Briefly

SOEs see revenue rise in first 7 months

China's State-owned enterprises (SOEs) and State holding enterprises saw their revenues and profits grow in the first seven months, the Ministry of Finance said on Tuesday. Revenues hit 47.72 trillion yuan ($6.64 trillion), up 4.3 percent year-on-year, while profits reached 2.73 trillion yuan, an increase of 3.9 percent. The companies paid 3.44 trillion yuan in taxes and fees during the January-July period, down 2.9 percent. The asset-liability ratio of SOEs stood at 64.7 percent at the end of July, the ministry said.

Dairy giant Yili's profit up in H1

Chinese dairy giant Yili Industrial Group Co Ltd generated revenue of nearly 66.2 billion yuan ($9.22 billion) in the first half, up 4.31 percent year-on-year, the company said in its interim financial report. Net profit reached 6.31 billion yuan, up 2.85 percent. During the period, the liquid milk business contributed 42.42 billion yuan in revenue, while the milk powder and dairy products business earned 13.52 billion yuan. The company's overseas business revenue grew by 19.9 percent, according to the report.

Xinhua - China Daily