 326.54 billion yuan (53.12 billion U.S. dollars) in the first two months, the Ministry of Finance (MOF) said in a statement.
The pace was lower than a 9.7-percent growth seen in the same period of last year and 5.9 percent for the whole year of 2013.
The slowdown in profit growth came amid increasing signs of a slowing Chinese economy.
According to the National Bureau of Statistics, the purchasing managers' index for the manufacturing sector retreated to an eight-month low in February and slowed for the third month in a row.
The growth of China's power consumption, a key barometer of economic activity, also slowed by one percentage point from a year earlier to 4.5 percent in the first two months.
The profits of centrally administered SOEs were up 3.9 percent from a year earlier to 264.27 billion yuan, while local SOEs saw their profits decline by 2 percent to 62.27 billion yuan.
Firms in the machinery, real estate, automobiles, trade and electricity sectors saw remarkable profit growth, whereas SOEs in transport, steel, non-ferrous metal and the chemical industries suffered losses, the MOF said.
Revenues rose 6.7 percent year on year to 6.98 trillion yuan and total costs increased 6.6 percent to 6.71 trillion yuan.
All firms turned in 64.34 billion yuan in taxes in the first two months, up 3.8 percent year on year.
Their total assets rose 10.8 percent to 92.31 trillion yuan at the end of last month, the statement said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
