Beijing: Chinese state-owned enterprises (SOEs) and state-controlled enterprises reported combined profits of more than 1.37 trillion yuan (about US$202 billion) in the first four months of 2026, representing year-on-year growth of 1.9%, latest government data showed Friday.

According to Emirates News Agency, during this period, Chinese SOEs' total operating revenue came in at roughly 26.27 trillion yuan, down 0.5%, according to data released by the Ministry of Finance. The SOEs' debt-to-asset ratio stood at 65.5% at the end of April, the data revealed.

This year's government work report released in March states that the country will formulate and implement plans for further deepening SOE and state-capital reform to refine the layout of the state-owned sector and adjust its structure.