Total profits of China's SOEs hit $650 billion in 2023
(ECNS) -- The profits of China's state-owned enterprises (SOEs) recorded stable growth in 2023, according to China's Ministry of Finance on Monday.
Total profits of China's SOEs increased 7.4 percent year on year to 4.6 trillion yuan ($650 billion) last year.
During this period , the operation revenue of China's SOEs hit 8.6 trillion Yuan, marking an increase of 3.6 percent year on year.
China's SOEs paid 5.9 trillion yuan infees and taxes in 2023, down 0.5 percent year on year.
The average debt-to-asset ratio stood at 64.6 percent at the end of last year, up 0.3 percent year on year.
Related articles
Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
PRISTINA, Kosovo (AP) — Kosovo’s Cabinet renewed efforts with a new draft law on renting a prison in2024-05-21Academicians vow greater contributions
New academicians Chen Chunying, Yan Ning and Duan Huiling (front from left) take a group photo after2024-05-21The only land port between China and Pakistan welcomed its first customs clearance of 2024
Beijing, January4 (Youth.cn) -On January 2nd, 2024, in Kashgar, Xinjiang Uygur Autonomous Region, Kh2024-05-21The northern section of Beijing Subway Line 17 will open by the end of the year
Beijing, December19 (Youth.cn) -A photo taken on December 18th, 2023shows Taiyanggong Station on Bei2024-05-21Christopher Reeve Super/Man documentary
Christopher Reeve documentary - Super/Man: The Christopher Reeve story - is set to be released in ci2024-05-21China slams U.S.' citing mutual defense treaty to back Philippine provocations in South China Sea
China on Wednesday reiterated its stance over South China Sea including the Ren'an Jiao (Ren'ai Reef2024-05-21
atest comment