MOC: 1-6 Months, State-Owned Enterprises' Profit Totalled RMB 21825.3 Billion, Down 3.1% Year-on-Year

We have learned from the Ministry of Finance data that in June, the total revenue of state-owned and state-controlled enterprises (hereinafter referred to as state-owned enterprises) across China decreased by 0.2% year-on-year, while their profit totalled RMB 21825.3 billion, down 3.1% year-on-year.

I. Total Revenue. In June, the total revenue of state-owned enterprises was RMB 407495.9 billion, down 0.2% year-on-year.

II. Profit Total. In June, the profit total of state-owned enterprises was RMB 21825.3 billion, down 3.1% year-on-year.

III. Tax Payment. In June, the tax payment of state-owned enterprises was RMB 30026.4 billion, down 0.8% year-on-year.

IV. Asset-Liability Ratio. As of June, the asset-liability ratio of state-owned enterprises was 65.2%, up 0.3 percentage points year-on-year.