BEIJING, Jan. 17 (Xinhua) -- The profits of China's centrally-administered state-owned enterprises (SOEs) registered steady growth in 2024, the country's top state assets regulator said on Friday.

Total profits of China's central SOEs reached 2.6 trillion yuan (about 361.7 billion U.S. dollars) last year, according to the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council.

In 2024, the total assets of central SOEs exceeded 90 trillion yuan, marking a 5.9 percent increase year on year, data from the SASAC showed.

During the year, the fixed-asset investment of central SOEs, including real estate, expanded 3.9 percent year on year to 5.3 trillion yuan, the data showed.

In particular, investment in strategic emerging industries totaled 2.7 trillion yuan, marking a remarkable increase of 21.8 percent year on year.

According to the SASAC, the central SOEs saw their spending on research and development reach 1.1 trillion yuan in 2024. The figure surpassed one trillion yuan for the third consecutive year. Enditem

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