China's Ministry of Finance: State-owned enterprises' economic recovery is further consolidated
China News Service, Beijing, July 23 (Reporter Zhao Jianhua) The Ministry of Finance of China announced on the 23 that the total operating income and total profits of state-owned and state-holding enterprises across the country achieved monthly year-on-year growth for the first time in June. The rate of decline has further narrowed, and the economic recovery has been further consolidated.
Excluding state-owned primary financial enterprises, the total operating income of state-owned enterprises in June increased by 7.1% from the same period last year. From January to June, total operating income was 27953.73 billion yuan (RMB, the same below), a year-on-year decrease of 4.9%, which was 2.8 percentage points narrower than the decline from January to May.
In June, the total operating costs of state-owned enterprises increased by 6.2% from the same period last year. From January to June, the total operating cost of state-owned enterprises was 27459.41 billion yuan, a year-on-year decrease of 2.7%.
In June, the total profit of state-owned enterprises increased by 6.0% from the same period last year. From January to June, the total profit was 1122.53 billion yuan, a year-on-year decrease of 38.8%, which was 13.9 percentage points narrower than the decline from January to May.
In June, the after-tax net profit of state-owned enterprises increased by 7.5% from the same period last year. From January to June, the net profit after tax was 754.66 billion yuan, a year-on-year decrease of 44.6%, and the net profit attributable to the owners of the parent company was 359.59 billion yuan.
In June, the taxes and fees payable by state-owned enterprises increased by 4.7% from the same period last year. From January to June, the taxes and fees payable by state-owned enterprises were 216.36 billion yuan, a year-on-year decrease of 6.0%.
In June, the profit margin of state-owned enterprises' costs and expenses decreased by 0.1 percentage point from the same period last year. From January to June, the profit rate of state-owned enterprises' costs and expenses was 4.1%, a year-on-year decrease of 2.4 percentage points. At the end of June, the asset-liability ratio of state-owned enterprises was 64.6%, an increase of 0.3%. (Finish)