Global EditionASIA 中文双语Français
Home / Business / Macro

Net profits of central SOEs grew in 2020

By Zhong Nan | | Updated: 2021-01-19 10:20
Share - WeChat
CRRC employees work on an assembly line in Yibin, Sichuan province, in May. [Photo by Zhuang Geer/For China Daily]

The net profit of China's centrally-administered State-owned enterprises grew by 2.1 percent year-on-year to 1.4 trillion yuan ($215.74 billion) in 2020, according to the country's State assets regulator.

Nearly 80 percent of central SOEs saw increasing net profit on a yearly basis last year, said Peng Huagang, secretary-general of the State-owned Assets Supervision and Administration Commission of the State Council.

Central SOEs gained 176 billion yuan in net profit in December, the highest for that period in history. Their monthly net profits have maintained double-digit growth for six consecutive months since the second half of last year.

Affected by the COVID-19 pandemic, the total operating revenue of central SOEs fell 2.2 percent on a year-on-year basis to 30.3 trillion yuan in 2020.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349