Related News
SOEs' profit eases slightly
By Wang Yanlin |
November 20, 2010, Saturday
|
Print Edition
Print Edition
NET earnings of Chinese state-owned enterprises gained 44.8 percent from a year earlier to 1.6 trillion yuan (US$240.6 billion) in the first 10 months of this year, the Ministry of Finance said yesterday.
Although the pace eased from the increase of 46 percent in the first three quarters, the growth was stable and reflected China's fast-expanding economy.
Revenue of the Chinese SOEs from January to October climbed an annual 33.9 percent to 24.5 trillion yuan.
But analysts warned that rising prices may eat into companies' earnings.
"Chinese SOEs are a big beneficiary of the country's stimulus measures," said Li Maoyu, an analyst at Changjiang Securities Co. "But with the fading effect of the stimulus and tightening monetary policies, state-owned companies may grow less quickly in the near future."
Higher production costs also ate into the SOEs' net earnings in October, said Dong Xian'an, an analyst at Industrial Securities.
"Much more expensive raw materials have eaten into, and will continue to erode, companies' profit margins," Dong said.
Although the pace eased from the increase of 46 percent in the first three quarters, the growth was stable and reflected China's fast-expanding economy.
Revenue of the Chinese SOEs from January to October climbed an annual 33.9 percent to 24.5 trillion yuan.
But analysts warned that rising prices may eat into companies' earnings.
"Chinese SOEs are a big beneficiary of the country's stimulus measures," said Li Maoyu, an analyst at Changjiang Securities Co. "But with the fading effect of the stimulus and tightening monetary policies, state-owned companies may grow less quickly in the near future."
Higher production costs also ate into the SOEs' net earnings in October, said Dong Xian'an, an analyst at Industrial Securities.
"Much more expensive raw materials have eaten into, and will continue to erode, companies' profit margins," Dong 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.
