The net profit of China's centrally-administrated state-owned enterprises (SOEs) rose 40.2 percent year on year to 848.98 billion yuan (128.95 billion U.S. dollars) in 2010, China's state-owned enterprises (SOEs) watchdog said Friday.
Revenue at the companies increased 32.1 percent year on year to 16.7 trillion yuan, the State-owned Assets Supervision and Administration Commission (SASAC) said in a statement.
China's 122 centrally-administrated SOEs paid taxes of 1.41 trillion yuan in 2010, a 27.7-percent year-on-year increase.
