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SDIC sees 32% surge in 2011 profit

Jan. 31, 2012 (China Knowledge) - China State Development & Investment Corp (SDIC) reaped a profit of RMB 9 billion last year, 32% more than in 2010, the sources reported.

The state-owed company realized RMB 80 billion in operating revenue last year, 24% more than in the preceding year.

As of the end of last year, the company's total assets had reached RMB 280 billion.

In 2010, the company booked a profit of RMB 6.8 billion on operating revenue of RMB 64.6 billion.

SDIC, established in 1995, is a state-owned investment holding company. The firm's listed subsidiaries include SDIC Huajing Power Holdings Co Ltd<600886>, SDIC Xinji Energy Co Ltd<601918>, SDIC Zhonglu Fruit Juice Co. Ltd<600962> and Sinotex Investment & Development Co<600061>.

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