I’ve decided to give you more surprises! So all materials come with a 15% discount.
00
Blog
No data
Consult now
Need help? We’re here to assist!
Contact email
hhh@hhh.tm
Contact Address
No. 54 Dalian Road, Hi-tech District, Weihai City
Ministry of Finance: Profits in industries such as steel, petrochemicals, and coal saw significant year-on-year growth.
Release date:
2018-05-28
Source:
According to the Ministry of Finance on the 24th, the ministry released data on the economic performance of state-owned and state-controlled enterprises across China for January-April 2018. From January to April 2018, state-owned and state-controlled enterprises nationwide① (hereinafter referred to as SOEs) demonstrated robust economic momentum. Both their debt-servicing capacity and profitability improved compared to the same period last year, with profit growth outpacing revenue growth by 8.7 percentage points. Notably, key industries such as steel, petroleum & petrochemicals, and coal saw significant gains in profitability.
According to the Ministry of Finance on the 24th, the ministry released data on the economic performance of state-owned and state-controlled enterprises across China for January-April 2018.
From January to April 2018, state-owned and state-controlled enterprises① across the country (hereinafter referred to as "state-owned enterprises") demonstrated strong economic performance. Both their debt-servicing capacity and profitability improved compared to the same period last year, with profit growth outpacing revenue growth by 8.7 percentage points. Notably, key industries such as steel, petroleum & petrochemicals, and coal saw significant increases in profits.
I. Key Economic Performance Indicators of State-Owned Enterprises
(1) Total Operating Revenue: From January to April, state-owned enterprises reported total operating revenue of 17,500.25 billion yuan, representing a year-on-year increase of 9.7%. (1) Central Enterprises: Revenue reached 10,295.17 billion yuan, up 9.5% compared to the same period last year. (2) Local State-Owned Enterprises: Revenue totaled 7,205.08 billion yuan, reflecting a robust 10.1% growth over the prior-year period.
(II) Total Operating Costs. From January to April, the total operating costs of state-owned enterprises amounted to 16,831.52 billion yuan, representing a year-on-year increase of 9.2%, including Sales Expenses, administrative costs, and financial expenses increased by 7.3%, 12.3%, and 11.8%, respectively, year-on-year. (1) Central state-owned enterprises reported 9,757.86 billion yuan, up 8.9% year-on-year, with sales expenses, administrative costs, and financial expenses rising by 7.5%, 11.0%, and 10.8%, respectively, compared to the previous year. (2) Local state-owned enterprises recorded 7,073.66 billion yuan, representing a 9.7% increase year-on-year, driven by 6.9% growth in sales expenses, 13.8% in administrative costs, and 12.6% in financial expenses compared to the same period last year.
(III) Profit Performance: From January to April, the total profits of state-owned enterprises reached 1.00549 trillion yuan, representing a year-on-year increase of 18.4%. (1) Among these, central enterprises recorded profits of 692.94 billion yuan, up 19.1% compared to the same period last year. (2) Meanwhile, local state-owned enterprises generated profits of 312.55 billion yuan, reflecting a 16.9% rise from the previous year.
(IV) Taxes Payable. From January to April, state-owned enterprises paid taxes totaling 1,507.56 billion yuan, representing an 8.9% increase year-on-year. (1) Central government-controlled enterprises accounted for 1,094.87 billion yuan, up 7.0% from the same period last year. (2) Local state-owned enterprises contributed 412.69 billion yuan, reflecting a 14.2% rise compared to the previous year.
(V) Assets, Liabilities, and Equity. As of the end of April, state-owned enterprises reported total assets of 16,681.172 trillion yuan, representing a year-on-year increase of 9.9%. Total liabilities stood at 10,848.429 trillion yuan, up 9.2% compared to the same period last year. Meanwhile, total equity reached 5,832.743 trillion yuan, reflecting a robust growth of 11.1% over the previous year. (1) Central government-controlled enterprises held total assets of 7,671.915 trillion yuan, growing by 7.3% year-on-year; their total liabilities amounted to 5,199.941 trillion yuan, an increase of 6.6%; and total equity was recorded at 2,471.974 trillion yuan, up 8.7% from the prior year. (2) Local state-owned enterprises reported total assets of 9,009.257 trillion yuan, marking a 12.2% rise compared to the same period last year. Their total liabilities climbed to 5,648.488 trillion yuan, reflecting a 11.7% increase, while total equity surged by 13.0%, reaching 3,360.769 trillion yuan.
