NBS chief statistician Yu Weining said Jan–Aug industrial enterprise profits
were driven by a surge in the electronic sector, where profits rose 1.1x YoY and
accounted for 62.0% of total profit growth at industrial firms above designated
size. Demand from NEVs, IoT and compute centers raised chip demand, lifting
optoelectronic device manufacturing profits 72.0% and semiconductor
discrete-device manufacturing 51.8%. Rapid expansion in electronic basic raw
materials boosted electronic-specialty materials manufacturing profits 2.3x and
electronic circuit manufacturing 49.1%.
