财政部：1-6月全国国有及国有控股企业利润总额同比下降3.1%

Core Insights - The report indicates a decline in the economic performance of state-owned enterprises in China for the first half of 2025, with total operating revenue and total profit both experiencing year-on-year decreases [1] Revenue Performance - In the first half of 2025, the total operating revenue of state-owned enterprises was 4,074.959 billion yuan, reflecting a year-on-year decrease of 0.2% [1] Profit Performance - The total profit of state-owned enterprises for the same period was 218.253 billion yuan, showing a year-on-year decline of 3.1% [1] Tax Obligations - The tax obligations of state-owned enterprises amounted to 300.264 billion yuan in the first half of 2025, which is a year-on-year decrease of 0.8% [1] Debt Levels - As of the end of June 2025, the asset-liability ratio of state-owned enterprises stood at 65.2%, which is an increase of 0.3 percentage points compared to the previous year [1]