The combined profits of China's stateowned enterprises (SOEs) and state-holdings companies rose 13.7 percent year on year to 2.04 trillion yuan ($322.01 billion) in the first 11 months of the year, said the Ministry of Finance.

Industries such as the chemical, construction materials, non-ferrous metals and coal sectors saw big increases in their profits in the first 11 months. However, others, including the transportation, power generation and steel sectors and the medical industry, all posted heavy losses.