SFC Markets and Finance | Guangdong SOEs have "Three New" for high-quality development
In 2024, the total assets of Guangdong’s provincial state-owned enterprises (SOEs) reached 2.73 trillion yuan, a 37.8% increase from 2020. In Q1 2025, these SOEs generated 161.867 billion yuan in revenue and 9.096 billion yuan in profit, up 0.9% and 9.5% year-on-year.