Profit growth in China's industrial firms slowed in September from the previous month's rapid pace as several sectors showed weak activity, suggesting the world's second-biggest economy remains underpowered despite emerging signs of stability.
Profits in September rose 7.7 percent to 577.1 billion yuan, slowing sharply from August's 19.5 percent jump, according to data released by the National Bureau of Statistics (NBS) on its website on Thursday.
Profits in industries such as electronics, steel and electricity were hit by a significant drop in growth, He Ping, a NBS official said in a note accompanying the data.
The August profit growth marked the fastest pace in three years, helped by Beijing's spurge on infrastructure projects and a booming real estate industry.
Low base effects from the stock market crash in 2015 faded in September, the NBS said.
Total profits for the first nine months stood at 4.64 trillion yuan ($684.77 billion), up 8.4 percent from the same period a year ago, the same pace as in the January to August period.