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Economy

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China's central SOEs deliver strong performance in H1

July 12, 2018


Abstract : Profits of China's centrally-administered State-owned enterprises (SOEs) surged 23 percent from a year earlier in the first half of 2018, official data showed Thursday.

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BEIJING, July 12 (Xinhua) -- Profits of China's centrally-administered State-owned enterprises (SOEs) surged 23 percent from a year earlier in the first half of 2018, official data showed Thursday.

Combined profits of China's central SOEs totaled 887.79 billion yuan ($133.1 billion) in the January-June period, the State-owned Assets Supervision and Administration Commission (SASAC) said.

In June, central SOEs' profits increased 26.4 percent year-on-year to a historic high of 201.88 billion yuan, according to Peng Huagang, a spokesperson for the SASAC.

The total revenues of central SOEs stood at 13.7 trillion yuan in the first half, up 10.1 percent year-on-year.


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