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Analysis of the economic operation of electronic information industry in the first quarter


This year is an important year for implementing the strategic guidelines set by the 16th National Party Congress and an important year for comprehensively moving towards a well-off society. The competent departments of the industry at all levels and the vast number of electronic enterprises are guided by the important thinking of the 'Three Represents' and continue to explore and innovate. Advancing with each other, actively overcoming the negative impact of the Iraq war and atypical pneumonia on economic operations, and making China's electronic information industry develop rapidly on the basis of stable development in the first quarter of this year, in order to fully complete this year's The goal of regulation has laid a good start.

Strong growth in industrial production The production and sales of major products are booming. On the basis of the steady development of the electronic information industry last year, the growth rate has accelerated. The production growth in the first quarter was 30.3%, an increase of 11.7 percentage points over the same period of the previous year. Among them, the growth rate of communication and computer is 42.2%, the household audio-visual category is 15.8%, and the component category is 23.6%. From the perspective of economic type, foreign-invested enterprises, Hong Kong, Macao and Taiwanese investment enterprises still maintained rapid growth. The growth rate in the first quarter reached 30.3%, and the contribution rate to the industry's production growth was 69.2%, which boosted the industry's production growth by 30.3 percentage points. Percentage points. The production of state-owned holding companies increased by 22.3%, and the growth rate of joint-stock enterprises reached 41.6%. In the first quarter, the growth rate of electronic information industry production was 13.1 percentage points higher than the overall growth rate of the national industry. It has become the industry that has the largest industrial growth effect and continues to contribute to the national economy.

At the same time of rapid growth in production, the production and sales of major electronic products are well connected, and the production and sales ratio of the whole industry has remained at a relatively high level. According to the monitoring of key products of our department, most of the products are prosperous and prosperous. The products with larger increase include mobile phones, desktop and notebook computers, rear-projection color TVs, printers, etc. The products such as color TVs, monitors and integrated circuits also maintain two. The number of growth.

At the same time of rapid growth in production and sales, the economic benefits of the whole industry have risen sharply on the basis of the quarterly recovery last year. In the first quarter, the sales revenue reached 317.85 billion yuan, a year-on-year increase of 30.2%; the profit reached 11.31 billion yuan, a year-on-year increase of 24%. Among them, the three-capital enterprises realized a profit of 9.09 billion yuan, a year-on-year increase of 27.2%, while the same period last year showed a negative growth; the industry added industrial value added 66.27 billion yuan, an increase of 37.5%, an increase of 27.6 percentage points over the same period last year. Compared with last year, the quality of the economic operation of the industry has been significantly improved, and the speed, quality and efficiency have become increasingly uniform.

Economic operation presents four characteristics

First, the development speed of communication and computer products has accelerated, and the growth rate of home audio-visual products has declined.

Since telecom operators have increased their network expansion, the domestic market demand is strong, the export situation continues to be optimistic, and the production scale of enterprises has continued to expand. Since the beginning of this year, communication and computer products have changed from the downturn since last year, and the development speed has rebounded strongly. In the first quarter, the growth rate was 42.2%, contributing 63.8% to the industry's production growth, driving the industry's production growth by 19.4%, of which computer products increased by 50.8%, driving the industry's production growth by 10.3 percentage points. Become the leading force in the development of the industry.

The production of home audio-visual products increased by 15.8%, which was 11.1 percentage points lower than that of the same period of last year. The contribution rate to the industry's production growth was 12%, driving the industry's production growth by 3.6 percentage points. The main reason for the slowdown in the growth rate of home audio-visual products is that the base period is too high. After a long period of recession, China’s home audio-visual products developed well last year and exports have grown substantially. This year, industrial development continues the good trend of last year, production and sales. Exports have grown steadily, and product structure adjustment has made significant progress, continuing to contribute to the development of the whole industry. It should be said that the growth rate of 15.8% is normal.

The electronic components industry also maintained a relatively fast development rate. In the first quarter, the production of electronic components and products increased by 23.6%, contributing 24.2% to the growth of the whole industry, driving the industry to grow by 7.3 percentage points. In the first quarter, the production, sales and export of electronic components maintained a large increase, among which the optical cable industry saw a large increase, sales revenue increased by about 50% year-on-year; the output of electro-acoustic devices increased by about 30%; in terms of RC components, the chip The output of ceramic capacitors has increased by about 30%. In addition, sales of magnetic materials, printed circuit boards, semiconductor discrete devices, and integrated circuits have also maintained double-digit growth.

Second, the economic benefits of the whole industry have increased substantially. On the basis of the quarterly recovery last year, the economic benefits of the whole industry have increased significantly since the beginning of this year. The accumulated profit in the first quarter was 11.3 billion yuan, a year-on-year increase of 24%, indicating that while the rapid growth of production, the quality of the economic operation of the industry has improved significantly. To achieve the unity of speed, quality and efficiency. The main reasons for the sharp increase in profits are as follows:

First, the scale of production continues to expand. Affected by factors such as stable domestic market demand and rapid export growth, the production scale of computer products and home audio-visual products continues to expand. The profits of the two industries in the first quarter were 2.49 billion yuan and 1.36 billion yuan respectively, an increase of 57.1% and 46.4% year-on-year, which greatly promoted the profit growth of the whole industry.

Second, the development of some industries has turned better. For example, the electronic device industry is affected by the whole machine products and exports. The development situation has improved significantly this year. The profit in the first quarter reached 1.38 billion yuan, a year-on-year increase of more than 2 times.

