Li Hui, January 23, Beijing: Statistics from the Enterprise Financial Express by the Ministry of Finance show that in 2007, state-owned enterprises garnered a lot of profit and revenue that continued to grow rapidly. State-owned enterprises made a profit of 1.62 trillion yuan, and paid 1.57 trillion yuan in taxes: both new records. At the same time, the quality of state-owned enterprise operations continues to improve; the level of profit continues to rise; and the overall business economy is good.
State-owned enterprises reaped a sales income of 18 trillion yuan in 2007, increasing 20.1 percent. They showed a profit of 1.62 trillion yuan, increasing 31.6 percent. The core competitiveness of central government enterprises improved. Paid taxes maintain an average annual growth rate of 20 percent; and the revenue growth of industries like building materials, iron and steel industries have increased significantly. Their assets remain stable; and capacity for capital gain is strong. Profits of major industries continue to grow rapidly: that of the machine and automotive industries have been significant.
By People's Daily Online
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