BEIJING: The revenue and profits of China’s state-owned enterprises (SOEs) and state holding enterprises registered expansion in 2023, data from the Ministry of Finance showed on Monday.
The combined operating revenue of these enterprises stood at over 85.73 trillion yuan (about US$12.08 trillion) last year, up 3.6 percent year-on-year, according to China Central Television.
Their total profits rose 7.4 percent year-on-year in 2023 to more than 4.63 trillion yuan (about US$652.9 billion).
In 2023, the main benefit indicators of state-owned enterprises have continued a steady growth and consolidated a good recovery momentum.
Source: Emirates News Agency