Industrial companies' profits decreased by 27.1 percent in September compared to the same month last year, according to the report.
In August, they decreased by almost 18 percent, and during the first nine months of the year, they have decreased by 3.5 percent compared to 2023.
The figures are an important measure of how the economy is doing in the country. The world's second-largest economy is currently in a tough spot, and several stimulus measures have been introduced to try to boost China's economy. Among other things, consumption has fallen and the real estate sector is struggling with large debt problems.
Recently, figures also showed that inflation, i.e. consumer price increases in annual terms, increased less than expected. Moreover, producer prices continue to fall.
