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    Home > The total profit of state-owned enterprises is close to 3 trillion yuan

    The total profit of state-owned enterprises is close to 3 trillion yuan

    Echemi 2019-12-09

    Petrochemical-Company

    According to data released by the Ministry of Finance on January 27, from January to October, the total profit of state-owned enterprises was 2939.4 billion yuan, up 5.4% year on year. Among them, the central enterprises reached 1941.76 billion yuan, a year-on-year increase of 7.5%; the local state-owned enterprises reached 997.64 billion yuan, a year-on-year increase of 1.6%. In the first 10 months, the operation of state-owned enterprises was generally stable, reflecting the realization of better benefits and development trend of state-owned enterprises under the support of a series of macro-control policies. " Said Bai Jingming, vice president of the Chinese Academy of financial sciences. In the first 10 months, the main economic indicators of state-owned and state-owned holding enterprises in China maintained a growth trend, and the taxes payable continued to decline. The data shows that from January to October, the total operating revenue of state-owned enterprises was 50129.05 billion yuan, an increase of 6.5% year on year; the total operating cost of state-owned enterprises was 48493.86 billion yuan, an increase of 6.7% year on year; the tax payable of state-owned enterprises was 3767.35 billion yuan, a decrease of 0.2% year on year. According to Bai Jingming, this year's implementation of a larger-scale tax reduction and fee reduction has continued to show its effect. Enterprises "put on the line lightly", effectively promoting the expansion of investment, employment and income of employees, and forming a virtuous circle of enterprise development. In terms of cost profit margin, from January to October, the cost profit margin of state-owned enterprises was 6.1%, down 0.1 percentage points. Among them, central enterprises increased by 7.2%, 0.1%; local state-owned enterprises decreased by 0.3%, 4.8%. In terms of asset liability ratio, at the end of October, the asset liability ratio of state-owned enterprises was 64.3%, the same as that of the same period last year. "With the increasing downward pressure on the economy, the asset liability ratio can be kept at the same level as the same period last year, mainly due to the joint efforts of positive fiscal policy, stable monetary policy and other macro policies, which provide a good operating environment for enterprises." Bai Jingming said.

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