An engineer assembles an axial-flow compressor at a workshop of the Shaanxi Blower (Group) Co., Ltd., a state-owned enterprise, in Xi'an, Northwest China's Shaanxi Province, November 18, 2020. Photo: Xinhua

In 2025, the total assets of China's central State-owned enterprises (SOEs) exceeded 95 trillion yuan ($13.66 trillion), and their total profits reached 2.5 trillion yuan, data from the state-asset watchdog State Council's State-owned Assets Supervision and Administration Commission (SASAC) showed.

The central SOEs have effectively facilitated the integrated development of enterprises across the industrial chain, providing strong support for the successful accomplishment of the main tasks of China's economic and social development, Pang Xiaogang, deputy head of SASAC, said at a press conference held by the State Council Information Office on Wednesday.

In the meantime, central SOEs completed fixed-asset investments of 5.1 trillion yuan, and paid taxes and fees of 2.5 trillion yuan, according to Pang.

As the country attached greater emphasis to research and development (R&D) and self-reliance in science and technology, central SOEs also played an active role, according to Pang.

At the press conference, it was revealed that in 2025, central SOEs invested 1.1 trillion yuan in R&D, marking the fourth consecutive year that R&D spending exceeded 1 trillion yuan. Also, central SOEs also witnessed a record-high 22 new academicians being elected to the Chinese Academy of Sciences and Chinese Academy of Engineering.

Additionally, a total of 23 innovation consortia incorporated over 100 new innovation entities to tackle key challenges, achieving a series of breakthroughs in cutting-edge fields and further highlighting the role of national strategic scientific and technological capabilities, according to Pang.

In 2025, central enterprises completed investments of 2.5 trillion yuan in strategic emerging industries, accounting for 41.8 percent of their total investment.

In the past year, the country's central SOEs saw over 70 percent of their revenue coming from areas related to national security, the lifeline of the national economy, and the people's livelihood.

During the year, strategic and specialized restructuring and integration have been carried out in an orderly manner, according to SASAC officials. Since 2023, four new central enterprises have been established, leading to continued optimization of resource allocation in the country.

Global Times