Profits of China's central State-owned enterprises (SOEs) rose 2.1 percent year-on-year to 1.4 trillion yuan ($215.77 billion) in 2020, with around 80 percent of central SOEs reporting rising profits, said the State-owned Assets Supervision and Administration Commission (SASAC) on Tuesday.
The country's 97 central SOEs raked in 30.3 trillion yuan in combined revenues last year, down 2.2 percent year on year, SASAC spokesperson Peng Huagang told a press conference.
In December alone, central SOEs saw their revenues rise for the fifth straight month to 3.7 trillion yuan, an 11.7-percent expansion from a year ago.
The fixed-asset investment of central SOEs, excluding property investment, rose 1.9 percent year on year to 2.8 trillion yuan in 2020 despite the adverse impact of COVID-19, according to the SASAC.
(With input from Xinhua)