A view of Huzhou, East China's Zhejiang province. [Photo/WeChat account: huzhoufabu]

The total assets of State-owned enterprises in Huzhou, East China's Zhejiang province amounted to about 1.013 trillion yuan ($155.85 billion) in the first half of this year, an increase of 26.83 percent year-on-year, according to local authorities.

Among them, enterprises under municipal supervision saw their assets increase 19.31 percent to 270.05 billion yuan over the period.

Their revenue totaled 14.726 billion yuan, up 62.47 billion yuan year-on-year, with profits surging 15.11 percent to 861 million yuan.

More than 93 percent of the operational State-owned assets from the city are under centralized supervision.

As of June this year, Huzhou is home to 20 State-owned enterprises, each with over 10 billion yuan in assets. Among them, one company has seen its assets surpass 100 billion and seven has assets worth more than 50 billion yuan. 

This year, three major State-owned enterprises from the city, which are Huzhou City Investment & Development Group, Huzhou Communications Investment Group, and Huzhou Industrial Group, plan to implement 123 projects, with a planned investment of 37.5 billion yuan. 

As of the end of June, they had used an investment of 20.8 billion yuan, accounting for 55 percent of their annual target.

Huzhou City Investment & Development Group and Huzhou Communications Investment Group were rated as 3A-level enterprises by Dagong Global Credit Rating Group, an authoritative Chinese credit rating agency. 3A is the top sovereign credit rating given to enterprises by the agency.