News Column

2013 SASAC-supervised Firms Net Profit Up 6.3%

August 11, 2014

BEIJING, August 11, SinoCast -- Total profits of enterprises under the supervision of SASAC hit CNY 2.2 trillion in 2013, growing 6.3% over a year earlier, and net profits hit CNY 1.6 trillion, growing 4.7%.

By the end of 2013, there have been 109,000 enterprises under the supervision of SASAC, with total assets of CNY 85.4 trillion, growing 19.6% over a year earlier; net assets hit CNY 30 trillion, growing 17.1%.

Taxes paid hit CNY 2.90289 trillion, adding CNY 118.23 billion or 4.2%.

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Source: Sinocast Investing & Securities Beat (China)

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