Abstract
In recent years, with the deepening of economic system reform, private enterprises have become an important force to promote the rapid development of Hubei economy. This article based on the research of 56 Hubei private enterprises listed in A-Share market, finding that the listed private enterprises in Hubei concentrate in developed areas, and most of them are labor-intensive enterprises. The overall scale of these enterprises is growing rapidly, but the profitability needs to be improved. The tax burden is not significantly reduced, and many factors restrict the tax reduction policy; the overall financial situation is poor, and there are large differences among industries. Therefore, enterprises should speed up the upgrading and transformation to improve their market competitiveness. The government should carefully study and formulate incentive and support policies suitable for different enterprises and industries, accelerate the development of listed private enterprises in Hubei Province, and at the same time continue to improve the tax system reform and optimize tax behavior, so as to further reduce the tax burden of private enterprises.
Highlights
In recent years, with the deepening of economic system reform, private enterprises have become an important force to promote the rapid development of Hubei economy
In terms of industries, compared with 2016, the net profit growth rate of water conservancy, environment and public facilities management enterprises of Hubei listed private enterprises in 2017 was 49.96 times higher than that in transportation, storage and postal industry, which ranked the second in growth rate, indicating that the development ability of water conservancy, environment and public facilities management enterprises in 2017 was significantly improved compared with that in 2016; in three years, water conservancy, environment and public facilities management industry had a significant improvement compared with other industries, the growth rate of net profit of manufacturing, construction and finance enterprises has continued to decline for three consecutive years, and the development ability is poor
Hubei Listed Private Enterprises Are Concentrated in Developed Areas, and Most of Them Are Labor-intensive Enterprises
Summary
Since the Reform and Opening up Policy, China's private economy has gradually occupied a more and more important position in the development of national economy, so it has been paid increasing attention by scholars. Through the research of data synthesis processing, finding three sub categories of KSIC suitable for small and medium-sized enterprises: printed circuit board manufacturing industry, engine parts manufacturing industry and vehicle parts manufacturing industry, which indicate that the annual sales value, CR3, HHI and gagr are the useful factors to find the suitable SMEs. Kexin Wang: The Empirical Study on the Development of Listed Private Enterprises in Hubei Province [15] Generally, the existing literature mostly think that private enterprises have become an important force to promote economic development, but there is little comprehensive analysis on the overall data of the current private enterprises, especially the development of Hubei private enterprises or manufacturing industry, which is impossible to accurately analyze and judge the actual development status of individual and industry of private enterprises from the data, or according to the characteristics of different private enterprises and industries to provide corresponding policy suggestions and data support. Through the comprehensive analysis of the development status, advantages and disadvantages of Hubei listed private enterprises, this paper analyzes the development characteristics, the areas to be encouraged and the bottlenecks of Hubei listed private enterprises and even the whole Hubei private enterprises, so as to provide scientific data support for policies supporting the development of different industries for relevant departments
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