In the first quarter of this year, the main state-owned enterprises in China

The Ministry of Finance announced on the 18 day that the state owned and state holding enterprises' economic performance in the first quarter showed that in March this year, the total profits of state-owned enterprises totaled 512 billion 350 million yuan, an increase of 27.5% over the same period last year, and the growth rate in February was 12.3% higher than that in February.

State owned enterprises accumulated a net profit of 381 billion 20 million yuan.

Data also showed that the total revenue of state-owned enterprises reached 8 trillion and 90 billion yuan in 1-3 months, an increase of 24.7% over the same period last year, and the growth rate in March was 14.2% higher than that in February.

The inventory of state-owned enterprises increased by 25.4% over the same period last year.

Inventory turnover was 1.1 times, unchanged from the same period last year.

It is worth noting that although the main performance indicators of state-owned enterprises continue to maintain growth momentum, the increase in operating costs is higher than the increase in total operating revenue.

Data show that 1-3 months, state-owned enterprises total cost of 7 trillion and 611 billion 230 million yuan, an increase of 24.7% over the same period.

Among them, operating costs increased by 25.1% over the same period, while sales, management and financial expenses increased by 18.2%, 16.8% and 26.3% respectively.

Sub sectors, the first 3 months of this year, building materials, construction real estate, chemical industry and other industries to achieve a larger profit growth.

Building materials, electronics, construction real estate and other industries achieved a larger profit margin.

The central five major power companies continued to suffer losses.

The Ministry of Railways suffers losses.