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Semiannual economic report: Jingzhou's industries operate steadily
Updated: 2019-08-15 10:03:08

Inthe first half of 2019, Jingzhou's industries operated steadily.

Inthe first half of 2019, Jingzhou's industrial added value above the designatedscale was up 9.1 percent year on year, 2.3 percent higher than that registeredin the same period of 2018, 3.1 percent above the country's growth rate and 0.2percent above the province's growth rate, ranking 11th in the province.Jingzhou's industrial power consumption was 3.713 billion kilowatt-hours, up5.2 percent year on year. Jingzhou's investment in technical renovation was up38.4 percent year on year, 11 percent higher than that registered in the same periodof 2018, ranking 4th in the province.

Inthe first half of 2019, most industries of Jingzhou achieved growth and 24 out of35 key industries maintained stable growth. The output value of theelectronics, electric power, special equipment, building materials and chemicalindustries surged by 58.1 percent, 43.6 percent, 24.7 percent, 17.9 percent and12.2 percent respectively.

Jingzhou'sindustrial enterprises achieved benefit growth: in the first half of 2019, Jingzhou'sindustrial enterprises achieved total profits and tax earnings of 9.05 billionyuan, up 19.8 percent year on year, including total profits of 5.85 billionyuan, up 12 percent year on year; due to substantial tax cuts, in the firsthalf of 2019, Jingzhou achieved total industrial tax earnings of 3.4 billionyuan and total industrial value added tax earnings of 1.908 billion yuan, down1.4 percent and up 6.6 percent year on year respectively, ranking 5th in theprovince.

Jingzhou'sindustrial structure was optimized and adjusted in acceleration; high-techmanufacturing and new industries became the key drivers of Jingzhou's industrialeconomic growth. In the first half of 2019, the added value of Jingzhou'shigh-tech industries was 15.381 billion yuan, up 9.6 percent year on year,ranking 7th in the province and 10th in terms of growth; the added value ofJingzhou's high-tech industries accounted for 16.4 percent of Jingzhou's GDP,4.7 percent higher than that registered in the same period of 2018.

Industrialcosts declined: in the first half of 2019, Jingzhou's industrial cost per hundredyuan of revenues was 85.27 yuan, down 0.83 yuan year on year. Loss-sufferingindustrial enterprises decreased: in the first half, 118 industrial enterprisessuffered losses, down 31 year on year; 10.2 percent of industrial enterprisessuffered losses, down 2.7 percent year on year; loss-suffering industrial enterprisessuffered total losses of 343 million yuan, down 16.1 percent year on year.


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