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MNI: Profits received by China's state-owned companies in 2017 rose 23.5% from a
year ago to CNY2.9 trillion, data by the Ministry of Finance on Tuesday show.
- Revenues by SOEs gained 13.6% y/y to CNY52.2 trillion;
- Central-administered SOEs made combined CNY1.8 trillion in profits last year,
a 16% increase y/y, while revenues rose 12.5% to CNY30.8 trillion;
- Profitability in coal, transportation, petrochemical industries surged y/y,
while power generation companies saw their profits drop.