Strong Resilience: Value Added of Major Chinese Electronic Information Manufacturing Firms Rises 10.6% in Jan-Oct Period

The electronic information manufacturing sector in China demonstrated strong resilience and developmental vitality, with the total Value Added of major companies in the sector growing by 10.6% year-on-year during the first ten months of this year (January - October). This is according to the latest data from the Ministry of Industry and Information Technology (MIIT).

This rate highlights the sector's strength, surpassing the growth of general industry by 4.5 percentage points and outperforming high-tech industry growth by 1.3 percentage points.

Key Sector Indicators (January - October):

Indicator	Value/Rate	Description
Value Added Growth	10.6%	Year-on-year growth for major companies in the sector.
Mobile Phone Output	1.25 billion units	Including 1.02 billion smartphones (0.7% annual increase), meeting diverse market demands.
Integrated Circuit (IC) Output	386.6 billion units	A 10.2% year-on-year increase, strengthening core component production capacity.
Business Revenue	14 trillion yuan	An annual increase of 8.3%.
Profit Margin on Revenue	4.07%	A 0.1 percentage point increase from the preceding nine months, indicating improved profitability.

The MIIT noted that the sustained growth in IC output continuously strengthens the production capacity of core components, "solidifying the foundation for the high-quality development of the sector." The improved profit margin also reflects the continuous enhancement of corporate profitability and the overall quality of the sector's development.