BEIJING, May 24 (Xinhua) -- China's centrally administered state-owned enterprises (SOEs) performed well in the first four months of 2017, with their profits and operating income both posting brisk increases.
Combined profits of the country's 102 central SOEs rose 18.1 percent year on year to 445 billion yuan (about 64.7 billion U.S. dollars) in the first four months, the State-owned Assets Supervision and Administration Commission (SASAC) said Wednesday in a statement.
Among the 102 industry titans, 98 reported profits over the period, said the SASAC.
The total business revenue of these 102 SOEs topped 8 trillion yuan over the period, up 18.6 percent year on year, it said.
Stable production and sales growth were reported among companies in traditional sectors such as electricity, oil, and coal in the first four months, it added.