Industry

Hunan has a complete range of industrial production, including tobacco, steel, electricity, chemicals, nonferrous metals, building materials, transportation equipment, agricultural and sideline processing, specialized equipment manufacturing and petroleum processing industry. There are 14 national development zones, one comprehensive bonded zone, 67 provincial development zones, and 29 industrial concentration districts. Ten advanced industrial clusters have been developed, including engineering machinery, electronic information and new materials, petrochemical engineering, automobile and its parts, and lead and zinc hard alloy processing.

Now the province boasts eleven 100-billion-yuan industrial sectors, including machinery, light industry, foodstuff (except tobacco), electronic information, petrochemicals, non-ferrous metals, metallurgy, building materials, electric power, medicine and Xiang dishes industry.

A group of industrial clusters supported by 100-billion-yuan industries have taking shape, including Changsha engineering machinery, Zhuzhou rail transit, and Yueyang petrochemicals.

Innovative development has been a new engine to boost economic growth. A relatively completed policy-support system and technology innovation system have been established. The research and development strength of industrial enterprises has taken the lead in central China. Many Hunan-developing technologies and products make worldwide influence, including Tianhe supercomputers, Beidou navigation satellite system, carbon composite materials, and Insulated Gate Bipolar Translator (IGBT). Technology-led emerging industries have become a new driving force for industrial development, such as high-performance independent controllable computer, industrial-level 3D printing, high-performance composite, advanced energy storage materials, and high-performance industrial robot.

In 2017, the added value of all industrial sectors totaled 1187.59 billion yuan, making an increase of 7% over last year. The added value of industrial enterprises above the designated size grew by 7.3%, with non-public businesses’ added value increasing by 7.7%, accounting for 76.2% of the total. The added value of high processing industry and hi-tech manufacturing rose by 12.2% and 15.9%, accounting for 38% and 11.3% of that of the industrial enterprises above designated size. The added value of equipment manufacturing industry above designated size was up 14.2%, accounting for 29.8% of the total. And, that of the provincial-and-above industrial parks increased by 10.3%, accounting for 69.7% of that of the industrial enterprises above designated size, up 4 percent over the same period last year. The added value of six high energy-consuming industries grew by 1.8%, accounting for 30.3% of the industrial enterprises above designated size which was 0.3 percent lower than last year. Regionally, the Changsha-Zhuzhou-Xiangtan (CZT) city cluster area made a 8.1% increase in added value, with southern Hunan increasing by 7.2%, western part increased by 7.5%, and the Dongting Lake area up 6.5%.

58.3% products of enterprises above designated size made higher output. The output of rice was 14.875 million tons, up by 9.8%; fodder increased by 5.2% to 17.171 million tons; crude processing volume hit 7.692 million tons, a decline of 8.5%; cement and steel output totaled 119.204 million and 22.102 million tons, growing by 0.6% and 13.8% respectively; and ten non-ferrous metals output decreased by 5.3% to 2.058 million tons. 44,000 concrete machineries were manufactured, an 8.7% growth over last year. 671000 cars were produced, decreasing by 5.5%. The electric energy production reached 134.92 billion kilowatt hours, up 4.4% over the last year. 

The profit of industrial enterprises above designated size totaled 193.09 billion yuan, an increase of 24.3%. The state-owned enterprises made a total profit of 12.15 billion yuan, up by 12.6%; collectively-owned enterprises made 740 million yuan, down by 6.4%; stock cooperative enterprises 140 million yuan, down by 10.5%; joint-equity enterprises 154.9 billion yuan, up 27.7%; foreign-funded and Hong Kong, Macau, and Taiwan-investing enterprises made a gross profit of 17.44 billion yuan, up by 25.2%; and, other domestic enterprises gained profit of 7.72 billion yuan, decreasing by 8.4%. Top five profitable industrial sectors were: non-metallic minerals product, gaining a profit of 17.2 billion yuan, up by 20.9%; chemical raw materials and chemical products, with a profit of 16.21 billion yuan, up by 34%; agricultural and sideline food processing, a profit of 15.09 billion yuan, increasing by 16.7%; the special equipment manufacturing, a profit of 14.41 billion yuan, growing by 196%; and, the tobacco processing, a profit of 9.67 billion yuan, up by 7%; and, computer, communication, and other electronic equipment manufacturing made a profit of 9.0 billion yuan, up by 20.3%. The cost of the main business income per 100 yuan of industrial enterprises above designated size was 83.67 yuan, a decrease of 0.38 yuan. At the end of the year, the asset-liability ratio of industrial enterprises above designated size was 49.75%, down by 2.04 percentage points. 

