Net profits o f listed central State-owned enterprise (SOEs) declined by 3.8 percent year-on-year to 406.88 billion yuan ($64.52 billion) in 2011 despite a rise in total revenue, China Securities Journal reported on Thursday, citing data from Wind Information Co Ltd.

Out of the 283 listed central SOEs, 203 have released their annual reports for 2011 as of April 11, according to Wind Info, a financial data provider. The total revenue of the 203 firms amounted to 9.07 trillion yuan in 2011, up 23.9 percent year-on-year.

The profits reaped by the central SOEs in 2011 accounted for 51.48 percent of net profits harvested by the nation's 1500 A-share listed companies. The 1500 firms realized revenue of 15.24 trillion yuan in 2011, a 23.75 percent increase on the previous year, and the profits were 790.43 billion yuan, up 5 percent year-on-year.

The central SOEs' profit slump may be partially attributed to the surge in expenditure, notably financing expenses, which climbed 27.02 percent, and labor expenses, which saw a per capita increase of 18.64 percent in 2011.

Among the 203 SOEs, 135 have rolled out plans to distribute dividends estimated to 110.2 billion yuan.