China SOEs'profits up 65.8%on year in Jan．-May

China SOEs'profits up 65.8%on year in Jan．-May

1～5月中國國企利潤同比增65．8%

China's state-owned enterprises (SOE) reported continuous year on year growth in major efficiency indicators in the first five months of this year,and their operating turnover and profits achieved 44.5%and 65.8%year on year increases in the period respectively，but the growth slowed down.The SOEs profits and payable taxes presented decreases month on month.

From January to May,China's state-owned and-control enterprises realized total operating turnover of RMB11.53535 trillion,surging 44.5%on year,profits of RMB749.29 billion,up 65.8%;payable taxes and fees of RMB1,005.6 billion, up 35.2% ;total costs of RMB10,800.3 billion,up 42.4%;profit on sales ratio of 6.5%,up 0.8%;and corporate stocks,up 23.1%.

For sectors,profits of petroleum and coal industries won increases both over the same period of last year and the previous month.Sectors made year on year rises but month on month drops in profits included petrochemincals， automobile， transport,and construction and real estate.Iron and steel nonferrous metal and electricity industries were in steady growth of profits.