The industrial economy is making steady progress and continuously unleashing new growth momentum
2025-10-27
Recently, there have been frequent good news of order growth and technological breakthroughs among upstream and downstream enterprises in the high-end manufacturing industry; According to data from the National Bureau of Statistics, the added value of industrial enterprises above designated size in China increased by 6.2% year-on-year in the first three quarters... Overall, the industrial economy has made steady progress in the first three quarters, showing characteristics of innovation leadership, industry resilience, and green development. Innovation leadership: Activating new growth drivers through technological breakthroughs. Innovation leadership is the era connotation of high-quality industrial development. Zhou Weifu, a researcher at the Institute of Industrial Economics of the Chinese Academy of Social Sciences, stated in an interview with Shanghai Securities News that innovation leadership refers to industrial development breaking free from dependence on traditional factor inputs, and original and disruptive technological innovation becoming the main driving force for industrial development and industrial structural upgrading. According to data from the National Bureau of Statistics, in the first three quarters, the added value of equipment manufacturing industry above designated size increased by 9.7% year-on-year, and the cumulative added value accounted for 35.9% of all industrial enterprises above designated size, exceeding 30% for 31 consecutive months, further highlighting the role of "ballast stone". At the same time, the added value of high-tech manufacturing increased by 9.6%, which was 3.4 percentage points faster than the growth rate of all industries above designated size, highlighting the driving effect of high-tech industries on industrial growth. Yang Chang, Chief Analyst of the Policy Team at Zhongtai Securities Research Institute, analyzed that the rapid development of the equipment manufacturing industry is a direct result of innovation driven transformation, with accelerated technological iteration and continuous improvement in product added value; On the other hand, it also benefits from the gradual improvement of downstream demand. The strong demand in fields such as new energy vehicles and electronic information has driven the production expansion of equipment manufacturing in reverse, forming a virtuous cycle of "demand production innovation". The continuous release of innovative momentum has given birth to a group of "fist products" with market competitiveness, becoming a fresh footnote to the high-quality development of industry. In the first three quarters, the added value of intelligent unmanned aerial vehicle manufacturing and intelligent vehicle mounted equipment manufacturing increased by 59.9% and 25.1% respectively, and the production of industrial robots, 3D printing equipment, industrial control computers and systems also maintained high-speed growth of more than double digits. Behind these data lies the active practice of enterprises as innovative entities. The relevant person in charge of Efte stated that in the first half of 2025, the company will make significant breakthroughs in the automotive vehicle and automotive parts industry. Spot welding robots, arc welding robots, spraying robots, and general robots will receive bulk orders from leading domestic new energy vehicle enterprises. Among them, the Ef heavy-duty welding robot successfully applied aluminum spot welding technology and roller edge technology for the first time on the white body welding production line, reflecting the improvement of the company's product capabilities. Industrial resilience: Building a solid foundation for development through system resilience. Industrial resilience is also an important characteristic of high-quality industrial development. Industrial resilience refers to the ability of an industrial system to maintain stable operation, adapt quickly, and achieve upgrading in the face of external shocks. Risk resistance, adaptability, recovery, and upgrading capabilities are important criteria for the strength of industrial resilience, "said Zhou Weifu. As an "industrial mother machine", the machine tool industry is a typical field for measuring industrial resilience, and its development level directly affects the accuracy and efficiency of the manufacturing industry. With the rapid development of emerging industries such as new energy vehicles, medical equipment, and aerospace, the global market's demand for high-end machine tools for precision machining, complex forming, and efficient production is increasing. This not only brings opportunities but also challenges to domestic machine tool enterprises. Recently, our Taicang team independently developed a 'linear motor driven' machine tool, which is more suitable for processing new energy vehicle components in China. Compared with conventional machine tools, this product has increased the cutting efficiency of automotive structural parts by 40%. ”Wang Jian, the Operations Director of Julang Kailong Machine Tool (Taicang) Co., Ltd., introduced it. According to statistics, in the first 8 months, the company's product imports increased by more than double year-on-year. While leading enterprises are deeply cultivating the domestic market, more small and medium-sized enterprises are actively "going global" to enhance the overall risk resistance of the industry by expanding overseas markets. Statistics show that in the first eight months of this year, the export of machine tools in Jiangsu Province reached 10.97 billion yuan, a year-on-year increase of 15.3%. This growth is not only driven by leading enterprises, but also inseparable from the active participation of small and medium-sized enterprises. Jiangsu Tianhong Machinery Industry Co., Ltd. is a private enterprise mainly engaged in the production of aluminum alloy