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<< Back The profit status of China's state-owned enterprises in the first 4 months of 2017.
2017-06-05

The total profits of China’s state-owned enterprises reached 824.75 billion yuan during January to April, up by 24.8% YoY. Coal, steel and nonferrous sectors which suffered losses in the same period last year have stayed profitable. Oil and petrochemical companies saw relatively large profit growth, while electric power companies suffered a sharp drop in profits. In the first 4 months, state-owned enterprises realized a moderate but stable and sound growth with income and profits continuing to maintain rapid growth.
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