Chinese SOE profits down 11.6 pct Jan-June

 BEIJING, July 16 (Xinhua) -- The profits of China's state-owned enterprises (SOEs) fell 11.6 percent year on year to 1.02 trillion yuan (161.4 billion U.S. dollars) in the first half of 2012, showed data released on Monday.

On a monthly basis, the SOEs' combined profits reversed the previous downward trend with a 20.6-percent gain in June, according to a statement posted on the website of the Ministry¹ of Finance, without elaboration on the reasons for the rebound².

During the January-June period, the tobacco, auto³, post and telecommunications industries saw big profit gains, while the transportation, chemicals, construction materials and nonferrous metals industries experienced steep declines.

Chinese SOEs saw revenues grow 11.1 percent year on year to 19.85 trillion yuan in the first six months of the year, the statement said.

Their net sales margin⁴ ratio came in at 3.8 percent, down 1.1 percentage points from a year ago, while the rate of return on equity⁵ was 2.9 percent, down 0.9 percentage points year on year.

In breakdown⁶, the profits of centrally administered SOEs slid 10.4 percent from a year earlier to 695.21 billion yuan January-June, while SOEs under local governments saw profits decrease 13.9 percent to 325.16 billion yuan.

The report does not include SOEs in the financial sector⁷.

1 ministry   

n.(政府的)部；牧师

参考例句：

• They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
• We probed the Air Ministry statements.我们调查了空军部的记录。

2 rebound   

v.弹回；n.弹回，跳回

参考例句：

• The vibrations accompanying the rebound are the earth quake.伴随这种回弹的振动就是地震。
• Our evil example will rebound upon ourselves.我们的坏榜样会回到我们自己头上的。

3 auto   

n.(=automobile)(口语)汽车

参考例句：

• Don't park your auto here.别把你的汽车停在这儿。
• The auto industry has brought many people to Detroit.汽车工业把许多人吸引到了底特律。

4 margin   

n.页边空白；差额；余地，余裕；边，边缘

参考例句：

• We allowed a margin of 20 minutes in catching the train.我们有20分钟的余地赶火车。
• The village is situated at the margin of a forest.村子位于森林的边缘。

5 equity   

n.公正，公平，（无固定利息的）股票

参考例句：

• They shared the work of the house with equity.他们公平地分担家务。
• To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。

6 breakdown   

n.垮，衰竭；损坏，故障，倒塌

参考例句：

• She suffered a nervous breakdown.她患神经衰弱。
• The plane had a breakdown in the air,but it was fortunately removed by the ace pilot.飞机在空中发生了故障，但幸运的是被王牌驾驶员排除了。

7 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。