Added value of Hubei’s industrial enterprises above designated size sees robust growth in Jan.- May

In the first five months of this year, the added value of Hubeis industrial enterprises above designated size surged by 45.9 percent year on year, 28.1 percentage points higher than the national level and a 7.7-percent growth compared with the year of 2019, the Department of Economy and Information Technology of Hubei Province reported on June 27.

Out of the total, the added value of high-tech manufacturing industry jumped by 62.9 percent, which was 17 percentage points and 39.1 percentage points higher than that of the industrial enterprises above designated size in the province and nationwide, respectively.

36 major projects sorted out by the department have been put into operation in the province this yeargenerating total output value of 240.1 billion yuan, an increase of 63 percent. The new output value reached 92.8 billion yuan, accounting for 72 percent of the annual target progress.

Meanwhile, the industrial enterprises in the province have made a remarkable rebound in benefits. In Jan.-Apr. period this year, the industrial enterprises above designated size in the province gained business income of 1.40791 trillion yuan, an upsurge of 64.7 percent year on year, along with a total profit of 92.75 billion yuan, an increase of 202.6 percent.

Leave Comment

Your email address will not be published. Required fields are marked *