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Ministry of Finance: From January to April, the total operating revenue of state-owned enterprises nationwide decreased by 0.5% year-on-year, while the total profit increased by 1.9% year-on-year

MeNews
ME News Report, May 29 (UTC+8), the Ministry of Finance released data showing that from January to April, the total operating revenue of state-owned and state-controlled enterprises nationwide was 26,270.09 billion yuan, a decrease of 0.5% year-on-year. From January to April, the total profit of state-owned enterprises was 1,374.17 billion yuan, an increase of 1.9% year-on-year. From January to April, taxes payable by state-owned enterprises amounted to 2,117.94 billion yuan, a year-on-year increase of 3.9%. As of the end of April, the asset-liability ratio of state-owned enterprises was 65.5%, up 0.4 percentage points year-on-year. (Source: Wall Street Insights)
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GasFeesForNightRuns
· 20h ago
-0.5% versus +1.9%, a typical case of increased revenue without increased profit turning around
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StopLossSparrow
· 21h ago
The debt ratio has increased by another 0.4, the same old problem.
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MintCondition
· 21h ago
26.27T, a number so large it defies comprehension
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HotspotChaser
· 21h ago
Profits increased but revenue slightly declined; state-owned enterprises are also reducing costs and increasing efficiency.
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DoNotTouchTheLiquidationLine.
· 21h ago
Lower income, higher profit—accounting magic or genuine optimization?
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NotificationSoundInMistyValley
· 21h ago
1,374.1 billion in profit, not much when spread across each state-owned enterprise.
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PfpSeasonChangeExpert
· 21h ago
65.5% debt ratio, is it considered stable compared to last year?
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NightAuditBuddy
· 21h ago
Is it reasonable that the growth rate of taxes payable is twice that of profit?
View OriginalReply0

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