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State-owned enterprises' total profits increased 9.7 percent to 306.01 billion yuan ($49.27 billion) in the first two months of the year, with 118 central SOEs generating profits of 251.92 billion yuan for the period, up 17.4 percent year-on-year, according to data from the Ministry of .

The total revenue of SOEs was 6.51 trillion yuan from January to February, up 11.3 percent from a year earlier, while the revenue of the central SOEs was 4.13 trillion yuan, an annual growth of 9.9 percent.

Industries with obvious profit growth include the electronics, electrical power, petroleum, , real estate, medical and auto sectors. Construction materials, non-ferrous metals, coal and mechanism industries saw big decreases on the first two months in terms of profits.