Ministry of Industry and Information Technology: Profit from electronic information industry decreased by 12.3% year-on-year

The website of the Ministry of Industry and Information Technology announced on September 17th “Completion of Major Benefit Indicators for Electronic Information Manufacturing Industry above Designated Size for January-July 2012”. From January to July 2012, the revenue of electronic information enterprises above designated size was 4.56 trillion yuan, an increase of 8.9% year-on-year (YoY); total profit was 138.3 billion yuan, a year-on-year decrease of 12.3%.

From the perspective of industry breakdown, the profit growth rate of “broadcast and television equipment manufacturing industry” is the fastest, reaching 57.2%, while that of “other electronic information industry” is down 56.6%. From January to July, the main business income of electronic computer manufacturing accounted for the largest, reaching 1.20 trillion yuan, accounting for 26.3% of the total electronic information industry.

The data shows that interest expenses have increased by 51.8%, resulting in an increase of 125.6% in the financial expenses of electronic information companies, resulting in a significant increase in loss-making enterprises. The gradual increase in the proportion of financial expenses will be one of the problems that need to be solved urgently for the loss of electronic information companies.