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Total Profits of State-owned Enterprises Increased By 24.8% Year on Year from January to April

Submit Time:26-06-2017 | Zoom In | Zoom Out

Author: | Source:People's Daily

Abstract:

  According to the latest data released by the Ministry of Finance, from January to April this year, state-owned and state-controlled enterprises across the country economically performed well with stable and sound achievements, and state-owned enterprises' income and profits continued to maintain rapid growth. From January to April, state-owned enterprises' operating income totaled RMB 15.58297 trillion, a year-on-year increase of 17.5%. State-owned enterprises' profits totaled RMB 824.75 billion, a year-on-year increase of 24.8%.

  In terms of the profitability of major industries, coal, steel and nonferrous metal industries which suffered losses in the same period last year continued to remain profitable; oil and petrochemical industries achieved a substantial year-on-year increase in profits; power and other industries experienced a great decline in profits year on year.


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