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Profit Declines 30% At SOEs
Source: Xinhua |
September 21, 2009, Monday
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Print Edition
CHINA'S major state-owned enterprises under the supervision of the central government reported a 30 percent drop in net profit last year, the country's state assets supervisor said over the weekend.
A total of 141 SOEs under the State-owned Assets Supervision and Administration Commission of the State Council reported a net profit of 696.18 billion yuan (US$101.96 billion) last year, down 30.8 percent from a year ago, the commission said.
The total assets of the 141 SOEs rose for the fifth consecutive year. The assets of those firms were worth 5.56 trillion yuan at the end of 2008, up 8.6 percent from the previous year.
A total of 141 SOEs under the State-owned Assets Supervision and Administration Commission of the State Council reported a net profit of 696.18 billion yuan (US$101.96 billion) last year, down 30.8 percent from a year ago, the commission said.
The total assets of the 141 SOEs rose for the fifth consecutive year. The assets of those firms were worth 5.56 trillion yuan at the end of 2008, up 8.6 percent from the previous year.
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