China

Chinese electronic information manufacture industry

| Author / Editor: China Electronic News / Franziska Breunig

Monthly output of integrated circuits since 2016 (100 million units)
Monthly output of integrated circuits since 2016 (100 million units) (Source: MIIT Operation Monitoring and Coordination Bureau)

In the first three quarters, electronic information manufacture industry development trend continued to be optimistic, production growth rate continued to be increased, speedy export growth was realized, industry performance continued to be improved and a high-speed growth of fixed asset investment was maintained.

Production growth continued to be accelerated. In the first three quarters, the added value of electronic information manufacture enterprises above designated size increased by 13.9 % on a year-on-year basis, which translated to a year-on-year growth acceleration rate of 4.2 percentage points and an acceleration of 7.2 percentage points compared to all enterprises above designated size, the added value accounted for 7.4 % of the added value of industrial enterprises above designated size. In September, the growth rate was 16.3 %, which was increased by 3.3 percentage points compared to that in August.

A speedy growth of export was realized. In the first three quarters, an export delivery value of RMB 3766.5 billion was realized and increased by 13.9 % on a year-on-year basis. In September, an export delivery value of RMB 510.4 billion was accomplished and increased by 11.1 % on a year-on-year basis, which declined by 0.5 percentage point compared to that in August.

A speedy production growth of communication equipment industry was realized. In the first three quarters, 1447980 thousand mobile phones were produced, which translated to a year-on-year growth of 3.4 %. 1077570 thousand smart phones were produced, which translated to a year-on-year growth of 2.7 %, and accounted for 74.4 % of total number of mobile phones produced. The export delivery value increased by 9.8 % on a year-on-year basis and the growth rate in September was 2.6 %.

A steady growth of electronic element industry was maintained. In the first three quarters, 3154900 million electronic elements were produced, which translated to a year-on-year growth of 17.6 %. The export delivery value increased by 15.4 % on a year-on-year basis. The growth rate in September was 24.0 %.

The production in the electronic element industry obviously became prosperous. In the first three quarters, 115100 million integrated circuit boards were produced, which translated to a year-on-year growth of 22.1 %. The export delivery value increased by 17.2 % on a year-on-year basis. The growth rate in September was 10.3 %.

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Performance

A speedy growth trend of industrial profits was continued and the scale of losses to enterprises continued to be narrowed. In the first three quarters, the revenue from main business of the whole industry increased by 13.6 % on a year-on-year basis and the profit increased by 17.6 % on a year-on-year basis. The profit rate of the revenue from main business was 4.68 %, which increased by 0.16 percentage point. The scale of losses to enterprises was 20.0 %, which was narrowed by 1.3 percentage points on a year-on-year basis.

Payment collection by enterprises was improved and finished product inventory increased on a year-on-year basis. At the end of the third quarter, the receivables of the whole industry increased by 14.5 %on a year-on-year basis, which was 0.9 percentage point higher than the growth rate of the revenue from main business during the same period, but the difference of growth rate with that in August was narrowed by 0.6 percentage point. The finished product inventory increased by 13.8 % on a year-on-year basis.

Fixed asset investment

A speedy growth of fixed asset investment was maintained. In the first three quarters, the amount of fixed asset investment in projects in the electronic information industry which have an amount of more than RMB 5.0 million increased by 25.2 %on a year-on-year basis and the growth rate was accelerated by 13.7 percentage points on a year-on-year basis. New fixed asset investment in the electronic information industry in this year increased by 41.6 % on a year-on-year basis.

The growth of investment in communication equipment and electronic device industries was outstanding. In the first three quarters, the investment in the electronic device industry increased by 28.6 %on a year-on-year basis. The investment in the electronic element industry increased by 11.9 %on a year-on-year basis. In the whole machine industry, the investment in communication equipment and domestic audio and video equipment industries increased rapidly at the rates of 49.5 % and 14.6 %, respectively. The investment in electronic computer industry increased by 5.8 % on a year-on-year basis.

Investment by domestic enterprises increased rapidly. In the first three quarters, investment by domestic enterprises increased by 30.8 %on a year-on-year basis. Investment by joint-equity cooperative enterprises and state-owned enterprises increased rapidly at the rates of 174.3 % and 50.3 %, respectively. Investment by Hong Kong, Macau and Taiwan enterprises increased by 22.5 % on a year-on-year basis. Investment by foreign-funded enterprises decreased by 1.6 % on a year-on-year basis.

This article was first published on MM International.

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