Ministry of Industry and Information Technology: The added value of large-scale electronic information manufacturing industry increased by 13.4% year-on-year from January to July.

In August 30, the Ministry of Industry and Information Technology released the operation of the electronic information manufacturing industry from January to July 2024. From January to July, China's electronic information manufacturing industry saw rapid production growth, continued export recovery, steady improvement in efficiency, and maintained high-speed investment, with the overall industry development trend being good. From January to July, the value added of electronic information manufacturing industry above a certain scale increased by 13.4% year-on-year, with the growth rate being 7.5 and 4.5 percentage points higher than the industrial and high-tech manufacturing sectors during the same period. In July, the value added of electronic information manufacturing industry above a certain scale increased by 14.3% year-on-year. From January to July, the production of major products included 8.78 billion mobile phones, a year-on-year increase of 9%, with 6.54 billion smartphones, a year-on-year increase of 10.6%; 186 million microcomputing devices, a year-on-year increase of 2.7%; and 244.5 billion integrated circuits, a year-on-year increase of 29.3%. Secondly, exports continued to rise. From January to July, the cumulative export delivery value of the electronic information manufacturing industry above a certain scale increased by 0.6% year-on-year, an increase of 0.2 percentage points compared to January to June. In July, the value of export deliveries of electronic information manufacturing industry above a certain scale increased by 2.5% year-on-year. In terms of profit, from January to July, the operating income of electronic information manufacturing industry above a certain scale reached 8.62 trillion yuan, an increase of 7.9% year-on-year, with total profits reaching 336.2 billion yuan, an increase of 25.1% year-on-year. The operating income profit margin was 3.9%, a decrease of 0.1 percentage points compared to January to June. In July, the operating income of electronic information manufacturing industry above a certain scale reached 1.26 trillion yuan, an increase of 7.7% year-on-year. The investment maintained a high speed, with fixed asset investment in the electronic information manufacturing industry increasing by 14.5% year-on-year from January to July, higher than the investment in the industrial and high-tech manufacturing sectors during the same period. There were regional differences in performance. From January to July, the operating income of the electronic information manufacturing industry above a certain scale in the eastern region reached 60.595 trillion yuan, an increase of 11% year-on-year, with the central region achieving 13.723 trillion yuan, an increase of 8.3% year-on-year. The western region achieved 11.414 trillion yuan, a decrease of 5.4% year-on-year, and the northeastern region achieved 506.6 billion yuan, a decrease of 14.9% year-on-year. In July, the eastern region achieved 886.8 billion yuan in operating income, an increase of 11.1% year-on-year, while the central region achieved 206.3 billion yuan, an increase of 8.6% year-on-year, the western region achieved 158.7 billion yuan, a decrease of 8.1% year-on-year, and the northeastern region achieved 69.1 billion yuan, a decrease of 7% year-on-year. From January to July, the Beijing-Tianjin-Hebei region achieved 4.665 trillion yuan in operating income, an increase of 16% year-on-year, accounting for 5.4% of the national revenue share, while the Yangtze River Delta region achieved 24.18 trillion yuan in operating income, an increase of 8% year-on-year, accounting for 28% of the national revenue share.