China's Ministry of Finance announced that in the first four months of this year, total operating revenue of state-owned enterprises (SOEs) nationwide fell 0.5% YoY, while total profits rose 1.9% YoY. Total operating revenue of SOEs amounted to RMB26.27 trillion, down 0.5% YoY. Total profits reached RMB1.37 trillion, up 1.9% YoY.During the period, taxes payable by SOEs totaled RMB2.12 trillion, up 3.9% YoY. As at end-April, the asset-liability ratio of SOEs stood at 65.5%, up 0.4 ppts YoY. (jl/u)
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