China's central SOEs invest more in R&D
BEIJING, July 22 (Xinhua) -- China's centrally administered state-owned enterprises (SOEs) invested more in research and development (R&D) to boost innovation-driven growth in the first half of 2022, official data showed Friday.
Central SOEs' total expenditure on R&D amounted to around 378.62 billion yuan (about 56.1 billion U.S. dollars) in the first six months, up 19.7 percent over the same period of last year, said the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council.
The R&D input of central SOEs has maintained double-digit growth during the first six months, and the R&D investment intensity of those companies increased by 0.12 percentage points year on year, according to the SASAC.
SASAC data also showed that the combined revenue of China's central SOEs stood at 19.2 trillion yuan in the January-June period, up 12 percent year on year. Their net profits came in at 1.09 trillion yuan, up 6.1 percent from a year earlier.
Photos
Related Stories
- Chinese SOEs to recruit more university graduates
- Profits of Chinese SOEs drop in Jan.-April
- Over 90 pct of China's SOE reform three-year action plan completed
- China's central SOEs see steady revenue, profit growth in first 2 months
- China urges central SOEs to improve financial management
- China's central SOEs report growth in January
- Profits of Chinese SOEs surge 30.1 pct in 2021
- China's central SOEs report record revenues, profits in 2021
- Central SOEs to invest big in Tibet in 2021-2025 period
- China shores up support for SOEs in northeast region
Copyright © 2022 People's Daily Online. All Rights Reserved.