In 2017, the added value of all industrial sectors totaled 1187.59 billion yuan, making an increase of 7% over last year. The added value of industrial enterprises above the designated size grew by 7.3%, with non-public businesses’ added value increasing by 7.7%, accounting for 76.2% of the total. The added value of high processing industry and hi-tech manufacturing rose by 12.2% and 15.9%, accounting for 38% and 11.3% of that of the industrial enterprises above designated size. The added value of equipment manufacturing industry above designated size was up 14.2%, accounting for 29.8% of the total. And, that of the provincial-and-above industrial parks increased by 10.3%, accounting for 69.7% of that of the industrial enterprises above designated size, up 4 percent over the same period last year. The added value of six high energy-consuming industries grew by 1.8%, accounting for 30.3% of the industrial enterprises above designated size which was 0.3 percent lower than last year. Regionally, the Changsha-Zhuzhou-Xiangtan (CZT) city cluster area made a 8.1% increase in added value, with southern Hunan increasing by 7.2%, western part increased by 7.5%, and the Dongting Lake area up 6.5%.

Figure 1: Total industrial Value and the Growth Rates, 2012-2017

58.3% products of enterprises above designated size made higher output. The output of rice was 14.875 million tons, up by 9.8%; fodder increased by 5.2% to 17.171 million tons; crude processing volume hit 7.692 million tons, a decline of 8.5%; cement and steel output totaled 119.204 million and 22.102 million tons, growing by 0.6% and 13.8% respectively; and ten non-ferrous metals output decreased by 5.3% to 2.058 million tons. 44,000 concrete machineries were manufactured, an 8.7% growth over last year. 671000 cars were produced, decreasing by 5.5%. The electric energy production reached 134.92 billion kilowatt hours, up 4.4% over the last year.

Table 1: Output of Major Products of Industries Above the Designated Scale and the Growth Rates in 2017 

The profit of industrial enterprises above designated size totaled 193.09 billion yuan, an increase of 24.3%. The state-owned enterprises made a total profit of 12.15 billion yuan, up by 12.6%; collectively-owned enterprises made 740 million yuan, down by 6.4%; stock cooperative enterprises 140 million yuan, down by 10.5%; joint-equity enterprises 154.9 billion yuan, up 27.7%; foreign-funded and Hong Kong, Macau, and Taiwan-investing enterprises made a gross profit of 17.44 billion yuan, up by 25.2%; and, other domestic enterprises gained profit of 7.72 billion yuan, decreasing by 8.4%. Top five profitable industrial sectors were: non-metallic minerals product, gaining a profit of 17.2 billion yuan, up by 20.9%; chemical raw materials and chemical products, with a profit of 16.21 billion yuan, up by 34%; agricultural and sideline food processing, a profit of 15.09 billion yuan, increasing by 16.7%; the special equipment manufacturing, a profit of 14.41 billion yuan, growing by 196%; and, the tobacco processing, a profit of 9.67 billion yuan, up by 7%; and, computer, communication, and other electronic equipment manufacturing made a profit of 9.0 billion yuan, up by 20.3%. The cost of the main business income per 100 yuan of industrial enterprises above designated size was 83.67 yuan, a decrease of 0.38 yuan. At the end of the year, the asset-liability ratio of industrial enterprises above designated size was 49.75%, down by 2.04 percentage points.

The added value of construction industry was 228.27 billion yuan, making an increase of 5.1% over the last year. The profits made by construction enterprises qualified for general contracts and specialized contracts reached 25.21 billion yuan, growing by 9.3%. The housing construction areas totaled 546.039 million square meters, a rise of 8.5%, while the area of completed construction reached 198.403 million square meters, rising by 6.5%.

Figure 2: Added Value of Contruction Industry and Growth Rates, 2012-2017

Source: hunan.gov.cn; hntj.gov.cn

Updated on April 15, 2018