Beijing, May 29 -- owned enterprises (SOEs) and state-controlled enterprises reported combined profits of more than 1.37 trillion yuan (about 202 billion U.S. dollars) in the first four months of 2026, representing year-on-year growth of 1.9 percent, latest government data showed Friday.

During this period, Chinese SOEs' total operating revenue came in at roughly 26.27 trillion yuan, down 0.5 percent, according to data released by the Ministry of Finance.

The SOEs' debt-to-asset ratio stood at 65.5 percent 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 st...