Profits of China's industrial enterprises above designated size increased by 17.6% year-on-year from January to July, with profits in the integrated circuit industry surging by 18.5 times.
According to data released by the National Bureau of Statistics of China on August 27, from January to July, the total profits of industrial enterprises above designated size nationwide reached 4,582.06 billion yuan, a year-on-year increase of 17.6%. Among these, driven by the accelerated expansion of "AI+" and the continuous growth in hashrate demand, the electronics industry's profits increased by 1.1 times year-on-year. The integrated circuit industry, represented by hashrate chips and storage chips, saw its profits surge by 18.5 times year-on-year, becoming a major support. Additionally, profits in high-tech manufacturing increased by 50.1% year-on-year.
Source:华尔街见闻 · Source Link
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