From January to October, China's electronic information manufacturing industry experienced stable growth in production, with a decreasing trend in export scale growth. Enterprise efficiency gradually recovered, and investment growth remained high.

1、 Stable production growth

From January to October, the added value of electronic information manufacturing industry above designated size increased by 9.5% year-on-year, with growth rates exceeding industrial and high-tech manufacturing industries by 5.5 and 0.8 percentage points respectively. In October, the added value of electronic information manufacturing industry above designated size increased by 9.4% year-on-year, a decrease of 1.2 percentage points from September.

Figure 1 Cumulative Growth Rate of Electronic Information Manufacturing Industry and Industrial Value Added

From January to October, among the main products, the production of mobile phones was 1.3 billion units, a year-on-year decrease of 3.5%. Among them, the production 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 production of integrated circuits reached 267.5 billion blocks, a year-on-year decrease of 12.3%.

2、 The export growth rate is showing a downward trend

From January to October, the electronic information manufacturing industry achieved a year-on-year increase of 6% in export delivery value, with a growth rate 0.4 percentage points lower than the first three quarters. In October, the electronic information manufacturing industry above designated size achieved a year-on-year increase of 2.7% in export delivery value, a decrease of 5.1 percentage points from September.

According to customs statistics, from January to October, China exported 143 million laptops, a year-on-year decrease of 20.8%; 690 million mobile phones were exported, a year-on-year decrease of 10.2%; 230.4 billion integrated circuits were exported, a year-on-year decrease of 10.8%.

3、 The company's profitability is gradually recovering

From January to October, the electronic information manufacturing industry achieved a revenue of 1.245 trillion yuan, a year-on-year increase of 8.4%, an increase of 0.4 percentage points compared to the first three quarters; Operating costs amounted to 10.85 trillion yuan, a year-on-year increase of 9.4%; The total profit reached 604.6 billion yuan, a year-on-year decrease of 2.9%, narrowing the decline by 2.5 and 2.7 percentage points respectively compared to the first nine months and the first eight months; The operating revenue profit margin was 4.9%, an increase of 0.1 percentage points from the first three quarters.

4、 Investment growth rate remains high

From January to October, fixed assets investment in 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 high-tech manufacturing investment.