China's state-owned enterprises' total operating income up 1.6% year-on-year: Chinese report

According to a recent announcement by the Ministry of Finance of the People's Republic of China, the total operating income of state-owned enterprises and state-holding enterprises (hereinafter referred to as "SOEs") across China in the January-July period of this year increased by 1.6% compared to the same period last year, and the total profit
In the first seven months of the year, the total operating income of state-owned enterprises increased 1.6% to 47,287,270 million former (about 958 trillion yen). Total profits decreased 2.0% to 2,570,150 million former.
The amount of taxes to be paid by state-owned enterprises was 3,487,270 million former (approximately 71 trillion yen), up 1.3% from the same period last year.
As of the end of July, the asset-liability ratio of state-owned enterprises was 64.9%, up 0.1 percentage point.