Total profits of China's industrial companies of national or above scale fell 4.7% year-on-year in January-November: Chinese report

According to the National Bureau of Statistics of China, the total profits of industrial enterprises with national-level or larger revenues (enterprises with annual main operating revenues of 20 million yen or more) from January to November fell 4.7% compared to the same period last year.
By company type, the total profits of state-owned holding companies were 2,387,700 million formers (about 44 trillion yen), down 8.4%, while joint-stock companies were 5.7%.
The figure for foreign-invested enterprises was 5.143 trillion yen (approximately 108.3 trillion yen), down 0.8% to 1.60629 trillion yen (approximately 34.7 trillion yen), and private enterprises were 1.0
By sector, the total profits of the mining and manufacturing industries fell 13.2% to 1,964,910 million formers (about 42,400 billion yen).
The manufacturing industry decreased by 4.6% to 4,852,490 million formers (approximately 104.8 trillion yen), while the production and supply industry of electricity, thermal energy, gas and water increased by 10.9% to 735,370 million formers (approximately 15 trillion yen).
Looking at profits by major industry, non-ferrous metal smelting and rolling processing industries showed high growth rates, increasing by 20.0%, while the electricity and thermal energy production and supply industry showed an increase of 13.5%.
Meanwhile, coal mining and cleaning industry saw a 22.4% decrease, while non-metallic mineral product manufacturing industry saw a 48.2% decrease. Petroleum, coal and other fuel processing industry, and black metal smelting and rolling industry were in the black compared to the same period last year.
During the same period, the operating income of industrial enterprises of a national or larger scale increased by 1.8% to 123.48 trillion yen (approximately 2,666.3 trillion yen). Operating costs increased by 2.3% to 10.
5.38 trillion yen (approximately 2,275.6 trillion yen), and operating profit margin was 5.40%, down 0.37 points from the same period last year.
On the other hand, the profits of industrial companies of a national or larger size in November were down 7.3% compared to the same month last year.
This is a decline of .