Among the 40 industries in Yichang City, the output value of 33 sectors maintained growth, among which 11 sectors registered the growth over 15% in the first quarter of this year.
"Despite the city is facing greater downward pressure on economy and other difficulties as well as challenges currently, industries in Yichang keep on improving the quality by competition, upgrading industrial structures and attaching importance to the substantial results, and achieving a smooth and steady development.", according to the official in Yichang Municipal Commission of Economy and Information Technology.
In the new normal, Yichang’s industries encountered some problems that affect development, such as the funding bottlenecks, low capacity utilization in some industries, slowdown development of urban industries and so on. However, the city has determined to tackle tough problems, to seek new improvements and achievements. Therefore the overall industrial performance is still remarkable in Yichang.
Firstly, Yichang’s industries registered a high economic growth, and the economic growth ranks in the forefront of the whole province. More than 1438 industrial enterprises have gained the output value of ¥134.437 billion, with a year-on-year growth increase of 11.0% and the industrial added value growing by 11.3%. The growth rate is 2.9% higher than that of the whole province, and 4.9% higher than that of the whole country. Secondly, Yichang’s industries enjoy a good linkage between production and sales. The sales rate of industrial products reaches 96.85%, with a slight year-on-year increase. Among 50 key industrial products, 31 products yield. Thirdly, the efficiency utilization of industrial electricity has been quickly improved. The output value of industrial electricity reaches ¥34.7, ¥5.4 higher than the same period in the last year. Fourth, the construction of projects has been carried out steadily. ¥6.85 billion has been invested into the industrial projects, accounting for 24.3% of the annual plan. By the end of March, among 184 industrial projects with the investment of over 100 million, 28 of them have been basically completed or been put into operation. And 126 have been under construction, while 30 have been in the preparation stage. In addition, entity economy becomes more dynamic, and the output value of direct reporting units is higher than the average level of the whole city. The performances of market players are remarkable and the economic growth in key enterprises increases rapidly.
The four pillar industries in Yichang include fine chemicals, food and bio-medicine, advanced equipment manufacturing and new materials industry. The total industrial output value of these industries amounts to ¥110.205 billion, accounting for 81.98% of the whole city with a year-on-year increase of 12.6% before March. These four industries gave a full play to the role of the industrial support.
Since the year of 2015, the State canceled the window period to limit fertilizer exports, and implement a uniform tariff policy throughout the year. Since the Ministry of Finance, State Administration of Taxation raised the export tax rebate rate, the export of DAP rose sharply over the last year with a total export of 337,000 tons. The entire fine chemical industry output value in Yichang reaches ¥43.428 billion, up 9.9% in a quarter.
The output value of pharmaceutical manufacturing and major pharmaceutical companies maintained double-digit growth, among which the Yangtze River Pharmaceutical growing by 16.2%, the East Sunshine Pharmaceutical Co., Ltd by 13.2%, Yichang Human-well Pharmaceutical Co., Ltd by 12.9%. The industrial output value of food and biomedical industry reaches ¥46.064 billion, with an increase of 17.5%. The total amount and growth rate rank first in the eight industries in the first quarter.
The world\'s thinnest glass manufactured by the CSG Polysilicon Co., Ltd, and Guangzhou Automobile GX3 SUV has been entered into the domestic market on January 20 officially. The output value of Yichang advanced equipment manufacturing industries reaches ¥19.86 billion, with a year-on-year increase of 9.2% in the first quarter. Other sub-sectors, including computers, communications and other electronic equipment manufacturing, instrumentation manufacturing, fabricated metal products grew, general equipment manufacturing gained faster growth. Key enterprises, such as CSG Displays, Gezhouba Mechanical Shipbuilding Co., Ltd, Xinghangyu Company, Yanshi Technology, Zhijiang Jiangrui Shipping Company, and Ocell Technology also retained faster growth.
Yichang CSG Polysilicon Co., Ltd not only has doubled the output, but also improved the quality of products up to the national standard of electronic grade level through the introduction of advanced production technology and reduction furnace cold hydrogenation process, which has significantly increased market competitiveness. The total amount of chemical caprolactam manufactured by Sanning Co., Ltd reached 33,000 tons, up 17.9% in the first quarter. The new-type thin expanded graphite paper orders have been fully saturated, and the output value grew 12.1%. The total industrial output value of new materials industry reached ¥16.199 billion, with a year-on-year increase of 8.3% in the first quarter. (By Zhang Liang )