China Industrial Profits Grew 19.1% Y/Y in June: NBS

-- Profit Growth In Jan-June Eases to 22.0% Y/Y From 22.7% in Jan-May

     BEIJING (MNI) - The combined profits at Chinese industrial companies rose

19.1% y/y in June to CNY727.78 billion, the National Bureau of Statistics said

Thursday. 

     This compared to an increase of 16.7% in May, the bureau said.

     For the first half of this year, total profits rose 22.0% y/y to CNY3.63

trillion. The growth was 0.7 percentage point lower than the 22.7% gain in the

first five months of the year.

     Major breakdowns for industrial profits in first half of this year:

     --State-owned enterprise profits rose 45.8% y/y to CNY805.45 trillion;

     --Share-issuing enterprise profits rose 23.6% y/y to CNY2.57 trillion;

     --Mining industry profits in June were 13.4 times higher than a year

earlier, rising to CNY243.59 billion; 

     --Manufacturing industry profits rose 18.5% y/y to CNY3.21 trillion;

     --Power production industry profits decreased 28.2% y/y to CNY184.99

billion.

--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com

--MNI BEIJING Bureau; +1 202-371-2121; email: john.carter@mni-news.com

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