State-owned firms register stable performance

China's State-owned and State-controlled enterprises demonstrated generally stable performance in the first 11 months of 2025, with revenues registering slight growth while profits experienced a modest year-on-year decline.

According to official data released earlier this week, these enterprises collectively generated operating revenues totaling 75.63 trillion yuan ($10.8 trillion) during the January-November period, reflecting a 1 percent year-on-year increase, according to data from the Ministry of Finance. Total profits for the same period amounted to nearly 3.72 trillion yuan, marking a 3.1 percent year-on-year decrease.

Meanwhile, taxes and fees payable by SOEs edged up 0.2 percent year-on-year to approximately 5.28 trillion yuan.