Overall stable operation of state-owned enterprises in the first 11 months

According to the latest data released by the Ministry of finance, from January to November this year, the total operating revenue of state-owned and state-owned holding enterprises reached 55.75 trillion yuan, an increase of 6.4% year on year. From January to November, the total revenue of state-owned enterprises increased by 6.4% to 55.75 trillion yuan on a year-on-year basis, the total profit increased by 5.3% to 3.2 trillion yuan on a year-on-year basis, the tax payable decreased by 0.4% to 4.13 trillion yuan on a year-on-year basis, the profit margin of cost decreased by 0.1 percentage point to 6.0%, and the asset liability ratio was 64.4%. Bai Jingming, vice president of China Academy of financial Sciences: from the main economic indicators such as the profits of state-owned enterprises in the first 11 months, the operation of state-owned enterprises is generally stable and the economic benefits are improved, which is in line with the overall stable and steady development trend of China's economic operation. This year, China will implement a larger scale of tax reduction and fee reduction, which is expected to exceed 2 trillion yuan in the whole year. The decrease of taxes payable by state-owned enterprises is the embodiment of the effect of tax reduction policy.