In the first quarter of this year, China’s central state-owned enterprises (SOEs) achieved added value of 2.6 trillion yuan ($356.3 billion) and reported total profits of 646.27 billion yuan, according to the State-owned Assets Supervision and Administration Commission of the State Council.
Among them, 26 central SOEs recorded profit growth exceeding 10 percent.
During the first quarter, central SOEs accelerated investment in key areas. Fixed-asset investment reached 851.3 billion yuan, with investment in strategic emerging industries rising by 6.6 percent year-on-year.
Key operational indicators such as electricity sales, air transport turnover, container throughput, and oil and coal production all recorded steady growth, laying a solid foundation for a positive start to the year.
(Executive editor: Yuan Ting)
