The profits of industrial companies with annual revenues of more than 20 million yuan (USD 3.26 million) hit 483.17 billion yuan in August, the National Bureau of Statistics said in a statement.
In the first eight months, their profits rose 12.8 per cent to 3.5 trillion yuan.
Among the 41 industries surveyed, 25 posted year-on-year profit growth during the January-August period, while 14 saw their profits decline.
Electricity, heat production and the supply industry saw profits jump 70.1 percent in the first eight months, and manufacturers of computers, telecommunication and electronics saw their gains rise 29.2 percent, state run Xinhua news agency reported.
Also Read
Growth fell to 7.5 percent in the second quarter of the year, declining from 7.7 per cent in the first quarter and 7.9 percent in the final quarter of last year sparking concerns that for the first time in recent years, the country could miss the official target set at 7.5 percent for this year.