The ministry of finance released the latest data show that, 1 ~ 10 months of this year, the state-owned enterprise profit total 2.08433 trillion yuan, up 6.1% from a year earlier, which total liabilities of 65.5129 trillion yuan, up 12.1% from a year earlier. It is worth noting that the financial cost of state-owned enterprises remains more than 20% of the growth, greatly to drag down the profitability of the state-owned enterprise.

Scope of the Treasury, according to statistics of the national state-owned and state holding enterprises profit and have to pay taxes the year-on-year growth picks up, but costs increased higher than revenue growth, increase debt than asset growth.

The Treasury, according to data released in October 1 ~, state-owned enterprises operating income of 39.3171 trillion yuan, up 4.5% from a year earlier. But the total operating costs are also on the rise, in the first 10 month total operating costs 37.97546 trillion yuan, up 4.8% from a year earlier, the cost of sales, management, and financial expenses year-on-year growth of 6%, 3.3% and 6% respectively. Several fees, finance charges, fastest-growing financial expenses grew by 21.3% year on year, in which the central soes local state-owned enterprises financial expenses increased by 14.6%.

In late October, state-owned enterprise total assets of 100.41117 trillion yuan, up 11.9% from a year earlier. Owners' equity amounted to 34.89827 trillion yuan, up 11.5% from a year earlier.

Specific terms, the central enterprise indebted amount of 34.49064 trillion yuan, up 10.3% from a year earlier, local state-owned enterprise total assets and liabilities of 31.02226 trillion yuan, up 14.2% from a year earlier, local state-owned enterprises debt faster growth.

From the perspective of a specific industry, 1 ~ 10 months, compared with a year earlier, steel, transport, automobile, construction, real estate and power industries profit growth; Non-ferrous, coal, chemical industry, petroleum and petrochemical, and post and telecommunication industries profit total negative growth.

As the central bank to cut interest rates, corporate profits are expected to improve in the future. Xi Huang Sheng cast net chairman told the daily economic news "reporter in an interview, cut is mainly lets these industries have liabilities to reduce costs, reduce the risk of housing, and lower interest rates will stimulate the industry to increase investment.

Huatai Xu Biao strategy analyst thinks, to improve the net profit of the enterprise, the main power comes from the financial cost is reduced, exactly is to alleviate this prominent problems of enterprise financing costs, at present more than 80 one trillion yuan of outstanding loans, interest rate cut is expected to save spending 320 billion yuan.