From January to February, the national state-owned and state-owned holding enterprises ① (hereinafter referred to as state-owned enterprises) benefit stabilized and recovered, achieving a good start.

1. Gross operating income. From January to February, the total revenue of state-owned enterprises was 12,239.52 billion yuan, up by 5.0 percent year-on-year.

2. Total profits. From January to February, total profits of soes reached 650.56 billion yuan, up 9.9 percent year on year.

3. Taxes payable. From January to February, soes paid 1.092.39 billion yuan in taxes, up 3.2 percent year on year.

4. Asset-liability ratio. At the end of February, the debt-to-asset ratio of soes was 64.6 percent, up 0.3 percentage points.

(1)The national state-owned and state-holding enterprises mentioned in this month's report include central enterprises that the State-owned Assets Supervision and Administration Commission and the Ministry of Finance perform the responsibilities of investors, enterprises affiliated to central departments and units, local state-owned and state-holding enterprises in 36 provinces (autonomous regions, municipalities directly under the Central Government, cities separately listed in the plan), state-owned and state-holding enterprises affiliated to Xinjiang Production and Construction Corps, excluding state-level financial enterprises.

(2) Due to the influence of objective factors such as changes in enterprise growth and decline and changes in equity ownership, the enterprises included in the total scope of state-owned and state-owned holding enterprises in different periods are not completely the same. The relevant data of year-on-year growth reported this month are calculated by comparing the data of enterprises in this year and the data of the same caliber in the same period of last year.

Source: Ministry of Finance of the People's Republic of China