First ten months of 2010 present SOEs with 1.63 trillion yuan in net profit

15:36, November 19, 2010      

Email | Print | Subscribe | Comments | Forum 

  Revenue nailed by China's State-owned Enterprises (SOEs) from this year's January to October reached 1.63 trillion yuan ($245.59 billion), operational data released by the Ministry of Finance showed Friday.

  The data were summarized from 82 central government-owned and holding companies; 126 central government-managed companies. State-owned and holding financial firms were not taken into account.

  The results show that China's SOEs generated 24.57 trillion yuan ($3.70 trillion) of operational revenue from January to October this year, a growth by 33.9 percent year-on-year and deficit by 3.7 percent month-on-month.

  Totalized, the amount reaches 23.08 trillion yuan ($3.48 trillion), increasing by 32.9 percent year-on-year and a deficit by 2.4 percent month-on-month.

  Net profit during the period maintained a gain of 1.63 trillion yuan ($245.59 billion), up 44.8 percent year-on-year and 0.4 percent month-on-month.

  Industries of chemical engineering, non-ferrous metal metallurgy, transportation, iron and steel manufacturing, power and others saw fast growth over the last year.

Source: Global Times

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese Navy soldiers hold an evening party marking the upcoming 62nd National Day aboard Chinese Navy hospital ship "Peace Ark" in the Pacific on Sept. 28, 2011. The Chinese National Day falls on Oct. 1. (Xinhua/Zha Chunming)
  • Photo taken on Sept. 30, 2011 shows the crowd at the plaza of Beijing Railway Station in Beijing, capital of China. The railway transportation witnessed a travel peak with the approach of the seven-day National Day holidays on Friday. (Xinhua)
  • A man wearing high-heel shoes takes part in the 3rd annual Walk a Mile in Her Shoes, an event when men literally walk in women's shoes to raise awareness about ending violence against women, at Yonge-Dundas Square in Toronto, Canada, Sept. 29, 2011. (Xinhua/Zou Zheng)
  • Photo taken on Sept. 29, 2011 shows a cargo ship in danger on the sea near Zhuhai City, south China's Guangdong Province. Cargo ship Fangzhou 6 of Qingzhou of southwest China's Guangxi Zhuang Autonomous Region lost control after water stormed into its cabin due to Typhoon Nesat on the sea near Zhuhai Thursday, leaving 12 crew members in danger. Rescuers rushed to the ship and saved them by using a helicopter. (Xinhua)
  • Actress Gong Li poses for L'Officiel Magazine. (Xinhua Photo)
  • Demonstrators from the Occupy Wall Street campaign hold placards as they march in the financial district of New York September 29, 2011. After hundreds of protesters were denied access to some areas outside the New York Stock Exchange on September 17, demonstrators set up a rag-tag camp three blocks away. Zuccotti Park is a campground festooned with placards and anti-Wall Street slogans. The group is adding complaints of excessive police force against protesters and police treatment of ethnic minorities and Muslims to its grievances list, which includes bank bailouts, foreclosures and high unemployment. (Xinhua/Reuters Photo)
Hot Forum Discussion