Ministry of Industry and Information Technology: the added value of the electronic information manufacturing industry above October scale in 2022 increased by 9.5% year on year.

CTOnews.com November 30 news, the Ministry of Industry and Information Technology today released the operation of China's electronic information manufacturing industry from January to October 2022. From January to October, the production of China's electronic information manufacturing industry increased steadily, the growth rate of export scale showed a downward trend, the efficiency of enterprises gradually recovered, and the growth rate of investment remained high. (in this paper, "electronic information manufacturing" is the same caliber as "computer, communications and other electronic equipment manufacturing" in the industry classification of national economy. )

Steady growth of Pixabay production in Tu Yuan

From January to October, the added value of the electronic information manufacturing industry increased by 9.5% compared with the same period last year, exceeding the growth rate of industrial and high-tech manufacturing by 5.5 and 0.8 percentage points, respectively. In October, the added value of the above-scale electronic information manufacturing industry increased by 9.4% from a year earlier, down 1.2 percentage points from September.

Figure 1 the cumulative growth rate of electronic information manufacturing and industrial value added from January to October. Among the major products, the output of mobile phones was 1.3 billion, down 3.5 percent from the same period last year, of which the output of smartphones was 988 million, down 2.2 percent from the same period last year; the output of microcomputer equipment was 351 million, down 8.8 percent from the same period last year; and the output of integrated circuits was 267.5 billion, down 12.3 percent from the same period last year.

The growth rate of exports shows a downward trend

From January to October, the export delivery value of the electronic information manufacturing industry increased by 6% compared with the same period last year, down 0.4 percentage points from the previous three quarters. In October, the export delivery value of the electronic information manufacturing industry increased by 2.7% over the same period last year, down 5.1 percentage points from September.

Figure 2 Cumulative growth rate of electronic information manufacturing and industrial export delivery value according to customs statistics, from January to October, China exported 143 million notebook computers, down 20.8 percent from the same period last year; 690 million mobile phones, down 10.2 percent from the same period last year; and 230.4 billion integrated circuits, down 10.8 percent from the same period last year.

The benefit of the enterprise is gradually restored

From January to October, the operating income of the electronic information manufacturing industry reached 12.45 trillion yuan, an increase of 8.4% over the same period last year, an increase of 0.4% over the previous three quarters; the operating cost was 10.85 trillion yuan, an increase of 9.4% over the same period last year; and the total profit was 604.6 billion yuan, down 2.9% from the same period last year. 2.5 and 2.7 percentage points lower than those in January-September and January-August, respectively The profit margin on operating income was 4.9%, up 0.1 percentage points from the previous three quarters.

Fig. 3 Cumulative growth rate of operating income and total profit of electronic information manufacturing industry investment growth rate remains high

From January to October, fixed asset investment in the electronic information manufacturing industry increased by 20.8% compared with the same period last year, 10 percentage points higher than the growth rate of industrial investment in the same period, but 2.8 percentage points lower than that of high-tech manufacturing investment.

Figure 4 Cumulative growth rate of investment in electronic information manufacturing and industrial fixed assets