SOEs generate profits of $410 billion in 2011 ample beauties. Korean Willowy babes.

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Beijing (CNS) -- China's state-owned and state-controlled companies (SOEs) realized total operating revenue of 39.25 trillion yuan (US$6.29 trillion) and total profit of 2.58 trillion yuan in 2011, according to a central government report released Wednesday.

Wang Yong, director of the State-Owned Assets Supervision and Administration Commission, delivered the report on SOE reform at the bi-monthly session of the Standing Committee of the National People's Congress, China's top legislature.

The total assets of the 144,700 companies are worth 85.37 trillion yuan (US$13.66 trillion), 3.3 times more than in 2003, according to the report. At present, 90 percent of the SOEs have been transformed into joint-stock companies with more effective management, said Wang.

The country will continue to reform its SOEs and help them engage the market, he added.