SOEs sustain profit trend
Print Edition
CHINA’S state-owned enterprises continued to generate profit in the first seven months of 2014, according to statistics released by the Ministry of Finance yesterday.
The steel, transport and building material sectors gained strong year-on-year growth, while the coal and chemical industries saw their profits fall in the same period, the ministry said, without revealing the figures.
Meanwhile, the nonferrous metal business suffered from sustained losses.
State-owned financial companies are not in the report.
SOEs posted a revenue of 27.27 trillion yuan (US$4.44 trillion) in the January-July period, up 5.8 percent annually. Their profits rose 9.2 percent year on year to 10.44 trillion yuan.
The latest data also showed the profit growth rate was 0.3 percentage points higher than in the first six months.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
