China's centrally administered State-owned enterprises saw strong profit and revenue growth in the first 11 months of the year, according to the State-owned Assets Supervision and Administration Commission.
Despite downward pressure on the economy, the net profits of central SOEs expanded 9 percent year-on-year and their combined operating revenue rose 5 percent during the January-November period, SASAC data showed.
The supply-side structural reform of central SOEs has deepened, with a total of 14,000 legal persons removed and the overcapacity-cutting of steel and coal completed, Hao Peng, chief of the SASAC, said at a meeting.
During the period, central SOEs' spending on research and development jumped 24.6 percent from a year earlier, with firms in petroleum, steel and automobiles industries notching a year-on-year growth of over 30 percent.
Index | RMB/t | DoD | Basis | Date |
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Datong 5500 | 455 | 0 | ex-mine | 07-01 |
Shuozhou 5200 | 445 | 0 | FOR | 07-01 |
Ordos 5500 | 420 | 0 | ex-mine | 07-01 |
Yulin 6200 | 540 | 0 | ex-mine | 07-01 |
Liulin Low-sulphur | 565 | 0 | ex-mine | 07-01 |
Gujiao Low-sulphur | 1095 | 0 | FOR | 07-01 |
Xingtai Low-sulphur | 1210 | 0 | ex-Factory | 07-01 |
Yangquan PCI | 795 | 0 | FOR | 07-01 |
Index | RMB/t | WoW | WoW% | Date |
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