The overall profitability of Henan's 41 provincially-administered SOEs was increased quickly over the past two months. Specifically, their revenue expanded 39.2 percent year-on-year to 101.06 billion yuan and their profit 58.1 percent to 4.1 billion yuan, said a source from the State-owned Assets Supervision and Administration Commission of the People's Government of Henan Province on March 12.
Revenue and profit are key performance indicators to evaluate businesses. Since January, the return on equity, R&D investment intensity, labor productivity and operating cash ratio of the enterprises mentioned above has increased obviously, while their debt-to-asset ratio declined steadily, showing a sound momentum for high-quality economic development. (Chinese source: Henan Daily Reporter: Luan Shan Translator: Yang Jiaxin Proofreader: Ding Lan)
