Profit growth of China's industrial firms rebounds

The profit growth of China's industrial companies significantly rebounded in the first two months of the year, according to the National Bureau of Statistics.

The profit of industrial companies with an annual revenue of 20 million yuan ($3.22 million) or more reached 709.2 billion yuan in the first two months, up 17.2 percent year-on-year.

In 2012, the full-year annual profit growth of industrial companies was only at 5.3 percent.

In the first two months, the profits of State-owned industrial companies reached 212.5 billion yuan, up 18.9 percent year-on-year.

In the same period, the revenue of large industrial companies rose 13.1 percent, slower than the growth of profits, suggesting an improvement in the profit margins.