Dandong has had a good opening in this year's industrial economy, featuring good performances of scaled enterprises in the first quarter, according to the city’s industrial economic operation situation analysis meeting on April 28. In the first three months, the city's scaled enterprises had created 6.98 billion yuan in industrial added values, up 15.9 percent year on year. It was 0.5 percentage points higher than the provincial average growth rate. The main business incomes amounted to 29.2 billion yuan, up 43 percent year on year. It paid 995 million yuan in taxes, up 28.3 percent year on year. The profits reached 1.09 billion yuan, up 44.6 percent year on year.

The leading industry realized steady growth, due to enormous support of the municipal government to boost the city's economic aggregate.

This year, the auto market will meet greater uncertainties. Liaoning Shuguang Group has firmly seized market situations, and adjusted production plans. In 2011, the group plans to produce and sell 51,000 vehicles, up 21.4 percent over the same period of last year. It will produce 800,000 sets of axles, up 17.6 percent year on year. It will have 13 billion yuan sales revenue, up 16 percent. In the first quarter, the group had produced 599 vehicles, up 8.1 percent year on year.

In the first quarter, Dandong made steady growth in the four major industries, represented by the equipment manufacturing sector. The four industries had substantially increased their shares in the city's scaled enterprises. They had 26.3 billion yuan from their leading businesses, up 45.3 percent year on year. They accounted for 90 percent of those of scaled enterprises. It was 3.6 percentage points higher than the same period of last year, and it pulled up the city's industrial growth by 40 percentage points. In the four major industries, the equipment manufacturing industry had 9.12 billion yuan in main business income, up 33.1 percent year on year. They accounted for 31.2 percent of those of scaled enterprises, maintaining the leading role in the city's industries. The farm produce processing industry realized 6.8 billion yuan in main business income, up 60.3 percent year on year. It was 17.3 percentage points higher than the city's average. The minerals resources mining and deep processing industry completed 8.64 billion yuan, up 50.9 percent year on year. It was 7.9 percentage points higher than the city’s average, and 500 million yuan less than the aggregate of the equipment manufacturing industry. The textile and garment manufacturing industry finished 1.74 billion yuan, up 36.3 percent year on year.

In the first quarter, Dandong consumed 1.58 billion kWh electric power, up 17 percent year on year. It was 6.2 percentage points higher than the provincial average growth. It was the third largest in the growth rate in the province. Among them, industrial power consumption reached 1.05 billion kWh, up 20.5 percent. It was 9.5 percentage points higher than the provincial average growth, the third largest in the province. Since the beginning of this year, Dandong has been among the top three in the province in industrial power consumption growth. The increased power consumption testifies the city's rapid industrial economy growth.

The stainless steel industrial park, located in the new town area of Dandong, is shining brightly as spring days. To date, construction is accelerated for five industrial processing projects in the industrial park. When they are completed, the five industrial processing projects will be able to consume 200,000 tons cold-rolled sheets with an annual output of 2 billion yuan. Meanwhile, China's Top 100 Industrial Enterprises, such as Canny Elevator and Chint Electrics, are settling in the industrial park. In only three years, the new town has accommodated to a list of specialized industrial parks, for the production of instruments and meters, watches, software and stainless steel. It has attracted a large amount of enterprises outside, with a total investment of 30 billion yuan. They have created favorable conditions to boost the upstream and downstream industrial chains and cultivate concentrated production bases.

With the inauguration of the Benxi Steel 200,000-ton stainless steel cold-rolled sheet project and the introduction of the US Haman International Dandong manufacturing base, Dandong has made a substantial progress in cooperation with state-owned enterprises and world Top 500 industrial enterprises.

According to the results of the National Bureau of Statistics Dandong survey team, Dandong had 116.2 in industrial enterprise labor index in the first quarter, 15.7 percentage points higher than the same period of last year, and 11.9 percentage points higher than the fourth quarter of last year. It has stepped into the relative prosperity period. Bigger labor demands from enterprises show the industrial enterprises are on the rise in production.

In the first quarter, the top 100 key enterprises of Dandong had 10.43 billion yuan main business incomes, up 52.5 percent year on year. It was 9.5 percentage points higher than the city's average. They accounted for 40.8 percent of the city’s scaled enterprises, 8.1 percentage points higher than the end of last year. The 181 enterprises, with more than 100 million yuan business incomes respectively, realized 16.9 billion yuan in main business incomes, up 47.7 percent year on year. They were 4.7 percentage points higher than the city’s average. The key enterprises are playing obviously greater role in the local industrial economic growth.

In the first quarter, Dandong stimulated industrial economic growth rates in step with benefits. The scaled enterprises in the city reaped 1.09 billion yuan in profits, up 44.6 percent year on year. They contributed 2.09 billion yuan in taxes, up 36.3 percent. There were 39 enterprises in deficit, down 9.3 percent year on year. Their losses stood at 56 million yuan, down 54.8 percent year on year.

This year, Dandong has set up an objective for its industrial economic growth. The city's scaled enterprises will increase industrial added values by 23 percent over the previous year. The main business incomes will rise by 35 percent, and tax payment will grow by 22 percent. It is expected that in the first half of this year, the city will have 13.2 billion yuan in industrial added values, up 20 percent year on year; 58 billion yuan in main business incomes, up 38 percent; 2 billion yuan in taxes, up 25 percent; and 2.1 billion yuan in profits, up 30 percent.