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MOF: CN 5M24 Total Profits of SOEs Hike 2.3% YoY
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The Ministry of Finance (MOF) of the People's Republic of China announced the economic performance of state-owned enterprises (SOEs) and state-controlled enterprises in the first five months of 2024. The data showed that the total operating revenue of SOEs amounted to RMB32.85 trillion, representing a year-on-year growth of 3.1%; and the total profit of SOEs amounted to RMB1.71 trillion, representing a year-on-year growth of 2.3%. Taxes payable by SOEs amounted to RMB2.5 trillion, up 1.5% year-on-year. As of the end of May, the gearing ratio of SOEs was 64.9%, up 0.2 ppts. AAStocks Financial News |
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