102 Central Enterprises Last Year Net Profit Of 852 Billion 200 Million Yuan, Petrochina Topped The List.

The operation of state-owned enterprises in central enterprises in 2010 was announced yesterday.

SASAC listed 102 central enterprises

China Mobile quit second

Data show that in 2010, PetroChina ranked first in net profit of 97 billion 250 million yuan to the parent company, increasing by nearly 30 billion yuan compared with 2009 (79 billion 630 million).

In 2009, the champion moved to second place, earning 65 billion 890 million yuan, a decrease of 13 billion 740 million yuan compared with 2009.

Third Sinopec profits also increased by 12 billion 320 million yuan, reaching 51 billion 640 million.

CNOOC and national appliance network ranked fourth and fifth respectively.

Last year, the central enterprises achieved a net profit of 852 billion 270 million yuan, an increase of 42.8% over the previous year.

State grid turns losses into profits

It is worth mentioning that in 2010, the State Grid had fought a "turning around".

In 2009, the central enterprises' operation data showed that the State Grid ranked third in the 108 enterprises in those days, and the net profit attributable to the parent company was -23.4 billion.

Last year, the profits of the State Grid were turned into profit, net profit was 32 billion 440 million, the net profit attributable to the parent company was 30 billion 840 million, and the overall net profit of the power enterprises in 2010 was 72 billion 110 million.

Zhao Xi, an analyst with Hongyuan securities, told reporters that the main reason for the disparity in profits in the two years is the investment cost of infrastructure construction. In 2009, the State Grid's investment and construction reached a high point at home and abroad, while the investment in 2010 dropped by about 20%.

This year, it is hard to be brilliant again.

Last year, the number of deficit companies dropped from 9 in 2009 to 6, but in 2009, the number one Chinese Unicom is still the "loss champion".

In 2009, China Unicom's net profit attributable to its parent company was -38.9 billion. In 2010, the number of projects was -41.4 billion, and the loss tended to expand.

Wang Zhigang, Minister of the Ministry of enterprise reform and development of the state owned assets supervision and Administration Commission Research Center, said the above losses showed that after the merger of Netcom and Unicom in 2008, all kinds of historical problems were not digested.

Data also showed that last year, the central enterprises tax revenue hit a new high since 2003.

Last year, the total amount of tax paid by the central enterprises was 1 trillion and 484 billion 40 million yuan (including 89 billion 890 million yuan of oil special income), an increase of 31.7% over the previous year.

It is worth noting that Wang Zhigang and the general manager of tianqiang management consulting company, such as Zhu Bo Shan, and many other experts said that the depressed international economic environment in 2011 and the monetary tightening policy adopted by our country to cope with inflation have made enterprises and local funds tight, and the profits of central enterprises will be affected.