Sign in | Join us  
      
 Popular Searches:diamond,cbn,tuck point blade,cup wheel,saw blade, brown fused alumina
Home -- Information


  Featured Companies
 • Yantai Cct Metal…
 • Dymend Tools Co.,…
 • Henan Boreas New…
 • Yancheng Xiehe Machinery…
 • EKF Industrial Supplies…
 • Ruishi New Material…
 • MORESUPERHARD
 • Henan Banner New…
 • Zhengzhou best synthetic…
 • Zhengzhou Haixu…

 Print  Add to Favorite
Custom your font size:     

Chinese SOE profits up 7.7% in Q1


Post Date: 19 Apr 2013    Viewed: 377

China's State-owned enterprises saw their combined profits expand 7.7 percent year-on-year to 513.73 billion yuan ($82.2 billion) in the first quarter of the year, the Ministry of Finance announced Wednesday.


Remarkable profit growth was posted by SOEs operating in the electronics, electric power, house construction, pharmaceutical and petrochemical sectors. However, some SOEs in the non-ferrous metal, construction materials, coal and chemical sectors saw profit declines.


The afore-mentioned SOEs represent both centrally administered SOEs and local SOEs under the administration of 36 provinces, autonomous regions, municipalities and cities specifically designated in a state plan.


Centrally administered SOEs' profits were up 16.5 percent year-on-year to 404.87 billion yuan, while local SOEs saw a decline of 16 percent to 108.86 billion yuan in profits.


The aggregate revenues of the SOEs rose 9.6 percent year-on-year to 10.3 trillion yuan, according to an MOF statement. In the same period, the enterprises' total assets reached 81.63 trillion yuan, up 13.1 percent year-on-year, the statement said.


Superhard Material of China

Superhard Material of China

Abrasives and Grinding Products of China

Abrasives and Grinding Products of China

Coated Abrasives of China

Coated Abrasives of China

Chia International Abrasives & Grinding Exposition

China International Abrasives & Grinding Exposition

Home | About Us | Members | Contact | Advertising Quotation
Supported by Yuanfa Information Technology co.,Ltd
Copyright ©Abrasivesunion 2006. All rights reserved
Page rendered in 0.0355 seconds
增值电信业务经营许可证:豫B2-20202116  ICP备案:豫B2-20100036-2