Guizhou province's capital Guiyang is home to 564 State-owned and State-controlled enterprises, according to statistics collected from January to July, an increase of 42 from the same period in 2019 – year-on-year growth of 7.85 percent.
Among the 564 enterprises, 361 are at the city level and 203 are at the district level, including counties and county-level cities.
During the past seven months, the total operating income of the provincial capital's State-owned enterprises (SOEs) reached 16.77 billion yuan ($2.42 billion), with 11.73 billion yuan earned by city-level companies, up 10.3 percent and 3.4 percent year-on-year, respectively. The remaining enterprises contributed 5.04 billion yuan – a staggering year-on-year increase of 30.5 percent.
The total operating cost of SOEs during the same period totaled 18.43 billion yuan, up 11.1 percent over the previous year. Sales, management and financial expenses increased by 2.3 percent, 10.7 percent and 23.7 percent year-on-year, respectively.
The operating cost of city-level SOEs was 12.82 billion yuan, up 5.2 percent. Sales costs fell by 2.9 percent year-on-year and management and financial expenses rose by 3.2 percent and 36.8 percent, respectively.
At other levels, SOEs had a total operating cost of 5.61 billion yuan, a year-on-year increase of 27.4 percent. Their sales, management and financial expenses grew by 55.5 percent, 30.7 percent and 0.7 percent year-on-year, respectively.
City-level SOEs turned losses into profits by July, posting a 25.8 million yuan profit from January to July. Other SOEs had a loss of 401 million yuan; however, their losses in July were 20 million yuan less than those in June. Together, these enterprises saw a loss of 375 million yuan from January to July, a year-on-year increase of nearly 320 million yuan.
During the same period, tax payable by SOEs was 730 million yuan, up 45.4 percent year-on-year. Tax payable by city-level SOEs and others was 540 million yuan and 191 million yuan, year-on-year increases of 39.1 percent and 66.9 percent, respectively.
According to data at the end of July, SOEs' total assets reached 1.19 trillion yuan, a year-on-year growth of 6.2 percent. Total liabilities were 634.24 billion yuan, a year-on-year increase of 9.6 percent, and the total owner's equity was 551.50 billion yuan, a year-on-year growth of 2.6 percent.
The values of the total assets, liabilities and owner's equity of city-level SOEs were 560.55 billion yuan, 290.81 billion yuan and 269.74 billion yuan, up 6.4 percent, 12.2 percent and 0.8 percent year-on-year, respectively.
Values of total assets, liabilities and owner's equity of SOEs at other various levels were 625.19 billion yuan, 343.43 billion yuan and 281.76 billion yuan, up 6 percent, 7.4 percent and 4.4 percent, respectively.