In brief
Chinese state‑owned enterprises posted a 3 % year‑over‑year increase in profits, reaching 3.31 trillion yuan (about US$497.5 billion) for the first nine months of 2026. Their operating revenue dropped 3.2 % to 60.01 trillion yuan, and the debt‑to‑asset ratio stood at 65.5 % by September’s end.
Saudi Press Agency reports that Chinese state‑owned companies achieved a profit of 3.31 trillion yuan (approximately US$497.5 billion) in the first nine months of 2026, a 3 % increase compared with the same period last year.
Saudi Press Agency notes that operating revenue for the same period slipped 3.2 % to 60.01 trillion yuan, indicating a contraction in sales despite the profit lift.
Saudi Press Agency also reports that the debt‑to‑asset ratio of these enterprises was 65.5 % at the end of September, reflecting a moderate leverage level in the sector.
The Chinese Ministry of Finance data cited by Saudi Press Agency suggests that the figures are part of ongoing state‑owned enterprise reforms aimed at restructuring ownership and boosting sectoral efficiency, as outlined in the March government work report.
