On July 23, the Ministry of Finance released statistical data showing that in the first half of this year, the main economic indicators of state-owned and state-owned holding enterprises in China continued to grow, with total profits of 1820.4 billion yuan, an increase of 7.2% over the same period last year.

Statistics show that in the first half of the year, the total business income of state-owned enterprises was 29492.1 billion yuan, an increase of 7.8% over the same period last year. Among them, 17,094.64 billion yuan for central enterprises, an increase of 6.2% over the same period last year, and 12,397.46 billion yuan for local state-owned enterprises, an increase of 10% over the same period last year. Among the total profits realized, the central enterprises increased 8.8% to 1217.53 billion yuan, while the local state-owned enterprises increased 4.1% to 602.51 billion yuan.

_Bai Jingming, Vice President of the Chinese Academy of Financial Sciences, believes that in the first half of the year, the growth rate of gross operating income and profit of state-owned enterprises exceeded the growth rate of GDP, reflecting the steady and good operation of state-owned enterprises. In particular, high-tech industries account for a large proportion of state-owned enterprises, and the growth of profits shows that the quality of economic development is constantly improving.

In terms of cost-cost profit margin, in the first half of the year, the cost-cost profit margin of state-owned enterprises was 6.5%, which was basically the same as the same period last year. Among them, the central enterprises increased by 7.6%, 0.2 percentage points; the local state-owned enterprises decreased by 0.3 percentage points.

Statistics show that at the end of June, the asset-liability ratio of state-owned enterprises decreased by 0.1 percentage points, by 64.5%. Among them, 67.6% of central enterprises decreased by 0.2 percentage points, while 62.2% of local state-owned enterprises increased by 0.1 percentage points.

"The asset-liability ratio has decreased, which reflects the positive effects of a series of reform policies such as deleveraging. In addition, the rapid growth of profits in power production, building materials and other industries shows that the demand of downstream industries is strong, indicating that China's economic demand potential and endogenous power continue to increase. Bai Jingming said.