Chinese State firms maintain stable revenue in first 9 months

BEIJING -- China's State-owned and State-controlled enterprises displayed generally stable performance in the first nine months of 2025, official data showed on Wednesday.

Their total operating revenue came in at nearly 61.33 trillion yuan (about $8.66 trillion) during the January-September period, up 0.9 percent year-on-year, according to data from the Ministry of Finance.

Total profits of these companies reached nearly 3.17 trillion yuan during this period, edging down 1.6 percent year-on-year, while their taxes and fees payable rose slightly by 0.5 percent to roughly 4.41 trillion yuan.

The asset-liability ratio of these enterprises stood at 65.2 percent at the end of September -- up 0.2 percentage points from a year earlier, the data revealed.