On September 29, the Ministry of Finance released the economic performance of national state-owned and state-owned holding enterprises from January to August 2024. From January to August, the total operating income of national state-owned and state-owned holding enterprises (referred to as state-owned enterprises) increased by 1.4% year-on-year, while the total profit decreased by 2.1%. I. Total operating income. From January to August, state-owned enterprises' total operating income was 53,812.23 billion yuan, a 1.4% year-on-year increase. II. Total profit. From January to August, state-owned enterprises' total profit was 2,883.68 billion yuan, a 2.1% year-on-year decrease. III. Taxes and fees payable. From January to August, state-owned enterprises' taxes and fees payable were 3,922.56 billion yuan, a 0.7% year-on-year increase. IV. Asset-liability ratio. At the end of August, the asset-liability ratio of state-owned enterprises was 64.9%, up by 0.1 percentage point. (Ministry of Finance website)