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MNI (Singapore)
     BEIJING (MNI) - Combined profits made by China's industrial companies in
the first quarter rose 11.6% from a year ago to CNY1.55 trillion, the National
Bureau of Statistics said Friday. That compared with an increase of 16.1% y/y in
Jan-Feb 2018, and was the lowest increase since December 2016, when the reading
was 8.5%.
     Among 41 industries, 25 including most mining and manufacturing had profits
rising y/y. One industry had a flat reading and 15 had profits falling. 
     Industrial profits for March rose only by 3.1% y/y to CNY589.75 billion,
compared with over 20% in every month last year.
     Here are the subcategory breakdowns of the 1Q industrial profits:
     --State-owned enterprises' profits rose 23.1% y/y to CNY476.29 billion,
compared with 29.6% gain in Jan-Feb.
     --Publicly-listed companies' profits rose 16.2% y/y to CNY1.09 trillion,
compared with 21.0% growth in Jan-Feb.
     --Mining companies' profits rose 36.1% to CNY137.54 billion, compared with
a growth rate of 42.1% in Jan-Feb.
     --Manufacturing industry profits rose 8.2% y/y to CNY1.30 trillion,
compared with 12.5% growth in Jan-Feb.
     --Power companies' profits rose 30.4% y/y to CNY112.06 billion, compared
with a 35.2% gain in Jan-Feb.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: M$A$$$,M$Q$$$,MT$$$$]

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