SICC CO.(SH:688234) Qi Lu Wan Bao Wang·2025-08-14 00:27Core Insights - The article highlights the significant role of private enterprises in Shandong's economy, particularly in driving investment, trade, and consumption growth during the first half of the year [3][4][10]. Investment Growth - Private investment in Shandong increased by 0.9% year-on-year, outperforming the overall investment growth by 1.1 percentage points, accounting for 61.6% of total investment, an increase of 0.7 percentage points from the previous year [3]. - Major private investment projects, such as the 30 million tons/year UPC technology demonstration project by Dongming Petrochemical, are expected to contribute to the establishment of a high-end petrochemical industry cluster [3]. Trade Performance - Private enterprises in Shandong contributed significantly to foreign trade, with an import and export value of 1.31 trillion yuan, a growth of 7.7%, surpassing the overall provincial growth rate by 0.9 percentage points [4]. - The number of private enterprises engaged in foreign trade exceeded 60,000, with private enterprises accounting for 76.1% of Shandong's foreign trade, including 78.1% of exports and 72.9% of imports [4]. Industrial Development - The industrial added value of private enterprises in Shandong grew by 10.1%, outpacing the overall industrial growth by 2.4 percentage points, indicating a robust performance in the industrial sector [7]. - High-end manufacturing exports from private enterprises reached 34.93 billion yuan, a growth of 58.9%, with significant increases in exports of ships, electric vehicles, and machine tools [7]. Consumption and Employment - The retail sales of consumer goods in Shandong increased by 5.6%, with private enterprises playing a crucial role in implementing consumption upgrade policies [10]. - The province saw the addition of 658,000 urban jobs, with private enterprises contributing significantly to employment stability and income growth, as the per capita disposable income reached 22,592 yuan, a nominal increase of 5.3% [11].