China's electronic manufacturing industry rebounds, with mobile phone production exceeding 900M in eight months. Exports narrow declines, profitability rises, and investments stabilize.
Electronic manufacturing enterprises contributed to a 0.9% year-on-year increase in value added, showing improvement compared to the first seven months.Mixed Export Picture:
The electronic information manufacturing sector faced an 8% decline in export delivery value, though it improved slightly compared to the earlier part of the year. Exports ofThe industry generated an operating revenue of 9.21 trillion yuan , with a 3.5% year-on-year drop, which showed signs of improvement. Costs decreased by 3%, totaling 8.06 trillion yuan , and profits stood at 354.7 billion yuan , reflecting a substantial decrease of 20.6% but improving over the previous months.
China’s electronic manufacturing sector has displayed resilience and a positive trajectory despite facing challenges during the first eight months of the year. While there have been declines in certain areas, such as smartphone production and exports, the overall industry has shown signs of recovery and growth, with August particularly standing out as a strong month.
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