China's Electronic Information Manufacturing Industry Continued to Recover and Improve

According to data from the National Bureau of Statistics, China's electronic information manufacturing industry continued to recover from January to August this year, with export decline continuing to reduce, profit recovery accelerating, and investment stabilizing.

Production continues to recover and improve

From January to August, the increase of electronic information manufacturing industry increased by 0.9% year-on-year, an increase of 0.8 percentage points compared to January to July; The growth rate is 3% and 0.9% lower than that of industrial and high-tech manufacturing industries during the same period. In August, the increase of electronic information manufacturing industry increased by 5.8% year-on-year.

From January to August, among the main products, the production of mobile phones reached 935 million units, a year-on-year decrease of 0.9%. Among them, the production of smartphones reached 679 million units, a year-on-year decrease of 7.5%; the production of microcomputer equipment reached 220 million units, a year-on-year decrease of 21.7%; the production of ICs reached 221.4 billion pieces, a year-on-year decrease of 1.4%.

Export decline continues to reduce

From January to August, the export delivery value of electronic information manufacturing industry decreased by 8% year-on-year, a decrease of 0.3% compared to January to July, and a decrease of 3.4% deeper than the industrial decline during the same period. In August, the export delivery value of electronic information manufacturing industry decreased by 5.5% year-on-year.

According to customs statistics, from January to August, China exported 92.68 million laptops, a year-on-year decrease of 21.7%; export 478 million mobile phones, a year-on-year decrease of 10.9%; exporting 175.6 billion ICs, a year-on-year decrease of 6.2%.

Accelerated recovery of profits

From January to August, the electronic information manufacturing industry achieved a revenue of 9.21 trillion yuan, a year-on-year decrease of 3.5%, which is 0.3% reduce than the decrease from January to July; The operating cost is 8.06 trillion yuan, a year-on-year decrease of 3%; The total profit achieved was 354.7 billion yuan, a year-on-year decrease of 20.6%, which was 5.8% smaller than the decrease from January to July; The operating revenue profit margin is 3.9%, an increase of 0.4% from January to July.

Investment tends to stabilize

From January to August, fixed assets investment in electronic information manufacturing industry increased by 9.5% year on year, 0.7% higher than the growth rate of industrial investment in the same period, but 1.7% lower than the growth rate of high-tech manufacturing investment.