CN MOF Reveals 0.6% YoY Fall in SOEs' Total Profit in 1H24

　　In 1H24, the total operating revenue of state-owned enterprises (SOEs) in China reached RMB40.83 trillion, marking a YoY growth of 1.9%, while the total profit of SOEs recorded at RMB2.27 trillion, marking a YoY decline of 0.6%, according to statistics published by China's Ministry of Finance (MOF). Taxes payable by SOEs amounted to RMB3.03 trillion, increasing by 2% YoY.