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15 July 2015

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Hunan’s Industrial Profit Rises in First 2 Months

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The Hunan Statistics Bureau announced on April 2 that, the profits of Hunan’s industrial companies over designated size bucked the trend and rose in January and February. The total profit reached over 25.6 billion CNY, increasing by 9.7% which ranked fifth nationwide, and 17 places higher than the annual ranking of last year.

Thirty-nine industrial sectors made profit. Those produced the highest profit and fastest growth were special equipment manufacturing, electric and heating power generation and supply, and tobacco industries, with respective contribution to Hunan’s industrial profit growth being 6.2, 2.7, and 2.5 percentage points.

In the first two months, large enterprises showed a higher profitability than the smaller ones, with a total profit growing by 31.5%, higher than the average. Small companies saw an increase of 5.8%, while the medium-sized ones declined.

As the business environment improved, non-public sectors grew soundly. In January and February, the total profit of Hunan’s non-public sector companies increased by 13.6% over last year, contributing 9.5 percentage points to Hunan’s total profit growth.

This article is from Hunan Provincial Government. www.bxmro.tw.

Translator: Pang Yuehui

Chinese source: hunan.gov.cn

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