Chinese SOE profits bounce back in June

Time:2020-07-27 14:16:38      Source:Xinhuanet.com

Profits and revenues of China's State-owned and State-controlled enterprises (SOEs) posted this year's first year-on-year growth in June, the Ministry of Finance said on Thursday.

Profits rose by 6 percent from a year ago last month, while revenues increased by 7.1 percent, according to a statement on the website of the Ministry of Finance.

The declines in key indicators of SOEs further narrowed during the first half, showing that their recovery momentum has consolidated, the ministry said.

Jan-June profits of SOEs fell by 38.8 percent year-on-year to 1.12 trillion yuan ($160 billion). The decline was 13.9 percentage points smaller than that registered in the first five months.

Revenues dropped by 4.9 percent from a year ago during the first half, compared with a 7.7-percent decrease posted in the Jan-May period.

Index RMB/t DoD Basis Date
Datong 5500 700 0 ex-mine 05-04
Shuozhou 5200 680 0 FOR 05-04
Ordos 5500 700 0 ex-mine 05-04
Yulin 6200 780 0 ex-mine 05-04
Liulin Low-sulphur 900 0 ex-mine 05-04
Gujiao Low-sulphur 1770 -50 FOR 05-04
Xingtai Low-sulphur 2360 0 ex-Factory 05-04
Yangquan PCI 1280 -30 FOR 05-04
Index RMB/t WoW WoW% Date
Qinhuangdao 507.0 1.0 0.20 05-04
Caofeidian 541.0 9.0 1.69 05-04
Huanghua 216.9 12.4 6.06 05-04
Guangzhou 291.2 3.0 1.04 04-27
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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