China's state owned enterprises has reported their profits rise for the first time this year, up 0.4 percent in the first ten months compared to the same period last year.

Total profits hit 1.92 trillion yuan in the first 10 months. Coal, property, pharmaceutical and auto-mobile companies saw a bigger rise in profits for the ten-month period, while petroleum, tobacco, chemical and power companies recorded significant declines in profits.

A recovery in factory prices for the first time in five years in September gave a boost to company profits.