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The total revenue of State-owned enterprises under the supervision of the central government surged to 754.7 billion yuan (US$98.59 billion) in 2006 from 300.6 billion yuan in 2003, an increase of 151.1 percent, according to Li Rongrong, director of the State-owned Assets Supervision and Administration Commission.

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During the period, the net assets yield for these enterprises grew to 10 percent from the original five percent, with a yield for total assets rising to 7.6 percent compared with five percent in 2003.

By the end of 2006, assets of State-owned enterprises under the supervision of the central government had reached 12.27 trillion yuan and net assets, 5.35 trillion yuan, up 47.4 percent and 48.7 percent respectively from the end of 2003.

From 2004 to 2006, the total assets of these enterprises saw an annual increase of 1.3 trillion yuan on average, and main business revenue grew by 1.2 trillion yuan every year, with a year-on-year profit growth of 150 billion yuan.

(For more biz stories, please visit Industry Updates)