melting equipment, casting equipment and other mechanical equipment. Its products serve industries such as automotive parts and high-speed rail parts. Our intelligent casting and post-processing automation production line can use industrial robots to achieve automatic grasping and transfer, and has successively launched TH-165 industrial handling robot, five degree of freedom robot shaped workpiece surface finishing machine, etc. ”Tang Jianjun, the person in charge of customs affairs of the company, introduced that the intelligent casting equipment produced by the company has entered multiple countries and regions overseas. In the first eight months of this year, the company's export value exceeded 50 million yuan, a year-on-year increase of 11.1%. Breakthroughs and innovations at the enterprise level ultimately converge into a stable trend of industrial production, demonstrating the growth potential brought by industrial resilience. According to data from the National Bureau of Statistics, the added value of industrial enterprises above designated size in China increased by 6.2% year-on-year in the first three quarters. From the perspective of the three major categories, the manufacturing industry grew by 6.8%, with a growth rate 0.6 percentage points higher than that of all industries above designated size; The mining industry, electricity, heat, gas, and water production and supply industry grew by 5.8% and 2.0% respectively. From an industry perspective, the added value of 37 out of 41 major industrial sectors increased year-on-year, with a growth rate of 90.2%. From the perspective of products, among the 623 major industrial products in the statistics, the output of 385 products increased year-on-year, with a growth rate of 61.8%. Of particular note is the September data, which was affected by both the release of policy effects and the recovery of market demand. The added value of industrial enterprises above designated size increased by 6.5% year-on-year, a significant increase of 1.3 percentage points compared to August, and a month on month growth of 0.64%. This data not only reflects the short-term recovery of industrial production, but also indicates the long-term growth potential supported by industrial resilience. Green development: Drawing high-quality development with low-carbon transformation. Green development is the foundation of high-quality development. Under the traditional development model, industrial development exhibits extensive growth characteristics of high energy consumption and high emissions, and generally adopts a development path of 'pollution first, treatment later', externalizing environmental costs and resulting in poor compatibility between industrial development and ecological environment, "said Zhou Weifu. Currently, China's industrial green transformation has achieved significant results, and the data released by the National Bureau of Statistics for the first three quarters provides a clear answer. ——In the field of terminal consumption, the production of green products has grown rapidly: the production of new energy vehicles has increased by 29.7% year-on-year, which not only meets consumers' demand for low-carbon travel, but also promotes the electrification transformation of the automotive industry; The production of lithium-ion power batteries for automobiles increased by 46.9% year-on-year. As the core component of new energy vehicles, its rapid growth provides strong support for the new energy vehicle industry; The production of charging piles increased by 22.2% year-on-year, which solved the problem of "difficult charging" for the popularization of new energy vehicles and improved the green travel industry chain. ——In the field of energy production, the output of green equipment has also shown impressive performance: the output of wind turbines increased by 72.4% year-on-year, the output of nuclear turbines increased by 38.9% year-on-year, and the output of solar cells increased by 14.0% year-on-year. These data not only reflect the improvement of China's green energy equipment manufacturing capacity, but also reflect the accelerated transformation of the energy structure towards clean and low-carbon, providing stable energy guarantee for industrial green development. Looking ahead to the fourth quarter, Yan Meng, Senior Engineer at the New Industrialization Research Department of the Policy and Economic Research Institute of the China Academy of Information and Communications Technology, stated that the favorable conditions for stable growth of China's industrial economy have not changed. On the one hand, the kinetic energy conditions have not changed. At present, the acceleration of new industrialization, the deep integration of scientific and technological innovation and industrial innovation, effectively stimulate the vitality of independent innovation and the driving force of industrial upgrading, and accelerate the formation of new quality productivity; On the other hand, the supporting conditions have not changed. The continuous efforts and effectiveness of macroeconomic policies provide strong guarantees for the stable growth of the industrial economy. Wu Yin, a professor at the School of Economics and director of the Institute of Political Economy at Southwest University of Finance and Economics, stated in an interview with Shanghai Securities News that since September this year, a new round of stable growth plans for the top ten key industries has been launched and implemented. The plan clearly states that green and low-carbon development is an important direction, and through supporting the research and development of green technologies, promoting green manufacturing systems, and optimizing the layout of green industries, it effectively promotes the qualitative and quantitative improvement of industry. (New Society)
Edit:Yao jue Responsible editor:Xie Tunan
Source:Shanghai Securities News
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