Sharp increase in factory profit (3)

Sunil Garg, the head of Asia Pacific Equity Research at JP Morgan, said that the steady rise in optimism for earnings estimates is notable, "as is the fact that consumption demand sentiment is stabilizing".

From January to October this year, 27 of the 41 sectors covered by the bureau's data showed net revenue increases compared with a year earlier. The gains in the electricity and heating companies surged 57.5 percent and the growth was 9 percent in the auto industry.

In the meantime, 13 industries reported a drop in profits, including oil and gas exploration companies with earnings decreasing 3.2 percent. The petrochemicals, coking and nuclear-fuel processing industries showed losses in the first 10 months.

Contact the writers at chenjia1@chinadaily.com.cn and yuran@chinadaily.com.cn

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