In 2019, the total profit of state-owned enterprises increased by 4.7%

According to the data released by the Ministry of Finance on the 21st, the main economic indicators of state-owned and state-owned holding enterprises in 2019 maintained a growth trend, and the taxes payable continued to decline. Among them, in 2019, state-owned enterprises realized a total profit of 3596.1 billion yuan, an increase of 4.7% year on year. At the end of December 2019, the asset liability ratio of state-owned enterprises was 63.9%, down 0.2 percentage points. In terms of total operating revenue, in 2019, the total operating revenue of state-owned enterprises reached 6255.25 billion yuan, an increase of 6.9% year on year. Among them, central enterprises reached 35899.38 billion yuan, an increase of 6.0% year on year; local state-owned enterprises reached 26652.67 billion yuan, an increase of 8.2% year on year. In terms of total operating costs, in 2019, the total operating costs of state-owned enterprises reached 60906.61 billion yuan, a year-on-year increase of 7.1%.

Among them, 34490.0 billion yuan was from central enterprises, up 5.9% year on year; 26416.61 billion yuan was from local state-owned enterprises, up 8.6% year on year. In terms of total profit, the total profit of state-owned enterprises in 2019 was 3596.1 billion yuan, up 4.7% year on year. Among them, the central enterprises reached 2265.27 billion yuan, a year-on-year increase of 8.7%; the local state-owned enterprises reached 1330.83 billion yuan, a year-on-year decrease of 1.5%. The net profit of state-owned enterprises after tax was 2631.84 billion yuan, up 5.2% year on year, and the net profit attributable to the owners of the parent company was 1549.6 billion yuan. Among them, the central enterprises accounted for 1653.99 billion yuan, up 10.4% year on year, and the net profit attributable to the owners of the parent company was 964.42 billion yuan; the local state-owned enterprises accounted for 977.85 billion yuan, down 2.7% year on year, and the net profit attributable to the owners of the parent company was 585.19 billion yuan.

In terms of taxes payable, in 2019, the taxes payable by state-owned enterprises reached 4609.63 billion yuan, down 0.7% year on year. Among them, the central enterprises reached 3231.71 billion yuan, a year-on-year decrease of 0.7%; the local state-owned enterprises reached 1377.92 billion yuan, a year-on-year decrease of 0.6%. In terms of cost profit margin, the cost profit margin of state-owned enterprises in 2019 is 6.0%, down 0.1 percentage points. Among them, central enterprises increased by 6.7%, 0.2%; local state-owned enterprises decreased by 0.5%, 5.1%. In terms of asset liability ratio, at the end of December 2019, the asset liability ratio of state-owned enterprises was 63.9%, down 0.2 percentage points. Among them, the central enterprises accounted for 67.0%, down 0.4%; the local state-owned enterprises accounted for 61.6%, up 0.1%.