Third, since last year, many export-oriented enterprises have received more export orders. For example, Shenzhen SEG has increased its export orders by 37% in the first quarter and integrated circuits by 22% due to the surge in export orders. In addition, many multinational companies have transferred production bases to China, and domestic joint ventures or wholly-owned processing enterprises have increased their export orders. For example, after DELL transferred its production base to Fujian, the orders increased significantly. In the first quarter, computer exports increased by 68%, making the enterprise economy The benefits have increased significantly.

Fourth, some enterprises have achieved initial results. For example, after Wuxi Huajing was in Hong Kong, the production and operation strategy has undergone major adjustments, and it has turned a profit.

Fifth, high-value-added products are developing rapidly. For example, the output of products such as rear-projection color TVs, notebook computers, and liquid crystal displays continues to grow, and the proportion of all products continues to increase. These products have relatively large profit margins, which also increases corporate profits.

Third, the import and export of electronic products continued to maintain rapid growth. Since the beginning of this year, the export of electronic information products has continued the rapid growth momentum since last year. At the end of the first quarter, the total import and export volume of electronic information products in China was 51.5 billion US dollars, of which exports were 25.71 billion US dollars, up 44.4% year-on-year, accounting for national foreign trade. 29.8% of the total exports, the contribution rate to the national exports reached 36.5%, driving the national exports to increase by 12.2 percentage points of 33.5 percentage points. In the first quarter, the total import of electronic information products reached 25.795 billion US dollars, an increase of 59.1%.

At present, the import and export of electronic information products mainly exhibit the following characteristics: First, the export of mobile phones, computers, integrated circuits and other products has grown rapidly, and has become the main force driving the export of the whole industry. Second, the investment of foreign businessmen in China has continued to grow, and some multinational companies have adjusted their development. The strategy, such as DELL since the second half of last year, has closed its processing sites in Malaysia and has been transferred to Fujian, China. The current production status has been very stable, and the output has been continuously improved, which has also promoted the export growth of electronic information products. Third, while exports are growing rapidly, imports are too fast, and products such as mobile phone parts and automatic placement machines are particularly prominent, resulting in a significant reduction in trade surplus compared to the same period last year.

Fourth, the development of different regions is significantly different. At present, the electronic information industry is still concentrated in the eastern coastal areas, and as foreign capital, technology, human resources, information and other resources continue to be concentrated in this region, the scale of the industry has expanded, but in the eastern region, the development situation has difference. Zhejiang, Fujian, Guangdong and other places have a good development momentum, with simultaneous growth in production, sales and economic benefits. The development of the whole industry, especially the growth of economic benefits, has increased, while the development of Beijing and Shanghai has slowed down, and the economic benefits have shown negative growth. The development of the whole industry has a negative impact. In the central and western regions, such as Hubei, Hunan, and Sichuan, the provinces are developing rapidly, and production and benefits are growing simultaneously.


Exports of major electronic information products in the first quarter

Problems in economic operation need to be solved urgently

1. The import of electronic products has grown too fast. In the first quarter, the total import of electronic products reached 25.795 billion US dollars, a year-on-year increase of 59.1%, an increase of 38.8 percentage points over the same period of the previous year. Due to the rapid growth of imports, the trade of electronic information products in China in the first quarter of this year has been in a deficit, a phenomenon that has not been seen for many years. The main reasons for the surge in imports of electronic products are as follows: After China's accession to the WTO, China has liberalized import quotas for some electronic products and lowered import tariffs on a large number of electronic products, resulting in a substantial increase in imports of electronic products. The continued growth of foreign investment has also contributed to the growth of imports of electronic products. The phenomenon of tariff inversion has caused some enterprises to change domestic procurement to direct import. Since China's electronic information products manufacturing industry is mainly based on processing industry and its scale is expanding, some electronic products, such as automatic placement machines and mobile phone parts, have increased significantly, especially since the first quarter of this year. The increase in quantity has become a prominent problem. These parts are mainly low-end products, with low added value and poor quality, which have a negative impact on the quality of domestic brand mobile phones. In short, the rapid growth of electronic products will inevitably have an impact on domestic industries, which is not conducive to the upgrading of industrial structure.

2. The increase in the price of production materials has led to an increase in product costs. Although the current world crude oil price has dropped, it has remained at a relatively high level, which has caused the price of some important domestic production materials to rise sharply. According to the statistics of relevant departments, the price of China's production materials has rebounded strongly in the first quarter of this year. The average price has risen by 6.6% year-on-year. The price of petroleum and its products has increased by 29.5%, the price of chemical products has increased by 8.4%, and the price of steel has risen. 10.8%, the power supply in some areas is tense. The rise in the prices of production materials has put pressure on the electronics processing industry, and some electronic products have increased costs.

3. There are uncertainties in the export of electronic products. Despite the good export situation of China's electronic information products in the first quarter, it should be noted that the uncertainties faced by exports have increased, and the export situation is “happy and worrying”. First, the impact of the Iraq war on the recovery of the world economy and its impact on China's economy needs further observation. Second, the current international trade protectionism is on the rise. Trade disputes such as anti-dumping, technical trade barriers and intellectual property rights protection in international trade are increasing, which may affect China's electronic information products expand exports; third, the development of atypical pneumonia epidemic, will have an adverse impact on China's electronic information industry production activities and product imports and exports.

4. Insufficient investment in the industry, and some enterprises have a shortage of funds. Mainly manifested in: bank loans, government special funds support is still the main source of funds for enterprises, industrial development funds and risk capital market mechanisms are not perfect, some enterprises have less investment, some key projects supporting funds can not be implemented. Some enterprises lack effective financing channels and financing means. Most small and medium-sized enterprises, especially new types of electronic information enterprises, such as software companies, are more prominent in the process of industrialization.

5. Market competition has intensified. At present, the means of competition has evolved from pure price competition to quality competition, technology competition, and sales channels. The trend of internationalization in the domestic market has become increasingly prominent.

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