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Mainland CN 1-3Q SOEs' Total Profit Slips by 1.6% YoY; Debt Levels Rise for 2 Straight Quarters
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In 1-3Q25, SOEs recorded a total operating income of RMB61.33 trillion, up 0.9% YoY, a growth rate remaining below 1% for 3 consecutive months, China's Ministry of Finance (MOF) released the economic performance of Chinese SOEs and state-controlled enterprises saying. Total profit amounted to RMB3.17 trillion, down 1.6% YoY, representing a 0.3 ppts narrower decline from 1H25, but remaining in negative interval. As of the end of September, the debt asset ratio of SOEs was 65.2%, up 0.2 ppts from the same period last year, with debt levels rising for 2 consecutive quarters, implying that SOEs are facing both operational pressure and leverage risk. AASTOCKS Financial News Website: www.aastocks.com |
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