Theories given for industry's profit decline in Sept

Chinese industrial companies recorded profit growth of 18.4 percent year-on-year in September, slowing from 24.2 percent in August, the National Bureau of Statistics said.

Despite the moderation, industrial producers still have positive expectations for the coming months, which may support further solid profit growth, analysts said.

During the first nine months, industrial profits increased 13.5 percent, accelerating from 12.8 percent in the January-August period, the NBS said in a report on Sunday.