Revenue - In the first four months, the total operating revenue of state-owned enterprises remained flat compared to the previous year, amounting to 262,755.0 billion yuan [1] Profit - The total profit of state-owned enterprises in the first four months decreased by 1.7% year-on-year, totaling 13,491.4 billion yuan [2] Tax Payable - The tax payable by state-owned enterprises in the first four months was 20,380.0 billion yuan, reflecting a slight increase of 0.1% year-on-year [3] Debt Ratio - As of the end of April, the asset-liability ratio of state-owned enterprises was 65.1%, which represents an increase of 0.2 percentage points compared to the previous year [4]

Group 1 - The core viewpoint of the article indicates a decline in the economic performance of state-owned and state-controlled enterprises in China for the first five months of 2025, with total operating revenue and total profit both experiencing year-on-year decreases [1] Group 2 - In the first five months of 2025, the total operating revenue of state-owned enterprises was 3,280.625 billion yuan, reflecting a year-on-year decrease of 0.1% [1] - The total profit of state-owned enterprises during the same period was 165.145 billion yuan, showing a year-on-year decline of 2.8% [1] - The tax and fee payable by state-owned enterprises amounted to 247.016 billion yuan, which is a year-on-year decrease of 0.9% [1] - As of the end of May, the asset-liability ratio of state-owned enterprises stood at 65.1%, an increase of 0.2 percentage points compared to the previous year [1]