BEIJING, Aug. 27 (Xinhua) -- China's state-owned enterprises (SOEs) saw a 1.6-percent increase in revenues from January to July this year, the Ministry of Finance said on Tuesday.
Their combined revenues totaled around 47.29 trillion yuan (about 6.64 trillion U.S. dollars) during this period.
Combined profits dipped 2 percent year on year to over 2.57 trillion yuan, the data showed.
SOEs saw their debt-to-asset ratio reach 64.9 percent at the end of July, according to the data.
These figures, excluding financial firms, were collected from SOEs in both provincial-level regions and those administered by the central government. ■
