Profits of Chinese SOEs up 47.6 pct in Jan.-Oct.

2021-11-25 17:37:41 Source:Xinhuanet 

File photo shows an ethylene project at Sinopec Zhenhai Refining and Chemical Company in Ningbo, east China's Zhejiang Province. (Sinopec Zhenhai Refining and Chemical Company/Handout via Xinhua)

BEIJING, Nov. 25 (Xinhua) -- The combined profits of China's state-owned enterprises (SOEs) rose 47.6 percent year on year to over 3.8 trillion yuan (about 594 billion U.S. dollars) in the first 10 months of this year, official data showed Thursday.

During the period, the SOEs saw their operating revenue up 22.1 percent year on year to around 60.4 trillion yuan, according to the Ministry of Finance.