SPIC Industry-Finance (SHE:000958) posted first-half attributable net profit of 1.77 billion yuan, down 11% from 1.97 billion yuan the previous year.
Earnings per share rose to 0.1002 yuan from 0.1520 yuan, according to a Friday filing with the Shenzhen bourse.
Operating revenue declined 22% year over year to 4.83 billion yuan from 6.16 billion yuan.
Shares of the heat and electricity supply services declined 1% in recent trade.
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