State-owned enterprise profits rose 75.8% in the first quarter

The Ministry of Finance issued yesterday, the first quarter of the national state-owned enterprises to achieve profits of 408.82 billion yuan, an increase of 75.8%, but the chain last year four seasons fell 0.2%.　　State-owned enterprise profits fell by 36.8% in the first quarter, followed by a narrowing of the decline and a turnround at the end of the year. January-March, the state-owned enterprises accumulated revenue of 6,510,110,000,000 yuan, an increase of 43.2%, compared with the four-quarter year-on-year decline of 6.4%. "Major benefit indicators continue to maintain a high growth rate, but the first quarter of this year's total operating income and achieve profits with the four quarter year-on-year decline."　　"The Treasury said.　　Feng Yuming, chief analyst of Oriental Securities, said yesterday that the quarterly decline was mainly due to seasonal factors, including the Spring Festival, temperature and other effects. In January-February this year, state-owned enterprises Rose 88.9% Year-on-year, but in the first quarter it fell to 75.8%, a downward trend. Feng Yuming said that last year as the decline gradually narrowed, the base increased correspondingly, because of the base reason, then the profit growth of state-owned enterprises will correspondingly slow down. He said that 6.3% of the current state-owned enterprises sales profit margin can also, the operation of the enterprise will depend mainly on the economic environment.