Profits at Chinese state-owned firms shrank 4.4% year-on-year in January-November to 3.86 trillion yuan ($555.32 billion), according to data from the Finance Ministry on Friday.

The decline was faster than the 3.3% fall in the first 10 months of the year. ($1 = 6.9510 Chinese yuan renminbi) (Reporting by Ellen Zhang and Ryan Woo)