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15 July 2015

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Main Business Income Growth Rate of Hunan’s Industrial Enterprises above Designated Size Ranks 10th Nationwide in 2016

2017-02-07 Download Print

In 2016, the main business income of Hunan’s industrial enterprises above designated size increased 7.6 percent year on year to 3.76 trillion yuan, 2.7 percentage points higher than the national average. Its growth rate ranked tenth in China, and the profit totaled 162 billion yuan after breaking even, up by 4.5% and 4.2 percentage points higher than 2015.The cost per 100 main business income was 84.44 yuan, down 0.1 yuan year on year and 1.08 yuan lower than the national average. The profit margin of main business income was 4.30%, and product sales rate 98.30%, 0.1 percentage points higher over the same period last year.

All the industrial enterprises above designated size of 39 categories realized profits in 2016, 21 of which saw year-on-year profits growth.

The stated-owned enterprises witnessed a sustained pick-up in profit, which increased 21.2 percent year on year to 23.3 billion yuan, 4.3 percentage points higher than the gain seen during the January-November period.

Large, medium, and small-sized enterprises all achieved sound profit growth in 2016. Of which, large-sized ones realized a profit of 31.4 billion yuan, a year-on-year increase of 6.3%; medium-sized gained a profit of 45.6 billion yuan, up by 2.6%; and small ones 84.4 billion yuan, up by 5.0%.

Sound marketability was realized in industrial enterprises above designated size. The marketability rates of various economic types of enterprises maintained at a high level of more than 98%, of which sales of state-owned enterprises was as much as 100.08%.

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Translator: Yu Jiangjiang

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