Chinese central state firms' net profit tops 80 billion yuan in April

16:48, May 24, 2011      

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The net profit of China's central state-owned enterprises (SOEs) is estimated to have reached 82.11 billion yuan in April, surpassing the 80-billion-yuan mark for the first time in 2011.

Meanwhile, the central SOEs, which refer to those state-owned enterprises administered by China's central government, realized a combined net profit of 290.69 billion yuan during the January-April period, increasing by 18.2 percent year-on-year in the first four months, according to statistics issued by State-owned Assets Supervision and Administration Commission on May 23.

The statistics also show that the revenues of the central SOEs rose 24.1 percent year-on-year to 6.08 trillion yuan from January to April. Out of that total, the net profit belonging to owners of parent companies is 191.77 billion yuan, increasing by 20.4 percent year-on-year.

The central SOEs had 553.99 billion yuan payable in taxes and fees for the first four months, up 27.3 percent from the same period of last year, according to the statistics.

By Ye Xin, People's Daily Online
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