Chinese state firms maintain stable revenue in first 9 months

BEIJING, Oct. 29 (Xinhua) -- China's state-owned and state-controlled enterprises displayed generally stable performance in the first nine months of 2025, official data showed on Wednesday.

Their total operating revenue came in at nearly 61.33 trillion yuan (about 8.66 trillion U.S. dollars) during the January-September period, up 0.9 percent year on year, according to data from the Ministry of Finance.

Total profits of these companies reached nearly 3.17 trillion yuan during this period, edging down 1.6 percent year on year, while their taxes and fees payable rose slightly by 0.5 percent to roughly 4.41 trillion yuan.

The asset-liability ratio of these enterprises stood at 65.2 percent at the end of September -- up 0.2 percentage points from a year earlier, the data revealed.