Statistics
China's SOEs report steady revenue growth in H1
Updated: Aug 2, 2023
Xinhua
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BEIJING -- China's state-owned enterprises (SOEs) saw increased revenue in the first half of this year, official data shows.
The SOEs raked in 41.02 trillion yuan (about 5.75 trillion U.S. dollars) in operating revenue in the January-June period, up 4.9 percent from the same period last year, according to data from the Ministry of Finance.
The combined profits of SOEs went up 5 percent year on year to 2.38 trillion yuan in the first six months.
The SOEs saw their debt-to-asset ratio reach 64.9 percent by the end of June, up 0.4 percentage points from the previous year.
