The profits of China's leading industrial companies rose 2.4% in the first eleven months of the year, the National Statistical Office (ONE) reported today.

Earnings between January and November reached 57.4 trillion yuan (7.1 trillion euros, 8.7 trillion dollars), indicated the ONE.

For the elaboration of this indicator, the statistical office only takes into account those industrial companies with annual revenues of more than 20 million yuan (2.9 million dollars, 2.45 million euros).

In the interannual calculation, the profits of the main industrial companies grew by 15.5%, a decrease of 12.7 points compared to October.

The profits of state-owned companies fell 4.9%, while those of private companies increased 1.8% and those of foreign companies grew 4.3%.

Of the 41 sectors collected by the ONE, 25 increased their profits, 15 decreased them and one remained the same.

Among those that increased their profits the most, the special equipment industry stands out, with 23% and the manufacturing industry with 15.7%. computers and electronic equipment.

The expert Zhu Hong, from the statistical office, highlighted that supply and demand "constantly improved" and the production and operating conditions of the companies showed "a sustained and stable recovery."

According to Zhu, production and sales have maintained rapid growth, and improving market conditions led to corporate profits continuing to rise.

In addition, the earnings growth of the equipment and high-tech industries has accelerated and the profitability of some traditional industries has improved.

He also highlighted that unit costs have been reduced for the first time, the operating income margin of industrial companies has increased and the scope of corporate losses has been reduced.

Although the annual growth rate of earnings has slowed since October, it continues to maintain double-digit growth at 15.5 percent, the statistician noted.

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