As exports rebounded and domestic sales increased, the investment in China's electronic information industry grew strongly in the first quarter. The investment in projects with more than 5 million yuan was 144 billion yuan, an increase of 82.4%, which was 53.6 percentage points higher than the same period of last year.
According to the data released by the Ministry of Industry and Information Technology on the 26th, various industries in the electronic information industry have maintained growth. The information and electromechanical industry grew by 130.6%, with an investment of 31.37 billion yuan, an increase of 86.2% in electronic devices, and an increase of 79.8% in electronic components. These three industries accounted for over 60% of the entire industry. Optoelectronic devices and new energy batteries are the two largest areas of investment, with investment scales exceeding RMB 20 billion, an increase of over 100%.
In addition to the Yangtze River Delta and the Pearl River Delta, Jiangxi, Hunan, Anhui, Hubei, and Henan are becoming new growth poles in terms of sales value and export delivery value.
According to the analysis, the main reason for the surge in investment in the electronic information industry is the market recovery. During the financial crisis, China’s electronic information industry experienced a severe decline in exports. In the first quarter of this year, exports of electronic information industry increased by 20.4% year-on-year, accounting for 35.8% of the country's total export volume. Domestic demand increased by 34%, and its contribution to industry growth was 59%.
In the first two months, the main business income of electronic information manufacturing industry above designated size achieved 984.7 billion yuan, an increase of 24.6% year-on-year; profit was 32.5 billion yuan, an increase of 42.2% year-on-year.
The Ministry of Industry and Information Technology also pointed out that in the first quarter, companies in the electronic information industry still faced large losses, with 3,907 loss-making enterprises in the first two months, 26.7% in losses, and losses in loss-making enterprises increased by 49.4%. In addition, the main business cost increased by 24% in the first quarter, and the industry is facing more uncertainties.
According to the data released by the Ministry of Industry and Information Technology on the 26th, various industries in the electronic information industry have maintained growth. The information and electromechanical industry grew by 130.6%, with an investment of 31.37 billion yuan, an increase of 86.2% in electronic devices, and an increase of 79.8% in electronic components. These three industries accounted for over 60% of the entire industry. Optoelectronic devices and new energy batteries are the two largest areas of investment, with investment scales exceeding RMB 20 billion, an increase of over 100%.
In addition to the Yangtze River Delta and the Pearl River Delta, Jiangxi, Hunan, Anhui, Hubei, and Henan are becoming new growth poles in terms of sales value and export delivery value.
According to the analysis, the main reason for the surge in investment in the electronic information industry is the market recovery. During the financial crisis, China’s electronic information industry experienced a severe decline in exports. In the first quarter of this year, exports of electronic information industry increased by 20.4% year-on-year, accounting for 35.8% of the country's total export volume. Domestic demand increased by 34%, and its contribution to industry growth was 59%.
In the first two months, the main business income of electronic information manufacturing industry above designated size achieved 984.7 billion yuan, an increase of 24.6% year-on-year; profit was 32.5 billion yuan, an increase of 42.2% year-on-year.
The Ministry of Industry and Information Technology also pointed out that in the first quarter, companies in the electronic information industry still faced large losses, with 3,907 loss-making enterprises in the first two months, 26.7% in losses, and losses in loss-making enterprises increased by 49.4%. In addition, the main business cost increased by 24% in the first quarter, and the industry is facing more uncertainties.
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