In 2021, the added value and export delivery value of China's electronic information manufacturing industry will achieve double-digit growth;Achieve rapid profit growth;The growth rate of fixed asset investment accelerated significantly。

       First, the growth rate of production is steady but rising

       In 2021, the added value of the national electronic information manufacturing industry above designated size increased by 15 percent over the previous year.7%, ranked 6th in 41 major categories of industries, the growth rate hit a new high in the past decade, 8 faster than the previous year.0 percentage points;The growth rate is higher than the growth rate of industrial added value above designated size in the same period.1 percentage point, the gap has widened compared with 2020, but the growth rate of value-added in higher technology manufacturing is lower than that in 2020.Five percentage points;The two-year average increase is 11.6%, higher than the two-year average growth rate of industrial added value.5 percentage points, the effect of industrial production is obvious。

Figure 1 Growth rate of electronic information manufacturing industry and industrial added value from 2012 to 2021

       In December, the added value of electronic information manufacturing industry increased by 12.0%, an increase of 0% over the same period last year.Six percentage points。From the monthly growth rate, the overall situation remained stable。

Figure 2 Electronic Information Manufacturing and industry since December 2020Monthly growth rate of added value

       In 2021, among the main products, the output of mobile phones is 17.600 million units, up 7% year on year, including smartphone production of 12.700 million units, an increase of 9%;Microcomputer equipment output 4.700 million units, an increase of 22 percent.3%;The output of integrated circuits was 359.4 billion pieces, an increase of 33 percent year-on-year.3%。

       Second, the growth rate of export delivery value accelerated

       In 2021, the export delivery value of electronic information manufacturing enterprises above designated size increased by 12 percent over the previous year.7%, the growth rate is 6% higher than the previous year.3 percentage points, but 5 percentage points lower than the growth rate of export delivery value of industrial enterprises above designated size in the same period。Two-year average growth of 9.5%, higher than the industrial two-year average growth rate of 1.Two percentage points。

       In December, the export delivery value of electronic information manufacturing enterprises above designated size increased by 12 percent year-on-year.6%, down 4 percent from the same period last year.Seven percentage points。

Figure 3 Electronic information manufacturing and industrial enterprises, 2012-2021Growth rate of export delivery value

       According to customs statistics, in 2021, China will export notebook computers 2.200 million units, an increase of 22 percent.4%;Export mobile phone 9.500 million units, down 1.2%;The export of integrated circuits was 310.7 billion, an increase of 19 billion.6%;Imported integrated circuit 6354.800 million, an increase of 16.9%。

       3. Corporate profits grew rapidly

       In 2021, the electronic information manufacturing industry above designated size achieved operating income of 14,128.5 billion yuan, an increase of 14 percent over the previous year.7%, an increase of 6% over the previous year.Four percentage points, two years of average growth of 11.5%。

       The operating cost was 12,154.4 billion yuan, an increase of 13.7%, an increase of 5% over the previous year.Six percentage points。

       The total profit reached 828.3 billion yuan, an increase of 38 percent over the previous year.9%, a two-year average increase of 27.6%, the growth rate is higher than the profits of industrial enterprises above designated size 4.6 percentage points, but higher technology manufacturing profits are lower by 9.Five percentage points。The operating income margin was 5.9%, 1 percentage point higher than the previous year, but lower than the operating income profit margin of industrial enterprises above designated size.Nine percentage points。

Figure 4 Electronic information manufacturing and industrial enterprises, 2012-2021Total profit growth rate

       4. Fixed asset investment growth rebounded

       In 2021, fixed asset investment in the electronic information manufacturing industry increased by 22 percent over the previous year.3 percent, faster than the same period of manufacturing (13.5%) and high-tech manufacturing (22.2%) respectively high 8.8和0.1 percentage point;It ranks third in the growth rate of investment in the manufacturing industry, second only to the special equipment manufacturing industry (24.3%) and electrical machinery and equipment manufacturing (23.3%）。

       In the context of the global integrated circuit manufacturing capacity continues to be tight, in the past two years, China's integrated circuit related fields of investment active, to achieve semiconductor devices and equipment, electronic components and electronic special materials manufacturing investment growth, led by the electronic information manufacturing fixed asset investment for two years average growth of 17.3 percent, well above the manufacturing sector's two-year average of 5.8%。

Figure 5 Growth rate of electronic information manufacturing industry and manufacturing fixed asset investment from 2012 to 2021

(Except as indicated, the rest of the statistical data are data from the National Bureau of Statistics or calculated accordingly)

Source: Ministry of Industry and Information Technology, PRC