Hunan SOEs Achieve 212.7 Bln CNY Revenue in H1
The State-owned Assets Supervision and Administration Commission of Hunan Provincial People’s Government held an enterprise economic operation analysis conference on July 10, 2018. It says that in the first half of this year (H1), the provincial supervised enterprises maintained stable performance with good momentum for growth.
The production and operation continued to improve, and quality and efficiency improved steadily. In H1, 37 enterprises under supervision realized an operating revenue of 212.766 billion CNY, 25.532 billion CNY more than the same period last year, an increase of 13.6%.
The economic benefits increased significantly. In H1, 37 enterprises achieved a net profit of 6.644 billion CNY, a year-on-year increase of 29%. There were 12 enterprises gained a profit of over 100 million CNY. Ten companies profited more than 10 million CNY.
The tax revenues grew rapidly. In the first half of the year, these enterprises created tax revenues of 9.155 billion CNY, a year-on-year increase of 14.3%. Valin Group, Hunan Construction Engineering Group, and Zoomlion contributed the most.
The assets scale kept growing and the operating strength enhancing. As of the end of June, the total assets of 37 supervised enterprises reached over 1.16 trillion CNY, up by 6.3% year on year. The net assets were 338.51 billion CNY, growing by 17.1% yearly.
Please refer to www.enghunan.gov.cn when using the article.
Translator: Yu Jiangjiang
Chinese source: hunan.gov.cn