Hunan promotes the development of manufacturing industry toward the medium-high end, and such good momentum will be kept. Statistics showed that in the first quarter of this year, Hunan’s industrial added value in the high-tech manufacturing sector increased by 30.6%, which was 13.7 percentage points higher than the provincial industries above designated size. Its added value accounted for 11% of the large-scale industries, an increase of 0.7 percentage points year on year.

The “2021 World T50 Construction Machinery Manufacturers” list was announced recently. Four Hunan enterprises, Sany Group, Zoomlion Heavy Industry Science & Technology Co., Ltd., China Railway Construction Corporation Limited, and Sunward Intelligent Equipment Co., Ltd., made the list again. Hunan strives to promote the transformation from “manufacturing” to “intelligent manufacturing”. Traditional advantageous industries such as construction machinery and rail transit equipment have accelerated the pace of digitalization, networking, and intelligence. Their overall strength and market competitiveness have been continuously improved. SINOBOOM, a “rookie” of Hunan construction machinery, has bettered the record on the “new heights” of localized boom aerial work platforms. Its products are best sellers in Europe, North America, Southeast Asia, and other markets, and its exports in the first quarter increased by more than 70%.

The enterprises have insisted on innovation to stimulate endogenous motivation. On April 22, the Kunpeng all-in-one computer released by Xiangjiang Kunpeng and Transwarp Technology realized the localization of “chip + server + operating system + database”. Correspondingly, in the first quarter, Hunan's high-tech products such as complete electronic computers, integrated circuits, industrial robots, and lithium-ion batteries achieved substantial growth. The added value of provincial high-tech industries grew by 28.8%, and the two-year average growth rate was 12.5%.

The industrial parks exerted their industrial agglomeration effects. In the first quarter, the industrial added value of industrial parks above designated size in Hunan accounted for 64.1% of the total, up 1.2 percentage points yearly. Industrial technological transformation has been intensified. In the first quarter, Hunan’s industrial technological transformation investment increased by 61.3%, ranking 8th nationwide and 3rd in central China. The growth rate was 28% higher than the national average. The layout has been optimized and the structure adjusted to speed up the replacement of old growth drivers with new ones. In the first quarter, the added value of the six large-scale industries with high energy consumption accounted for 27.5% of the provincial large-scale industries, a decrease of 1.1 percentage points.

The transform and upgrading of industry above designated size gears and speeds up, and the quality and efficiency have been steadily improved. In January and February, the operating revenue of Hunan’s industry above designated size reached 513.659 billion yuan, increasing by 27.9%. There were 115 new large-scale industrial enterprises, 58 more than the same period last year. All the 39 major industrial categories achieved profitability, and their total profits surged by 74.7%. Costs and expenses in operating income per hundred yuan decreased by 0.4 yuan and 0.23 yuan respectively. The loss of large-scale enterprises in Hunan province is the smallest in China.

This article is from Hunan Provincial Government www.enghunan.gov.cn.

Translator: Yu Jiangjiang

Chinese source: hunan.gov.cn