Chinese SOEs report generally stable performance in Jan.-Nov.

An aerial drone photo taken on Feb. 6, 2024 shows the construction site of the China Telecom smart city industrial park in Xiong'an New Area, north China's Hebei Province. [Photo/Xinhua]

China's state-owned and state-controlled enterprises (SOEs) 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 on Monday.

These enterprises collectively generated operating revenues totaling 75.63 trillion yuan (about 10.8 trillion U.S. dollars) 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 nearly 5.28 trillion yuan.