Published: 14:30, September 23, 2020 | Updated: 16:27, June 5, 2023
Profits, revenues of Chinese SOEs continue to rise in August
By Xinhua

Employees work at the workshop of Harbin Electric Machinery Company Limited in Harbin, northeast China's Heilongjiang province, March 9, 2020. (WANG JIANWEI / XINHUA)

BEIJING - Profits and revenues of China's state-owned enterprises (SOEs) and state-controlled firms continued to post year-on-year growth in August, the Ministry of Finance said Wednesday.

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Total profits rose by 23.2 percent last month from the same period last year, while after-tax net profits jumped 25.8 percent year on year, according to a statement posted on the ministry's website.

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Revenues increased by 6 percent year-on-year, compared with a 2.7-percent increase registered in July.