BEIJING: According to the State Council’s State Assets Supervision and Administration Commission, centrally-run state-owned enterprises (SOEs) are expected to see steady growth in revenue and profits during 2022.
The combined annual revenue of centrally-run state-owned enterprises is expected to rise 8.3 percent from last year to 394 trillion yuan (about 57 trillion U.S. dollars), the commission said.
According to the commission, their profit during this period is estimated to reach 25 trillion 50 billion yuan, which is 5.5% higher than last year. The ratio of assets to assets stood at 64.9 percent, which is 0.2 percentage points lower than a year ago.
