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The Total Profits of the Province-Owned Enterprises Increased by 41.4% in the First Half of This Year.
2018-07-30 14:52:33

A list was announced for the province-owed enterprises with excellent performance in the first half of this year. On July 26th, the reporter learned from the meeting of leaders of province-owned enterprise that in the first half of the year, the province-owned enterprises achieved a total operating income of 400.47 billion yuan, a year-on-year increase of 15.1%, and a total profit of 21.3 billion yuan, a year-on-year increase of 41.4%. This means the best performance in the same period in history, showing a new trend of high quality development.

 

An increase of 41.4% in the profit margin has been achieved in the first half of this year. “The growth rate of the profit is much higher than that of the operating income, indicating that the development quality of the province-owned enterprises is further improving.” Zhu Hongwei, director of the financial appraisal department of the State-owned Assets Supervision and Administration Commission of Zhejiang Province, said that it is worth mentioning that the industrial enterprises realized a profit of 6.32 billion yuan in the first half of the year, exceeding the transportation industry that was always in the first place, and that these enterprises achieved a growth rate as high as 48% and contributed to 29.7% of the total profits of the province-owned enterprises. This is the embodiment of the transformation of the economic deficiency into the economic sufficiency in our province, indicating that the real economy is becoming the main driving force for the profit growth of province-owned enterprises.

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