From January to October, the main business income of Hunan’s industrial enterprises above designated size increased 8 percent year on year to 2.9 trillion yuan, 4.1 percentage points higher than the national average. The province’s main business income growth ranked sixth in China, according to latest data jointly released by the Hunan Economic and Information Technology Commission and the Statistics Bureau of Hunan Province on Dec. 5, 2016.
In the first ten months of 2016, 39 industrial categories realized profits to industrial enterprises above designated size. Among them, 27 registered year-on-year growth with profits. The automobile industry showed a profit at 4.324 billion yuan, an increase of 3.3 times, stimulating the provincial profit growth by 3 percentage points. The profit of nonmetal mineral products industry increased 19.3 percent to 10.799 billion yuan, boosting the provincial profit growth by 1.6 percentage points. The computer, communication, and other electronic equipment manufacturing industry realized a profit of 6.303 billion yuan, up by 36.5 percent and stimulating the provincial profit growth by 1.5 percentage points.
The stated-owned enterprises witnessed a sustained pick-up in profit. In terms of types of holding company, the profit of state-owned enterprises above designated size increased 15 percent year on year to 17.795 billion yuan, 9.5 percentage points higher than the gain seen during the January-September period. The profit of industrial enterprises above designated size in non-public economy increased 9.1 percent to 100.406 billion yuan, boosting the provincial profit growth of enterprises above designated size by 7.6 percentage points.
The profit growth of large-sized enterprises saw a rebound. In terms of enterprise scale, large–sized enterprises above designated size achieved a profit of 23.757 billion yuan, a year-on-year increase of 8.3 percent; medium-sized enterprises above designated size realized a profit of 33.471 billion yuan, up by 6.1 percent; small enterprises above designated size gained a profit of 63.115 billion yuan, up by 12.4 percent.
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Translator: Xiao Juan
Chinese source: hunan.gov.cn