SHANGHAI -- Listed Chinese companies logged a decrease in combined January-June net profit due to an economic slowdown and efforts to address industrial overcapacity and bad debts, on the heels of the first full-year decline in seven years in 2015.
Comparable year-earlier data was available for 2,928 enterprises on the Shanghai and Shenzhen bourses. They logged a combined profit of 1.38 trillion yuan ($206 billion) for the half, down 5%, financial data from Shanghai DZH shows. The decline reaches double digits if banks are excluded.
