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Central SOEs bask in H1 profit glory


Central SOEs bask in H1 profit glory
By ZHONG NAN in Beijing and LIU MINGTAI in Changchun |
CHINA DAILY |
Updated: 2021-07-15 07:12
A high-speed train production line of China Railway Rolling Stock Corp in Qingdao, Shandong province. [Photo/Xinhua]
For the first time in history, half-yearly net profits of centrally administered State-owned enterprises, or central SOEs, exceeded 1 trillion yuan ($155 billion) in the first half of this year.
Net profits soared by 133.3 percent year-on-year to 1.02 trillion yuan on combined revenues of 17.1 trillion yuan, up 28.2 percent year-on-year, data from the State Council s State-owned Assets Supervision and Administration Commission, or SASAC, showed late on Tuesday. ....

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