The net profit of 1,380 companies listed in China's stock market totaled 148.275 billion yuan (18.3 billion US dollars) in the first three quarters this year, down 2.81 percent year on year, the China Securities Journal reported on Monday.

The average revenue per share was 0.195 yuan during the period,down 8.87 percent year on year, the newspaper quoted third-quarterreports released by the 1,380 companies as saying.

The total revenue from corporate staple services, however, grew23.72 percent to 3.028 trillion yuan (373.41 billion dollars) in the first nine months. Meanwhile the cost for staple services alsoreached 2.458 trillion yuan (303.1 billion dollars), up 27.96 percent year on year, which is 4.24 percentage points higher than that of revenue.

Of the 1,380 listed companies, 1,141 witnessed profits while 239 witnessed losses during the period.

Of the 22 industries, 13 saw their net profit decline year on year. The profit of the real estate industry grew at a rate of 69.15 percent, the fastest among all industries during the period.

The net profit of the oil, chemical, plastic, metal and non-metal industries accounted for 73.33 percent of the total net profit of all listing companies.

Over one-fourth of the listed companies in China's stock markethave made predictions about their performances for the whole year,64.27 percent of which foretold losses or sent early-warning signals.

By the end of September this year, the tradable shares held by qualified foreign institutional investors (QFIIs) increased 66.82 percent from the end of June.

Meanwhile the shares held by social security funds and securities companies have increased from 778 million, 2.376 billion in june to 1.013 billion and 2.55 billion.

Source: Xinhua