The Ministry of Industry and Information Technology released today the operation of China's electronic information manufacturing industry from January to October 2022. From January to October, the production of my country's electronic information manufacturing industry grew steadily, the growth rate of the export scale showed a downward trend, corporate profits gradually recovered, and the growth rate of investment remained high. (The electronic information manufacturing industry in this article is the same as the computer, communication, and other electronic equipment manufacturing industry in the national economic industry classification.)
Steady growth in production
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| Figure 1 Cumulative growth rate of electronic information manufacturing and industrial added value
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From January to October, the added value of the electronic information manufacturing industry above the designated size increased by 9.5% year-on-year, and the growth rate exceeded that of the industrial and high-tech manufacturing industries by 5.5 and 0.8 percentage points respectively. In October, the added value of the electronic information manufacturing industry above the designated size increased by 9.4% year-on-year, a decrease of 1.2 percentage points from September.
a year-on-year decrease of 3.5%, of which the output of smartphones was 988 million units, a year-on-year decrease of 2.2%; the output of microcomputer equipment was 351 million units, a year-on-year decrease of 8.8%; the output of integrated circuits was 2675 million units. billion, a year-on-year decrease of 12.3%.
Export growth is on the decline
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| Figure 2 Cumulative growth rate of electronic information manufacturing industry and industrial export delivery value
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From January to October, the export delivery value of the electronic information manufacturing industry increased by 6% year-on-year, and the growth rate decreased by 0.4 percentage points compared with the previous three quarters. In October, the export delivery value of the electronic information manufacturing industry above the designated size increased by 2.7% year-on-year, a decrease of 5.1 percentage points from September.
According to customs statistics, from January to October, my country exported 143 million notebook computers, a year-on-year decrease of 20.8%; exported 690 million mobile phones, a year-on-year decrease of 10.2%; exported 230.4 billion integrated circuits, a year-on-year decrease of 10.8%.
Enterprise benefits are gradually recovering
From January to October, the electronic information manufacturing industry realized an operating income of 12.45 trillion yuan, an increase of 8.4% year-on-year, an increase of 0.4 percentage points from the previous three quarters; operating costs were 10.85 trillion yuan, a year-on-year increase of 9.4%; the total profit was 604.6 billion yuan, It decreased by 2.9% year-on-year, which was 2.5 and 2.7 percentage points lower than that of January-September and January-August respectively; the profit margin of operating income was 4.9%, which was 0.1 percentage point higher than that of the first three quarters.
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| Figure 3 Cumulative growth rate of operating income and total profit of electronic information manufacturing industry
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Investment growth remains high
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| Figure 4 Cumulative growth rate of electronic information manufacturing industry and industrial fixed asset investment
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From January to October, the investment in fixed assets in the electronic information manufacturing industry increased by 20.8% year-on-year, 10 percentage points higher than the growth rate of industrial investment in the same period, but 2.8 percentage points lower than the growth rate of investment in high-tech manufacturing.
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