According to a report released by China's Ministry of Finance on May 22, in the January-April period of the current year the aggregate gross revenue of China state-owned enterprises totaled RMB 14.0015 trillion ($2.28 trillion), up 10.2 percent year on year, including RMB 8.69176 trillion ($1.42 trillion) for enterprises controlled centrally by the Chinese state and RMB 5.30974 trillion ($866.2 billion) for public sector enterprises controlled at a more local (e.g., provincial) level, up nine percent and 12.3 percent respectively, both on year-on-year basis.
Meanwhile, in the period in question, the total operating cost of China state-owned enterprises amounted to RMB 13.4393 trillion ($2.19 trillion), up 10.6 percent year on year, including RMB 8.23383 trillion ($1.34 trillion) for centrally controlled state enterprises and RMB 5.20553 trillion ($849.2 billion) of locally controlled state enterprises, up 8.8 percent and 13.4 percent respectively, both on year-on-year basis.
In addition, in the first four months of the current year, the aggregate gross profit of Chinese state-owned enterprises totaled RMB 689.13 billion ($112.4 billion), up 5.3 percent year on year. In particular, the gross profit of centrally controlled state enterprises and locally controlled state-owned enterprises amounted to RMB 536.24 billion ($87.48 billion) and RMB 152.89 billion ($24.94 billion), up 12.8 percent and down 14.7 percent respectively, both on year-on-year basis.
Gross profits witnessed strong growth in the power industry, electronics industry, foreign trading industry and the real estate industry but saw big declines in the transportation industry, steel industry, non-ferrous metals industry, mining industry, chemical industry and building materials industry.
