Profits of China's central SOEs surge in first quarter
Xinhua | Updated: 2017-04-13 16:07
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| A worker at the production line of a State-owned steel plant in Lianyungang, Jiangsu province. [Photo/China Daily] |
BEIJING - Combined net profits of China's centrally administered State-owned enterprises (SOEs) soared 26.5 percent in the first quarter to 226.42 billion yuan ($33 billion), the State assets regulator said Thursday.
Among 102 central SOEs, 99 made profits in the first three months, according to a report from the State-owned Assets Supervision and Administration Commission.
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