BEIJING, March 31 (Xinhua) -- China's state-owned and state-controlled enterprises (SOEs) saw their total revenue rise 0.2 percent year on year to 12.57 trillion yuan (about 1.8 trillion US dollars) in the first two months of 2026, data from the Ministry of Finance showed Tuesday.

This file photo shows the drilling site of the Jiyang shale oil national demonstration zone in east China's Shandong Province. (File photo: Xinhua)

During the period, the total profits of SOEs fell 2 percent from a year earlier to 626.62 billion yuan, while their total tax payments stood at 1.09 trillion yuan, down 2.3 percent.

The asset-liability ratio of SOEs came in at 65.4 percent at the end of February, up from 65.1 percent at the end of December in 2025.