(Yicai Global) Jan. 28 -- Profit growth among China's large industrial companies cooled last year, reflecting an overall slowdown in economic growth in the country, according to official data.

Profits at firms with annual sales in excess of CNY20 million (USD3 million) rose 10.3 percent to a total CNY6.63 trillion (USD984 billion) in 2018, the National Bureau of Statistics said today, braking from a 21 percent clip in the previous year.

Gross revenues fell 1.9 percent annually in December, which was the worst performance for any month last year.