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Home > News > Valuable News > Yhe revenue of state-owned enterprises increased by 7.1%

Yhe revenue of state-owned enterprises increased by 7.1%

ECHEMI 2019-11-05

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The Ministry of Finance recently released the main economic indicators of state-owned and state holding enterprises from January to September this year. The data shows that the operating revenue and total profit of state-owned enterprises continue to maintain the growth trend, and the taxes payable continue to decline. From January to September, the total operating revenue of state-owned enterprises was 44890.88 billion yuan, up 7.1% year on year. Among them, central enterprises reached 26013.26 billion yuan, an increase of 5.5% year on year; local state-owned enterprises reached 18877.62 billion yuan, an increase of 9.2% year on year. From January to September, the total profits of state-owned enterprises reached 2716.30 billion yuan, up 6.6% year on year. Among them, the central enterprises reached 1794.16 billion yuan, a year-on-year increase of 6.8%; the local state-owned enterprises reached 922.14 billion yuan, a year-on-year increase of 6.3%. The after tax net profit of state-owned enterprises was 2028.99 billion yuan, up 7.8% year on year, and the net profit attributable to the owners of the parent company was 1227.98 billion yuan. The effect of tax reduction and fee reduction continues to show. From January to September, the tax payable by state-owned enterprises was 3391.48 billion yuan, down 0.5% year on year. Among them, the central enterprises reached 2433.41 billion yuan, a year-on-year decrease of 0.5%; the local state-owned enterprises reached 958.07 billion yuan, a year-on-year decrease of 0.5%.

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