Industry

In 2025, the value added of industrial enterprises above designated size increased by 6.2 percent over the previous year. Among them, the value added of private enterprises grew by 6.6 percent, accounting for 64.5 percent of the total value added of industrial enterprises above designated size. The value added of high-tech manufacturing industry increased by 11.2 percent, contributing 14.2 percent to the total, while that of equipment manufacturing industry rose by 8.6 percent, accounting for 33.9 percent of the total. The industrial value added of industrial parks at the provincial level and above grew by 8.0 percent, accounting for 77.2 percent of the total. The value added of the six high energy-consuming industries increased by 5.8 percent, contributing 29.5 percent of the total. By region, the value added of industries above designated size increased by 7.7 percent in the Changsha-Zhuzhou-Xiangtan area, 7.1 percent in southern Hunan, and 5.5 percent in the Dongting Lake area, while it decreased by 1.2 percent in western Hunan.

In 2025, the total profits made by industrial enterprises above designated size amounted to 202.14 billion CNY, down by 2.4 percent over the previous year. By ownership type, state-controlled enterprises realized a total profit of 51.03 billion CNY, up 0.7 percent; collectively controlled enterprises earned 3.34 billion CNY, up by 14.8 percent; privately controlled enterprises made 132.30 billion CNY, down by 4.9 percent; and enterprises funded by foreign investors and investors from Hong Kong, Macao, and Taiwan generated 15.08 billion CNY, up by 5.4 percent. Among the top industries in terms of total profits, the tobacco products industry recorded profits of 17.05 billion CNY, up by 2.3 percent; the computer, communication, and other electronic equipment manufacturing industry earned 15.96 billion CNY, down by 10.7 percent; the chemical raw materials and chemical products manufacturing earned 15.95 billion CNY, up by 1.9 percent; the general equipment manufacturing industry earned 13.63 billion CNY, up by 32.2 percent; the non-ferrous metal smelting and rolling processing industry earned 12.65 billion CNY, up by 66.0 percent; and the production and supply of electric power, heat, gas and water earned 12.65 billion CNY, down by 1.1 percent. The cost for per-hundred-CNY operating revenue of the industrial enterprises above designated size was 83.2 CNY, with a profit margin of 4.85 percent. By the end of 2025, the asset-liability ratio of industrial enterprises above designated size stood at 54.3 percent.

Over the past five years, Hunan's industrial competitiveness has made a new leap forward. Five national-level advanced manufacturing clusters have been formed, namely, construction machinery, rail transit equipment, new-generation independent secure computing system, medium and small aircraft engines, and UHV power transmission and transformation equipment, ranking fifth nationwide and topping the central and western regions of China.

 
As of October 2025, Hunan has added one industrial enterprise whose annual revenue reaching 100 billion CNY, bringing the total number to four. Meanwhile, 24 enterprises achieved annual operating revenue exceeding 10 billion CNY, increasing the total to 53. There are more than 20,000 enterprises above the designated size, while small and medium-sized enterprises (SMEs) showing continuously enhanced vitality and competitiveness.

 
Five emerging clusters—advanced energy materials, advanced hard materials, new-energy vehicles, modern petrochemicals, and biomedicine—demonstrate strong momentum of growth. Additionally, 15 national-level and 40 provincial-level characteristic clusters for SMEs have been cultivated across the province, including Shaodong's lighter industry, Heshan District's aluminum electrolytic capacitors, Qiyang's functional fabrics, and Shuangfeng's agricultural machinery. These clusters have been injecting robust momentum into the high-quality development of the county economy.

 
In terms of the BeiDou industry, Hunan has three cities designated as pilot cities for China's large-scale application of the BeiDou Navigation Satellite System. The output value of Hunan's BeiDou industry has grown at an average annual rate of 26.8% over the past three years, and is expected to exceed 80 billion CNY this year. Over 906,000 sets of various BeiDou terminals have been promoted around the province, forming a complete industrial chain that spans from component R&D, end-products, and scenario-based applications. 

 
During the 14th Five-Year Plan period, an array of "first and pioneering" achievements emerged in Hunan successively. The province took the national lead in rolling out incentive policies for "Five first" products (the first set of major technical equipment, the first batch of new materials, the first edition of high-end software, the first run of engineering tape-out chips, and first set of foundational electronic components). A total of 891 innovative products were recognized and rewarded, and several types of advanced equipment for the country were developed. Based on an open competition mechanism for manufacturing, Hunan has initiated projects to rebuild industrial foundations and tackle key challenges in major technologies and equipment, resulting in 1,768 technical breakthroughs.

 
Adhering to high-end, intelligent, and green development, Hunan's high-tech manufacturing and equipment manufacturing sectors have achieved value-added output growth at average annual rates of 13.9% and 10.2% respectively, with their shares in the total value-added output of large-sized industrial enterprises rising to 14.1% and 32.3%. The production of new energy vehicles surged from 52,000 units in 2020 to 771,000 units in 2024, recording a 13.8-fold increase. From January to August this year, 645,000 new energy vehicles were produced, ranking seventh nationwide.

 
Meanwhile, Hunan has implemented an "Empowering Enterprises with Intelligence" Campaign, vigorously promoting small, rapid, lightweight, and precise digital technology products and solutions. Five cities in the province have been selected as national pilot cities for the digital transformation for SMEs, 17 factories have been cultivated as national top-tier smart factories, and 907,000 enterprises have applied cloud platforms for their operations. Furthermore, the province has comprehensively enhanced green manufacturing and efficient resource utilization. Over the past five years, Hunan has added 196 national-level green factories, 20 green industrial parks, and 24 green supply chain management enterprises.