By Dai Qi
China's central state-owned enterprises (SOEs) saw a surge in their operating revenues by 11 percent year-on-year in the first three quarters of this year to 21.1 trillion yuan (3.05 trillion U.S. dollars), official data showed on Monday.
The increase is a 0.9 percentage point faster than that in the first half of this year, and the operating revenue has been raised by over 10 percent for four consecutive months.
In September alone, the central SOEs achieved an operating revenue of 2.6 trillion yuan (375.72 billion U.S. dollars), up by 11.2 percent year-on-year.
Among them, 19 enterprises witnessed an operating revenue increase by over 20 percent and 45 of over 10 percent in the same month.
Meanwhile, the central SOEs saw an accumulative total profit surge by 21.5 percent year-on-year to about 1.35 trillion yuan (194.95 billion U.S. dollars) in the first three quarters, up by over 20 percent for the fifth consecutive month.
For the industrial central SOEs, the total profit was 768.67 billion yuan (111.08 billion U.S. dollars), up by 33.7 percent year-on-year, 12.2 percentage points higher than that of all the central SOEs.
The profit for the industrial central SOEs, the major force in driving the revenue increase of all the central SOEs as a whole, accounted for 57 percent of all the central SOEs in the first three quarters, up by 5.2 percentage points year-on-year.
By the end of September, the average liabilities-to-assets ratio of the central SOEs was 66 percent, down by a 0.5 percentage point year-on-year and by a 0.3 percentage point when compared with that at the beginning of this year.
(1 U.S. dollar = 6.93 yuan)
