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China's electronic information manufacturing industry sees rapid profit growth
Updated: December 4, 2021 17:00 Xinhua

BEIJING — China's electronic information manufacturing industry registered strong growth in revenue and profit in the first 10 months of the year, data from the Ministry of Industry and Information Technology (MIIT) showed.

Major enterprises in the sector raked in total profits of 604.9 billion yuan (about $94.9 billion), surging 34.3 percent year-on-year, 21.7 percentage points faster than the same period last year, according to the MIIT.

The combined operating revenue of these companies rose 15.1 percent year-on-year to over 11.07 trillion yuan in the first 10 months, while their added-value climbed 16.5 percent over one year earlier.

In October, the output of smartphones rose 7.4 percent year-on-year to 110 million units, while that of microcomputers edged up 1.5 percent to top 41.42 million units.

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