The profit remittance ratio for state-owned central enterprises has been significantly increased, with China Tobacco, China National Petroleum, and others paying 35% at the ceiling/upper limit.

GateUser-bd883c58 · 2026-04-07T06:57:07+00:00

The Ministry of Finance recently released the 2026 central government budget, which shows a clear increase in the share of after-tax profits of state-owned wholly-owned enterprises to be remitted to the treasury. It is expected that in 2025, the profits remitted by central enterprises will reach 3750.77 billion yuan, a year-on-year increase of 78.5%. The enterprises are divided into four categories, and the remittance rate ranges from exempt to 35%, reflecting different policy directions.

GateUser-bd883c58

2026-04-07 06:57:07

Abstract generation in progress

Ask AI · What policy directions are reflected in the differences in the remittance ratios across different categories of enterprises?

Recently, the Ministry of Finance disclosed the 2026 Central Government budget, including the first disclosure in the 《Explanatory Note on the 2026 Central State-Owned Capital Operations Budget》 of the collection ratio for the after-tax profits of centrally state-owned wholly owned enterprises (non-financial). Compared with previously disclosed data, the relevant figures have been adjusted significantly. The core change is that the proportion of profits remitted to the government has increased markedly, which has also brought the profit remittance income from central enterprises in the 2025 central state-owned capital operations revenue to 3750.77 billion yuan, representing an increase of approximately 78.5%.

According to the 《Explanatory Note》, the collection ratio for the after-tax profits of centrally state-owned wholly owned enterprises (non-financial) is mainly implemented across four categories:

The first category is tobacco enterprises and resource-based enterprises such as oil and petrochemicals, power, telecommunications, and coal, with a collection ratio of 35%.

The second category is general competitive enterprises such as non-ferrous and ferrous metal mining and extraction, transportation, electronics, trade, and construction, with a collection ratio as high as 30%.

The third category is defense industry enterprises, restructured research institutes, China Post Group Co., Ltd., China National Railway Group Co., Ltd., Beidahuang Agricultural Reclamation Group Co., Ltd., central cultural enterprises, and enterprises under central departments, with a collection ratio of 20%.

The fourth category is policy-oriented enterprises, which are exempt from paying state-owned capital gains.

(Source: Ministry of Finance)

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