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Chinese SOEs report revenue increase in first eight months
Updated: Oct 4, 2024
Xinhua
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BEIJING -- China's state-owned enterprises (SOEs) reported a 1.4 percent year-on-year increase in revenues from January to August this year, according to the Ministry of Finance.
Their combined revenues totaled around 53.81 trillion yuan ($7.56 trillion) during this period.
Combined profits dropped 2.1 percent to about 2.88 trillion yuan from the same period a year ago, the data showed.
SOEs saw their debt-to-asset ratio stand at 64.9 percent at the end of August, according to the finance ministry.
