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China's industrial firms post 1.4pct fall in profits over Nov
(MENAFN) Profits of China's top manufacturing firms declined 1.4 percent y-o-y in November, contracting from a 4.6 percent decline reported in October.
Accordingly, the slowdown of profit deteriorations was mainly supported by rebounding sales, lower costs and higher investment returns.
Electricity Automobile and industries in particular logged marked profit progress, a chief contributor to improvement in the total industrial profits.
However, the country's industrial firms still have to deal with rapid piling up of finished products and fast increase of receivables, as experts explains it.
Accordingly, the slowdown of profit deteriorations was mainly supported by rebounding sales, lower costs and higher investment returns.
Electricity Automobile and industries in particular logged marked profit progress, a chief contributor to improvement in the total industrial profits.
However, the country's industrial firms still have to deal with rapid piling up of finished products and fast increase of receivables, as experts explains it.
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