SIASUN(SZ:300024) Xin Jing Bao·2025-08-20 09:41Economic Overview - The total economic output of the Yangtze River Delta (YRD) region reached 16.39 trillion yuan in the first half of 2025, accounting for 24.8% of the national total, an increase of 0.1 percentage points year-on-year [4][5]. - The economic growth rates for Shanghai, Jiangsu, Zhejiang, and Anhui were 5.1%, 5.7%, 5.8%, and 5.6% respectively, with Jiangsu having the largest total output at 6.7 trillion yuan [4][5]. Service Sector Growth - The service sector's contribution to GDP in the YRD surpassed 60% for the first time, with Shanghai's service sector accounting for nearly 80% of its GDP [8][5]. - The modern service industry, particularly information technology and digital economy sectors, has become a key growth driver, with Shanghai's information service revenue growing by 20.4% year-on-year [8][9]. Manufacturing Sector Dynamics - The manufacturing sector in the YRD showed strong growth, with industrial output increasing by 7.4%, 7.6%, and 8.4% in Jiangsu, Zhejiang, and Anhui respectively, all exceeding the national average of 6.2% [12]. - The region's high-tech manufacturing, particularly in electric vehicles and industrial robots, has seen significant growth, with Anhui's industrial robot production increasing by 93.3% [21][12]. Automotive Industry Performance - The YRD accounted for 28% of the national automotive production, with Anhui leading in new energy vehicle production, contributing 34.6% of the national output [16][12]. - The automotive export volume from Anhui surpassed that of Shanghai, reaching 46.1 million units, with the total automotive export value from the YRD increasing by 18.8% [17][16]. Investment Trends - Fixed asset investment in the YRD showed varied performance, with Shanghai growing by 6.2%, while Jiangsu, Zhejiang, and Anhui lagged behind the national average [26][30]. - Infrastructure and industrial investments increased significantly, with Shanghai's industrial investment growth reaching 19.8% [30][31]. Private Sector Contributions - The private sector remains a crucial component of the YRD economy, with significant contributions to industrial output and exports, particularly in Jiangsu and Zhejiang [33]. - Recent policies aimed at supporting private enterprises are expected to enhance their role in driving high-quality economic development in the region [33].