Ministry of Industry and Information Technology: In the first quarter, China's digital industry revenue reached 9.5 trillion yuan, a year-on-year increase of 12.9%.

According to data from the Ministry of Industry and Information Technology, in the first quarter, the digital industry achieved a revenue of 9.5 trillion yuan, a year-on-year increase of 12.9%, with a growth rate 3.5 percentage points higher than the same period last year. Due to the strong growth in profits in the electronic information manufacturing industry, the total profit of the digital industry reached 737.8 billion yuan, a year-on-year increase of 23.6%, with a growth rate 16.6 percentage points higher than the same period last year. The income profit margin was 7.8%, an increase of 1 percentage point over the same period last year. In the first quarter, China's digital industry had a good start, with industry profits significantly improved, and further enhancement in quality and efficiency of development. Artificial intelligence applications accelerated integration, new tracks and energy accelerated release, and industrial ecosystem optimization continued, providing strong support for stabilizing economic growth, cultivating new quality production forces, and empowering the intelligent transformation of thousands of industries. 1. Significant increase in digital industry revenue and profits In the first quarter, the digital industry achieved a revenue of 9.5 trillion yuan, a year-on-year increase of 12.9%, with a growth rate 3.5 percentage points higher than the same period last year. Due to the strong growth in profits in the electronic information manufacturing industry, the total profit of the digital industry reached 737.8 billion yuan, a year-on-year increase of 23.6%, with a growth rate 16.6 percentage points higher than the same period last year. The income profit margin was 7.8%, an increase of 1 percentage point over the same period last year. 2. Significant momentum in industrial aggregation In the first quarter, the top 10 provinces in terms of digital industry revenue, including Guangdong, Jiangsu, Beijing, Shanghai, and Zhejiang, achieved a total business income of 7.9 trillion yuan, a year-on-year increase of 13.9%, accounting for 82.9% of the national total, an increase of 2.2 percentage points compared to the same period last year, and contributing 89.1% of the national digital industry revenue growth. The growth rate in the central region accelerated, with the central region achieving a digital industry revenue of 1.3 trillion yuan, a year-on-year increase of 21.4%, an increase of 11.7 percentage points compared to the same period last year, which was 8.5 percentage points higher than the national average, with Anhui and Hubei leading in growth. Many regions rely on digital industry clusters to actively explore new formats and models in the digital industry. 3. Continuously strengthening digital infrastructure capabilities As of the end of March, there were 4.958 million 5G base stations nationwide, with 32.01 million 10G PON ports capable of providing 10G network services. Enterprises continued to promote the pilot deployment of 5G-A (5G Evolution Network) and 10G PON, with 168 districts, factories, and parks in 86 cities across the country already conducting pilot deployments of 10G PON, and 5G-A coverage reaching 330 cities. The layout of computing power infrastructure accelerated, with a multi-level computing power architecture of "hub-region-edge" further optimized. As of the end of March, there were 14.45 million standard racks of computing power in use in China, with an intelligent computing power scale of 1,882 EFLOPS (FP16), and over 70 computing power main channels had been built around the computing power hubs. 4. Further improvement in the quality and efficiency of digital manufacturing In the first quarter, the value added of electronic information manufacturing enterprises above designated size increased by 13.6% year-on-year, 7.5 percentage points higher than the industrial growth rate, an increase of 2.1 percentage points compared to the same period last year. The operating income of electronic information manufacturing enterprises above designated size reached 4.31 trillion yuan, a year-on-year increase of 14.8%, with a growth rate 4.2 percentage points higher than the same period last year. The total profit amounted to 217 billion yuan, a year-on-year increase of 1.25 times. In terms of industries, profit growth in multiple industries doubled, with the electronic device manufacturing industry leading in profit growth, and 7 out of 9 medium-sized industries achieving positive profit growth. 5. Stable operation of digital service industry The overall business volume of the telecommunications industry continued to grow. In the first quarter, the total business volume of the telecommunications industry increased by 8.3% year-on-year, based on the unchanged unit price from the previous year, a growth rate 0.6 percentage points higher than the same period last year. Software business income remained stable. In the first quarter, software business income reached 3.492 trillion yuan, a year-on-year increase of 11.7%, with a growth rate 1.1 percentage points higher than the same period last year. Internet services showed a relatively rapid growth momentum. Internet and related service enterprises above designated size completed business income of 502.7 billion yuan, a year-on-year increase of 10.6%, with a growth rate 9.2 percentage points higher than the same period last year. This article is excerpted from "MIIT Briefing," edited by GMTEight: Li Fo.