Nansha second in Guangzhou for above-scale industrial output

The industrial output value of companies above designated size in Guangzhou's Nansha district grew by 6.1 percent year-on-year in 2020, and its overall value ranked second in Guangzhou.

An industrial enterprise above designated size refers to one that has an annual operation revenue surpassing 20 million yuan ($3.09 million).

Industrial companies above designated size in Nansha maintained steady growth last year despite the impact of the COVID-19 pandemic, and several performance indicators were better than the national average level, such as the profit margin of operating income and the asset-liability ratio.

The total profit of Nansha's industrial companies above designated size increased by 11.9 percent year-on-year in 2020 to 25.54 billion yuan, of which 15.27 billion yuan was achieved by the automobile industry, accounting for around 59.8 percent of the overall number.

Domestic-fund companies in Nansha above designated size achieved an overall operation revenue of 4.63 billion yuan in 2020, while private companies have seen robust growth as their revenue climbed by 36.5 percent year-on-year to 1.13 billion yuan.

The asset-liability ratio of the aforementioned companies was 55 percent by the end of 2020, which was 1.1 percentage points lower than the national average level.