In the first quarter of this year, the total operating revenue and taxes payable by state-owned and state-controlled enterprises continued to grow year-on-year, but profits fell by 9.1% year-on-year.
Data from the Ministry of Finance shows that from January to March this year, state-owned enterprises realized a total operating income of 944.49 billion yuan, a year-on-year increase of 12.9%, and a March increase of 14.1% from February. Among them, the total revenue of central enterprises totaled 5,966.06 billion yuan, a year-on-year increase of 13.5%. Local state-owned enterprises realized a total operating revenue of 3,493.43 billion yuan, a year-on-year increase of 11.8%.
In terms of profits, from January to March, state-owned enterprises realized a total profit of 482.86 billion yuan, a year-on-year decrease of 9.1%, which was an increase of 32.2% in March from February. State-owned enterprises realized a net profit of 347.52 billion yuan, of which the net profit attributable to the parent company owners was 247.2 billion yuan.
In terms of taxes and fees payable, from January to March, state-owned enterprises should pay 895.91 billion yuan in taxes and fees, an increase of 8.6% year-on-year. The tax paid was 943.5 billion yuan, a year-on-year increase of 16%. In terms of profitability, the total cost of state-owned enterprises in the first quarter was 9,049.95 billion yuan, a year-on-year increase of 14.6%. Among them, operating costs increased by 14.8% year-on-year, and sales expenses, management expenses, and financial expenses increased by 10.2%, 8.3%, and 35% year-on-year respectively.
From the perspective of major industries, in the first quarter, the sectors that achieved a larger year-on-year increase in profits were the tobacco industry, the automotive industry, the power industry, and post and telecommunications; the industries that achieved a larger year-on-year decrease in profits were the steel industry, the building materials industry, the chemical industry, and non-ferrous metals. Industry, etc.
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