MNI: China Nov Industrial Profit Growth Softens to 7-month Low

     BEIJING (MNI) - Combined profits at Chinese industrial companies rose 14.9%

year-on-year in November to CNY785.82 billion, the National Bureau of Statistics

said Wednesday. 

     That compared with an increase of 25.1% in October, compared with the same

month last year, the bureau said. The growth was the slowest since April, when

it stood at 14%.

     For the first 11 months of this year, total profits rose 21.9% year-on-year

to CNY6.88 trillion. The growth was 1.4 percentage points lower than the 23.3%

gain in the January-to-October period.

     Here are subcategory breakdowns for industrial profits in the first 11

months of 2017:

     --State-owned enterprise profits rose 46.2% year-on-year to CNY1.58

trillion, compared with 48.7% growth in the first 10 months of the year.

     --Listed companies' profits rose 23.9% year-on-year to CNY4.80 trillion,

compared with 25.3% growth in the first 10 months of the year.

     --Mining industry profits rose 2.9 times to CNY443.4 billion, compared with

a growth rate of 4.1 times in the January-to-October period.

     --Manufacturing industry profits rose 18.9% year-on-year to CNY6.04

trillion, compared with 20.1% growth in the first 10 months of the year.

     --Power-production industry profits fell 12.8% year-on-year to CNY390

billion, compared with 16.3% decrease in the first 10 months of the year.

--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: beijing@mni-news.com

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

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

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