The Saudi Press Agency reported on 31 October 2026 that Chinese state‑owned enterprises posted a total profit of 3.31 trillion yuan, or roughly US$497.5 billion, in the first nine months of the year, marking a 3% year‑over‑year increase. The agency noted that operating revenue for the same period fell 3.2% to 60.01 trillion yuan, while the debt‑to‑asset ratio stood at 65.5% at the end of September.
Profit Growth – The 3% rise in profit, as highlighted by the Saudi Press Agency, indicates a modest improvement for the sector compared to the previous year. This figure was derived from data released by China’s Ministry of Finance, as noted in the agency’s report.
Revenue Decline – The decline in operating revenue, cited by the Saudi Press Agency, signals that while profitability has improved, the overall revenue generated by state‑owned companies has slipped by 3.2% from the same nine‑month period last year. The agency referenced the Ministry of Finance’s statement on this revenue trend.
Debt‑to‑Asset Ratio – The debt‑to‑asset ratio of 65.5%, reported by the Saudi Press Agency, remained unchanged at the close of September. The agency indicated that this metric reflects the firms’ leverage levels at the end of the reporting period.
The agency added that these indicators come amid China’s ongoing efforts to deepen reforms of state‑owned and capital‑owned enterprises, as outlined in a March government work report. The report, as described by the Saudi Press Agency, aims to develop the sector’s structure and improve efficiency.
In its brief, the Saudi Press Agency emphasized that the figures illustrate a “positive performance” by Chinese state‑owned companies during the first nine months of 2026. The agency’s coverage is based on official statements from the Chinese Ministry of Finance, as cited in the Saudi source.
Without additional domestic reporting sources, the agency’s summary remains the primary source of information on the fiscal outcomes of China’s state‑owned enterprises for the period in question. The Saudi Press Agency’s account therefore serves as the sole reference for the figures presented herein.
