2012 profits slow at China's central SOEs
Updated: 2013-02-08 13:10
(Xinhua)
|
||||||||
BEIJING - China's State-owned enterprises (SOEs) administered by the state-asset regulator saw profits increase 2.7 percent from a year earlier in 2012, official data showed on Friday.
The 116-strong enterprises made total profits of 1.3 trillion yuan ($207 billion) last year, according to State-owned Assets Supervision and Administration Commission (SASAC) figures.
The growth figure was down from 6.4 percent in 2011 and 40.2 percent in 2010, mainly due to poor performances of SOEs in shipment, building materials and steel businesses amid the economic slowdown, according to SASAC data.
However, it was up from the minus 11.8-percent growth in the first quarter of 2012, minus 16.1 percent in the second, and 2.1 percent in the third, showing a recovering trend.
The aggregate revenue of the SOEs increased 9.4 percent year on year to 22.5 trillion yuan last year, while they handed in 1.9 trillion yuan in taxation to the state coffers, a rise of 13 percent from a year earlier, data showed.
- Li Na on Time cover, makes influential 100 list
- FBI releases photos of 2 Boston bombings suspects
- World's wackiest hairstyles
- Sandstorms strike Northwest China
- Never-seen photos of Madonna on display
- H7N9 outbreak linked to waterfowl migration
- Dozens feared dead in Texas plant blast
- Venezuelan court rules out manual votes counting
Most Viewed
Editor's Picks
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
TCM - Keeping healthy in Chinese way |
Poultry industry under pressure |
Today's Top News
Boston bombing suspect reported cornered on boat
7.0-magnitude quake hits Sichuan
Cross-talk artist helps to spread the word
'Green' awareness levels drop in Beijing
Palace Museum spruces up
First couple on Time's list of most influential
H7N9 flu transmission studied
Trading channels 'need to broaden'
US Weekly
Beyond Yao
|
Money power |