Guangxi SOEs Achieve Nearly 2.3 Billion Yuan in Profits in Jan-Feb
From January to February, state-owned enterprises (SOEs) under the supervision of the State-owned Assets Supervision and Administration Commission of Guangxi Zhuang Autonomous Region (Guangxi SASAC) recorded profits of nearly 2.3 billion yuan ($316.5 million), a 57 percent increase year-on-year. Total investment reached 22.4 billion yuan, up 30 percent year-on-year, with 2.8 billion yuan allocated to emerging industries, an 83.6 percent increase year-on-year.
China Telecom’s 2024 Revenue Reaches 523.6 Billion Yuan
China Telecom Corporation Limited (China Telecom) recently released its 2024 annual performance report, announcing a full-year operating revenue of 523.6 billion yuan ($72.11 billion), marking a 3.1 percent increase year-on-year.
CNOOC Reports Growth in Reserves, Production and Profits in 2024
CNOOC Limited reported robust growth in reserves, production and profits for 2024, the Chinese oil and gas giant announced on Thursday.
Hubei SOEs See Investment Rise in Jan-Feb
Hubei's state-owned enterprises have expanded effective investments in the first two months of 2025, the State-owned Assets Supervision and Administration Commission of Hubei Province (Hubei SASAC) reported.
Sinopec’s 2024 Operating Revenue Reaches 3.07 Trillion Yuan
China Petrochemical Corporation (Sinopec) released its 2024 annual performance report on March 23, announcing a full-year operating revenue of 3.07 trillion yuan ($420.5 billion).
China Mobile Reports 2024 Revenue of 1.04 Trillion Yuan
China Mobile Communications Group Co., Ltd. (China Mobile) recently released its full-year results for 2024, reporting an operating revenue of 1.04 trillion yuan ($0.14 trillion), a year-on-year increase of 3.1 percent.
Sinopec Sees its Full-Year Operating Revenue Hit $420.5b
China Petroleum and Chemical Corp, also known as Sinopec, achieved a full-year operating revenue of 3.07 trillion yuan ($420.5 billion) in 2024, with profitability across the entire natural gas industry chain reaching a record high, the company said on Sunday.
[New Year, New Beginning] Shanghai Port Reports Record High of Foreign Arrivals
Shanghai Wusongkou International Cruise Terminal, operated by China Merchants Group, welcomed a record number of foreign tourists in a single day as two major international cruise ships docked at the port on March 16.
[New Year, New Beginning] Shanghai Waigaoqiao Shipbuilding Installs 1,000-ton Crane
Shanghai Waigaoqiao Shipbuilding Co., Ltd. (SWS) has completed installation of a 1,000-ton gantry crane at its dockyard operation center.
[New Year, New Beginning] SPIC Accelerates Major Projects Construction
Since the beginning of the year, the State Power Investment Corporation Limited (SPIC) has made steady progress in a series of major projects. By the end of February, construction had commenced on nearly 160 projects, with a total installed capacity exceeding 40 gigawatts.
[New Year, New Beginning] GRINM Group Accelerates Innovation with Remarkable Achievements
Since the beginning of the year, China GRINM Group Corporation Limited (GRINM Group) has made solid progress in advanced technological innovation and industrial upgrades.
[New Year, New Beginning] CCTEG Advances Key Projects with Breakthroughs
China Coal Technology & Engineering Group (CCTEG) continues work on its many projects.