II. Profitability in Key Industries
From January to April, profits in industries such as steel, petrochemicals, and coal saw significant year-on-year growth, all outpacing the pace of revenue expansion. Meanwhile, industries like non-ferrous metals experienced a sharper decline in profitability.
Note: ① The "nationwide state-owned and state-controlled enterprises" mentioned in this report include centrally managed enterprises, enterprises under central government departments and institutions, as well as locally owned and state-controlled enterprises from 36 provinces (autonomous regions, municipalities directly under the central government, and cities separately listed in the national plan)—but exclude state-owned financial institutions.
Other updates
Product Focus | Danason Hydraulic Generators in Telescopic Boom Forklift Applications
Dannasen's equipment, as a prime example of a versatile partner in engineering machinery, can continuously meet the growing demand for multifunctional operational applications of telescopic boom forklifts.
Understand the company culture, familiarize yourself with the rules and regulations, and clearly define your career path. Quickly adapt to your new role, seamlessly integrate into the team, and bring fresh energy to drive the company’s high-quality growth.
Just ahead of the Great Heat solar term, a delegation from the Yiyuan Trade Union of Weihai High-tech Zone visited HHH Cooperation MACH. ELEC.CO., LTD., delivering watermelons, mineral water, and other heat-relief supplies to frontline workers braving the scorching temperatures.
HHH Fuwa, Happy Children's Day "June 1"! - A Documentary of the HHH Parent-Child Activity Event
As the 72nd International Children's Day approaches, HHH Group is hosting a photo-sharing event titled "HHH Fuwa, Happy Children's Day!" Wishing all the beloved Fuwa children a joyful "June 1st" celebration! On this special day that celebrates childhood and innocence, we encourage HHH family members to capture every precious moment of the Fuwa’s growth through their cameras, share smiles that radiate happiness, and bring these heartwarming snapshots into the big HHH family!
As one of the leading enterprises in China's power transmission, drivetrain, and intelligent electro-hydraulic control systems industry, our company not only attracts talent from all walks of life—much like water naturally gathers and flows—but also unites as a single, determined force. At the same time, we are committed to providing female employees with greater opportunities for growth and platforms that empower them to fully unlock their talents and potential in the workplace.
On the eighth day of the first lunar month in 2025, HHH Cooperation MACH. ELEC.CO., LTD., led by Chairman Zhang Shu, gathered全体员工 to sing the national anthem together as they watched the vibrant five-star red flag and the HHH company banner slowly rise into the sky. This solemn and inspiring moment not only symbolizes the company’s thriving growth but also embodies the heartfelt aspirations of every HHH employee for a bright and promising future.
On November 26, 2024, HHH Cooperation MACH. ELEC.CO., LTD., a national-level "Little Giant" enterprise specializing in specialized and innovative products, joined its Shanghai branch to participate in the Bauma Shanghai – China International Construction Machinery Exhibition.
bauma CHINA 2024 will be held from November 26 to 29, 2024, at the Shanghai New International Expo Center. HHH Cooperation MACH. ELEC.CO., LTD.'s Shanghai branch looks forward to seeing you at Booth N4.848—let’s move forward together for a win-win future!
Contact us now
Need help? We’re here to assist!
Contact email
hhh@hhh.tm
Contact Address
No. 54 Dalian Road, Hi-tech District, Weihai City
WeChat Official Account
If you have any questions about our products or need assistance, please don’t hesitate to reach out to us.
Enter your information, and our team will contact you shortly.
E-mail：
Telephone：
在线客服添加返回顶部
页面顺滑的滚动
禁止全站的文字复制和图片下载 .copy-ok
右侧在线客服样式 1,2,3 3
图片alt标题设置： Weihai HHH Mach.&Elec. Co., Ltd.
表单验证提示文本： Content cannot be empty!
循环体没有内容时： Sorry,no matching items were found.
CSS / JS 文件放置地