90% SOEs profitable
Source: Agencies |
January 16, 2016, Saturday
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Print Edition
Print Edition
OVER 90 percent of China’s state-owned enterprises were profitable last year, the State-owned Assets Supervision and Administration Commission said yesterday.
Zhang Yi, SASAC director, said that despite a year-on-year drop in the overall profits amid an economic slowdown, the average gross profit rate of the SOEs rose 1 percent in 2015 and the annual ratio of profit to cost gained 0.1 percentage points. The debt-to-asset ratio shed 0.5 percentage points.
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