(Yicai) Oct. 3 -- China's state-owned enterprises (SOEs) reported a 1.4 percent year-on-year increase in revenues from January to August this year, according to the Ministry of Finance.

Their combined revenues totaled around CNY53.81 trillion (USD7.56 trillion) during this period.

Combined profits dropped 2.1 percent to about CNY2.88 trillion from the same period a year ago, the data showed.

SOEs saw their debt-to-asset ratio stand at 64.9 percent at the end of August, according to the finance ministry.