Revenues of Chinese SOEs up 1.2% in first nine months: data

BEIJING - China's State-owned enterprises (SOEs), excluding State-owned financial enterprises, reported a 1.2 percent year-on-year increase in revenues from January to September of this year, according to data released by the Ministry of Finance on Monday.

Their combined revenues reached nearly 61.06 trillion yuan ($8.56 trillion) during the period, while combined profits reached about 3.25 trillion yuan, down 2.3 percent year-on-year, the data showed.

In the first nine months of the year, the Chinese SOEs' tax and fee payables grew 0.1 percent year-on-year to over 4.41 trillion yuan, the data showed.

Meanwhile, the debt-to-asset ratio of Chinese SOEs stood at 64.9 percent at the end of September, according to the data.

These figures were collected from SOEs in both provincial-level regions and those administered by the central government.