Beijing: China’s state-owned and state-controlled enterprises (SOEs) reported a modest retreat in both profit and revenue during the first half of 2025, official data showed Tuesday. Profits for the period fell 3.1 percent year-on-year, while operating revenues slipped 0.2 percent.
According to Emirates News Agency, taxes and fees payable by the companies totaled roughly 3 trillion yuan (about US$419.52 billion) in the first half, down 0.8 percent year-on-year. Their asset-liability ratio stood at 65.2 percent at the end of June.