On June 23, the Ministry of Finance announced on the 23rd the economic performance of state-owned and state-holding enterprises (hereinafter referred to as state-owned enterprises) across the country from January to May 2021.
From January to May, the total operating income of state-owned enterprises was 28216.44 billion yuan, a year-on-year increase of 30.5%, and an average increase of 8.9% over the two years. Among them, central enterprises amounted to 1.5964.99 billion yuan, a year-on-year increase of 27.4%, and an average growth rate of 7.5% in the two years; local state-owned enterprises amounted to 12,251.45 billion yuan, an increase of 34.8% year-on-year, and an average growth rate of 10.9% over the two years.
From January to May, the total profit of state-owned enterprises was 1793.93 billion yuan, a year-on-year increase of 1.7 times, an average increase of 13.5% in the two years. Among them, central enterprises amounted to 1248 trillion yuan, a year-on-year increase of 1.3 times, an average increase of 14.2% in two years; local state-owned enterprises were 545.93 billion yuan, an increase of 3.3 times year-on-year, and an average increase of 11.9% in two years.
As of the end of May, the asset-liability ratio of state-owned enterprises was 64.3%, a year-on-year decrease of 0.2%, central enterprises 66.9%, a year-on-year decrease of 0.7%, and local state-owned enterprises 62.6%, a year-on-year increase of 0.1%.
(Source: Sino-Singapore Jingwei)
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