The country's total profits of state-owned enterprises grew for the second consecutive month from a year earlier.

On August 26th the Ministry of Finance released data showing that the country's total operating income and total profits of state-owned and state-controlled enterprises grew for the second consecutive month year-on-year, with the year-on-year decline in January-July continuing to narrow and the economic recovery further consolidated.
, total operating income.
, total revenues of state-owned enterprises rose 2.7% from a year earlier.
January-July, total operating income was 330.1584 billion yuan, down 3.5% YoY and 1.4 percentage points from January-June, with central enterprises down 186.8797 billion yuan, down 5.9% YoY, and local state-owned enterprises down 143.2787 billion yuan, down 0.3% YoY.
, the total cost of business.
July, the total operating costs of state-owned enterprises rose 2.3% from a year earlier.
January-July, the total operating costs of state-owned enterprises were 3232.388 billion yuan, down 1.7% YoY, of which 179.419 billion yuan was 179.419 billion yuan, down 4.2% YoY, and 143.8269 billion yuan was 143.8269 billion yuan for local state-owned enterprises, up 1.7% YoY.
third, the total profit.
-owned enterprises' profits rose 14.0 per cent in July from a year earlier.
January-July, total profits amounted to 147.631 billion yuan, down 30.4% YoY and 8.4 percentage points from January-June, with central enterprises 98.81 billion yuan, down 30.3% YoY, and local state-owned enterprises 495.50 billion yuan, down 30.5% YoY.
, net profit.
July, net profit after tax for state-owned enterprises rose 14.3 per cent from a year earlier.
January-July, net profit after tax was RMB103.160 billion, down 34.7% YoY, while net profit attributable to the owners of the parent company was RMB528.91 billion, of which net profit after tax of central enterprises was RMB70.61 billion, down 33.6% YoY, and net profit after tax of local state-owned enterprises was RMB330.99 billion, down 37.1% YoY.
, taxes and fees payable.
July, taxes payable by state-owned enterprises rose 5.7 percent from a year earlier.
January-July, state-owned enterprises paid 259.690 billion yuan in taxes and fees, down 4.0% YoY, of which 187.336 billion yuan was central enterprises, down 4.6% YoY, and local state-owned enterprises were 723.54 billion yuan, down 2.5% YoY.
, cost and expense profit margin.
, the profit margin of state-owned enterprises increased by 0.7 percentage points from a year earlier.
January-July, the cost-cost margin of state-owned enterprises was 4.6%, down 1.9 percentage points year-on-year, 5.5% in central enterprises, 2.0 percentage points year-on-year and 3.4% in local state-owned enterprises, down 1.6 percentage points year-on-year.
, asset-liability ratio.
the end of July, the asset-liability ratio of state-owned enterprises was 64.6%, up 0.4 percentage points from the same period last year, 67.6% from the same period last year, 0.1 percentage points from the same period last year, and 62.6% from the same period last year.
.