Business / Macro

China's major SOEs report assets growth

(Xinhua) Updated: 2014-07-28 09:49

BEIJING - China's State-owned enterprises (SOE) administered by the central authority posted growth in assets, revenue and profits in 2013, the State-owned assets regulator said on Saturday.

The combined assets of 113 such enterprises stood at 35 trillion yuan ($5.7 trillion) at the end of 2013, up 11.7 percent year on year, the State-owned Assets Supervision and Administration Commission said in a report.

They raked in 24.4 trillion yuan in operating revenue last year, up 9.1 percent. Their profits rose 3.6 percent to 1.3 trillion yuan in 2013.

The companies paid a total of 1.9 trillion yuan in taxes last year, up 5 percent year-on-year.

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