January-November China's state-owned enterprises profit near the same period last year profit level

Xinhua Beijing, December 18, Xinhua reporter 18th from the Ministry of Finance learned that January-November China's state-owned and state-controlled enterprises operating income growth, to achieve a further narrowing of profits, has been close to the profit level last year, should pay taxes and taxes have been paid year-on-year growth, but the chain appears to decline. According to the Ministry of Finance, the state-owned and state-controlled enterprises in this statistic, including the central Enterprises and 36 provinces (autonomous regions, municipalities, separately listed) state-owned and state-controlled enterprises.　　Center enterprises include: 82 central part of the state-owned and state-controlled enterprises and 132 central governance Enterprises, none of the above include state-owned financial enterprises. Statistics of the Ministry of Finance show that January-November state-owned enterprises accumulated revenue of 20,138,220,000,000 yuan, an increase of 3.7%, November than the October quarter-on-quarter growth of 9.6%. One of the central enterprises (including the central governance of enterprises and some of its affiliated enterprises) accumulated revenue of 12.6938 trillion yuan, an increase of 5%, November than the October quarter-on-quarter growth of 9.1%.　　Local state-owned enterprises accumulated revenue of 7,444,420,000,000 yuan, an increase of 1.5%, November than the October quarter-on-quarter growth of 10.5%.　　January-November, the state-owned enterprises accumulated profits of 1,188,980,000,000 yuan, down 1.9%, the decline is 8.7% lower than January-October, November than October quarter-on-quarter growth of 0.8%, should pay 1,753,180,000,000 yuan, the increase of 9%, November than October decline 2.4%. In addition, the total cost of state-owned enterprises in January-November amounted to 18,964,740,000,000 yuan, an increase of 4.1% per cent, sales profit margin of 5.9%, the year-on-year decline of 0.3%;　　Fell 1.2% from a year earlier, with inventories growing 10.7% per cent year-on-year, up 3.5% from January-October. Sub-industry look, January-November, petrochemical, automotive, construction real estate, building materials and other industries profit greatly increased, power grid enterprises and railway transport industry losses obvious, oil, steel, coal, non-ferrous industries, such as the decline in profits slowed down, electronics and machinery and other industries profits are growing, the tobacco industry profits fell.