China's shipbuilding and its related industries' operating profit and total profit all made decreases in October.
The China Association of National Shipbuilding Industry (CANSI) reported that operating profit of China's 1,647 shipbuilding-related companies over a certain level slightly declined to CNY 557.7bn ($89.5bn), during the first ten months of this year.
Shipbuilding industry declined by 4.8% year-on-year to CNY 413.1bn, while ship equipment and ship repair marked CNY 86.2bn and CNY 12bn, up by 18.8% and 8.1% each.
Meanwhile, from January to October of 2012, China's shipbuilding-related industries over a certain level saw their total profit decreased by 37% year-on-year to CNY 23.4bn.
Among them, shipbuilding and ship equipment industries dropped by 42.7% and 5.8% year-on-year to CNY 18.4bn and CNY 3.5bn, respectively, and ship repair record a loss of CNY 50m, down by CNY 101m against a year ago.