emirates7 - Official data released Tuesday showed that China’s state-owned and state-controlled enterprises (SOEs) experienced slight declines in both profits and revenues during the first half of 2025.
According to the Ministry of Finance, profits dropped by 3.1% compared to the same period last year, while operating revenues dipped by 0.2%.
The total taxes and fees paid by these companies amounted to approximately 3 trillion yuan (around US$419.52 billion), marking a 0.8% decrease year-on-year.
By the end of June, the asset-liability ratio of the SOEs stood at 65.2%.
According to the Ministry of Finance, profits dropped by 3.1% compared to the same period last year, while operating revenues dipped by 0.2%.
The total taxes and fees paid by these companies amounted to approximately 3 trillion yuan (around US$419.52 billion), marking a 0.8% decrease year-on-year.
By the end of June, the asset-liability ratio of the SOEs stood at 65.2%.