皇冠体育app

BEIJING - 皇冠体育app's State-owned enterprises saw their combined profits expand 7.7 percent year-on-year to 513.73 billion yuan ($82.2 billion) in the first quarter of the year, the Ministry of announced Wednesday.

Remarkable profit growth was posted by SOEs operating in the electronics, electric power, house , pharmaceutical and petrochemical sectors. However, some SOEs in the non-ferrous metal, construction materials, coal and chemical sectors saw profit declines.

The afore-mentioned SOEs represent both centrally administered SOEs and local SOEs under the administration of 36 provinces, autonomous regions, municipalities and cities specifically designated in a state plan.

Centrally administered SOEs' profits were up 16.5 percent year-on-year to 404.87 billion yuan, while local SOEs saw a decline of 16 percent to 108.86 billion yuan in profits.

The aggregate revenues of the SOEs rose 9.6 percent year-on-year to 10.3 trillion yuan, according to an MOF statement.

In the same period, the enterprises' total assets reached 81.63 trillion yuan, up 13.1 percent year-on-year, the statement said.

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