摘要
SOE Profits Drop 5.8 Percent in 2012 China’s state-owned enterprises (SOEs) earned total revenues of RMB 42.37696 trillion in 2012, an 11 percent year-on-year increase, according to the Ministry of Finance. But their total pro ts of RMB 2.19596 trillion showed a 5.8 percent decline. A 22.4 percent rise in pro ts from November to December re ected, however, a rallying of SOE pro tability over a ve-month period. Data show the total cost of China’s SOEs
SOE Profits Drop 5.8 Percent in 2012 China＇s state-owned enterprises （SOEs） earned total revenues of RMB 42.37696 trillion in 2012, an 11 percent year-on-year increase, according to the Ministry of Fi- nance. But their total profits of RMB 2.19596 trillion showed a 5.8 percent decline. A 22.4 percent rise in profits from November to De- cember reflected, however, a rallying of SOE profitability over a five-month period. Data show the total cost of China＇s SOEs last year as RMB 40.65703 trillion, up 12.3 percent year-on-year and constituting 95.9 percent of gross revenue.
