Hunan Construction Industry Total Output Value Surpasses 800 Bln CNY in 2017
The data released by the Hunan Provincial Bureau of Statistics on March 30, 2018 shows that, Hunan qualified construction companies completed a total construction value of more than 842 billion CNY in 2017, a year-on-year increase of 15.3%. This is the first time for the industry to realize a total output value of over 800 billion CNY.
As one of the pillar industries of Hunan Province, the construction industry continued to increase in volume last year, achieving an added value of over 228 billion CNY, accounting for 6.6% of the total provincial GDP. Its current price was 13.2% higher than last year and the constant price increased by 5.1%.
The construction industry has strengthened transformation and upgrading. As of the end of 2017, the provincial superb and first grade construction enterprises signed a contracted value of more than 1.3 trillion CNY, accounting for 73.6% of the total; and completed a construction industry total output value of over 504 billion CNY, accounting for 59.9% of the total. The proportion of contracted value signed by the second, third, and under general contracting construction companies decreased by 0.8% year on year.
High quality brings a superior performance. Last year, Hunan construction industry realized a main business revenue of more than 763 billion CNY, an increase of 12.1% year on year. The operating profit was over 24 billion CNY, an increase of 8.9% over last year.
Translator: Yu Jiangjiang
Chinese source: hn.chinanews.com