Ministry Of Finance: In The First 10 Months, The Main Performance Indicators Of State-Owned Enterprises Continued To Maintain Steady Growth.

According to the economic operation of the state-owned and state holding enterprises in China from 1 to October in 2010, the total business income of state-owned enterprises reached 24 trillion and 567 billion 860 million yuan in the first 10 months, an increase of 33.9% over the previous year, and 3.7% in October than in September.

Among them, the central enterprises accumulated total business revenue of 15 trillion and 508 billion 920 million yuan, an increase of 33.4% over the same period last year, a decrease of 3.3% in October than in September, and the total operating income of local state-owned enterprises totaled 9 trillion and 58 billion 940 million yuan, up 34.9% over the same period last year, and 4.3% in October than in September.

From 1 to October, state-owned enterprises realized a total profit of 1 trillion and 626 billion 340 million yuan, an increase of 44.8% over the same period last year, and an increase of 0.4% in October than in September.

Among them, the central enterprises realized a total profit of 1 trillion and 128 billion 840 million yuan, an increase of 39.9% over the previous year, a decrease of 4.5% in October than in September, and a total profit of 497 billion 500 million yuan in local state-owned enterprises, an increase of 57.3% over the same period last year, and a 12.8% increase in October than in September.

In addition, the first 10 months, state-owned enterprises should pay taxes and fees 2 trillion and 55 billion 570 million yuan, an increase of 26.9% over the same period, in October, a decrease of 2.7% compared to September.

State owned enterprises have paid taxes 2 trillion and 63 billion 430 million yuan, an increase of 22.8% over the same period, and 27.3% in October than in September.

In terms of operating capacity, the inventory of state-owned enterprises increased by 21.3% over the first 10 months, up 2.7% in October compared with September.

Inventory turnover was 3.8 times, 0.4 times faster than the same period last year.

Accounts receivable turnover rate was 10.5 times, 0.8 times faster than the same period last year.

The average total assets turnover rate was 0.5 times, 0.1 times faster than the same period last year.

According to the Ministry of finance, from the year-on-year situation, the profits of main industries in state-owned enterprises continued to grow fairly fast in the first 10 months, including higher chemical industries, nonferrous metals, pportation, steel and electricity.

From the aspect of the chain ratio, the industry with different degrees of increase in October than in September has electronics.