Chinese SOEs register 0.2 pct revenue growth in January-February

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Chinese SOEs register 0.2 pct revenue growth in January-February

Source: Xinhua | 2026-04-01 | Editor:Flynn

China's state-owned and state-controlled enterprises (SOEs) saw their total revenue rise 0.2 percent year on year to 12.57 trillion yuan (about 1.8 trillion U.S. dollars) in the first two months of 2026, data from the Ministry of Finance showed Tuesday.

During the period, the total profits of SOEs fell 2 percent from a year earlier to 626.62 billion yuan, while their total tax payments stood at 1.09 trillion yuan, down 2.3 percent.

The asset-liability ratio of SOEs came in at 65.4 percent at the end of February, up from 65.1 percent at the end of December in 2025.