The profit state-owned enterprises in China grew by 21% in six months

State-owned enterprises in China in the first half of the year increased profit by 21.1% compared to the same period last year to 1 trillion 720 billion yuan, the Ministry of Finance of the PRC reported. Revenues of state-owned companies reached 27 trillion 800 billion yuan, increased by 10.2%. Operating expenses increased by 9.5% to 26 trillion 700 billion yuan. The total volume of assets of SOEs at the end of June increased in annual terms by 9.4% to 171 trillion yuan. The volume of liabilities reached 111 trillion yuan, increased by 8.8%. In the first half of the year, the most significant profit increase was recorded in the steel, oil and petrochemical industries.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: