Core Viewpoint - The electronic information manufacturing industry is undergoing a transformation driven by disruptive technological breakthroughs and collaborative innovation, reshaping production and lifestyle in society [1] Market Demand - Consumption Upgrade, Industrial Transformation - The demand in the electronic information manufacturing industry is increasingly diverse and complex, with consumption upgrades and industrial transformations as key guiding directions [2] - The consumer electronics sector, particularly smartphones and wearable devices, is experiencing continuous growth and upgrades, with enhanced performance requirements leading to significant advancements in processing technology and camera capabilities [2] - Industry applications, especially in automotive electronics and industrial internet, show strong demand for electronic information manufacturing products, with advanced driver-assistance systems (ADAS) and industrial robots requiring high-performance chips and sensors [3] - Emerging technology fields, such as quantum computing and space exploration, are creating new demands for specialized electronic components that can operate under extreme conditions [3] Technological Innovation - Breaking Bottlenecks, Fusion Development - Hardware technology breakthroughs are evident in chip manufacturing processes, transitioning from micron to nanometer processes, significantly enhancing chip integration and performance [4] - Software innovation is marked by the application of artificial intelligence algorithms in various fields, improving functionalities in smartphones and industrial internet applications [5] - The trend of hardware and software collaboration is emerging, particularly in the Internet of Things (IoT) and smart automotive sectors, optimizing resource allocation and data processing efficiency [6] Industry Competition - Technological Leadership, Strategic Layout - Intense competition exists between industry giants and emerging companies in the electronic information manufacturing sector, with established players like Intel and Apple maintaining significant market positions through innovation and brand influence [7] - National policies are shaping the development of the electronic information industry, with regions like Shenzhen and the Yangtze River Delta in China playing crucial roles in the global supply chain [8] - Intellectual property and standard-setting have become focal points of competition, with companies like Huawei and ZTE actively participating in the formulation of 5G standards to enhance their market influence [9]

Macro Dynamics - The National Development and Reform Commission has announced a reduction in credit service fees, with the standard fee for querying corporate credit reports set at 9 yuan and personal credit reports at 1 yuan. Discounted rates apply to 11 types of financial institutions, with corporate reports costing 4.5 yuan and personal reports 0.5 yuan [1] Industry Data - The Ministry of Industry and Information Technology reported that from January to April 2025, the added value of the electronic information manufacturing industry increased by 11.3% year-on-year, outperforming the overall industrial growth by 4.9 percentage points [3] - The cumulative export delivery value of the electronic information manufacturing industry from January to April 2025 grew by 4.5% year-on-year, although it saw a decline of 2.7% in April [3] - In April 2025, the domestic smartphone shipment reached 25.038 million units, marking a year-on-year increase of 4.0%. Among these, 5G smartphones accounted for 79.4% of the total shipments, although their shipment decreased by 1.7% year-on-year [5][4] Financial Institutions - The former president of the Zhejiang branch of the Industrial and Commercial Bank of China, Shen Rongqin, is under investigation for serious violations of discipline and law [8] Market Data - On May 30, the A-share market saw declines across major indices, with the Shanghai Composite Index down by 0.47% and the Shenzhen Component Index down by 0.85%. The total trading volume was approximately 1.139 trillion yuan, a decrease of about 46.243 billion yuan from the previous trading day [9] - In the Hong Kong market, the Hang Seng Index fell by 1.2%, and the Hang Seng Tech Index dropped by 2.48%, with consumer and technology stocks leading the declines [12] Company Dynamics - Lü Zhiqiang has been appointed as the chairman and party secretary of China First Heavy Industries Group Co., Ltd., while also being relieved of his position as general manager [13] - Yonghui Supermarket and its legal representative Zhang Xuansong have been restricted from high consumption due to failure to comply with a court order related to a service contract dispute [14] - Zong Fuli has officially taken over as the legal representative and chairman of Wahaha Group, succeeding Zong Qinghou [15] - Douyin Group has established a short drama copyright center to enhance copyright management and support quality creators [16]

Production Growth - The electronic information manufacturing industry in China saw a steady production increase, with a year-on-year growth of 11.3% in the first four months of 2025, outperforming the overall industrial and high-tech manufacturing sectors by 4.9 and 1.5 percentage points respectively [1] - In April, the added value of the electronic information manufacturing industry grew by 10.8% year-on-year [1] - Key products included 105 million microcomputer devices produced (up 4.7% year-on-year), 454 million mobile phones (down 6.8% year-on-year), and 150.9 billion integrated circuits (up 5.4% year-on-year) [1] Export Fluctuations - The cumulative export delivery value of the electronic information manufacturing industry increased by 4.5% year-on-year in the first four months, but this was a decline of 2.6 percentage points compared to the first quarter [2] - In April, the export delivery value decreased by 2.7% year-on-year [2] - Notable export figures included 43.84 million laptops (down 0.4% year-on-year), 22.4 million mobile phones (down 7.1% year-on-year), and 106.3 billion integrated circuits (up 20% year-on-year) [2] Profitability Recovery - The electronic information manufacturing industry achieved a total operating revenue of 5.12 trillion yuan, a year-on-year increase of 10.1%, with operating costs rising by 10.3% to 4.5 trillion yuan [3] - Total profit reached 159.7 billion yuan, reflecting an 11.6% year-on-year growth, with an operating revenue profit margin of 3.1%, up 0.4 percentage points from the first quarter [3] - In April, the operating revenue was 1.34 trillion yuan, marking an 8.4% year-on-year increase [3] Investment Trends - Fixed asset investment in the electronic information manufacturing industry grew by 9% year-on-year in the first four months, which is a decline of 1.5 percentage points compared to the first quarter [4] - This growth rate was 2.7 percentage points lower than the overall industrial investment growth but 0.2 percentage points higher than the manufacturing sector's investment growth [4] Regional Performance - In the first four months, the eastern region's electronic information manufacturing industry generated 3.6546 trillion yuan in revenue, a 12.6% year-on-year increase, though down 0.3 percentage points from the first quarter [5] - The central region reported 827 billion yuan in revenue, up 10.3% year-on-year, also a decline of 0.8 percentage points from the first quarter [5] - The western region experienced a revenue drop of 3.3% year-on-year, totaling 612.9 billion yuan, down 2 percentage points from the first quarter [5] - The northeastern region's revenue was 27.92 billion yuan, reflecting a 3.5% year-on-year increase, down 0.8 percentage points from the first quarter [5]

数据要素市场支撑体系持续深化。全国数据标准化技术委员会近期启动征集六大重点方向标准及技术文 件的验证试点单位，旨在强化数据基础设施支撑能力。地方层面，广东省在《数字广东建设2025年工作 要点》中提出具体举措，包括组建省级数据集团公司、开展数据产权登记试点等，以加速推动数据要素 市场体系化建设进程。 1.国家数据局：正研究制定培育全国一体化数据市场政策文件 5月26日，国家数据局局长刘烈宏围绕培育全国一体化数据市场召开了座谈会。会议强调，国家数据局 正在研究制定培育全国一体化数据市场的政策文件，要结合数据市场发展的新特点，培育数据市场生 态，汇聚各方力量加快数据市场建设。会议提出，要大力推动数据要素市场化价值化，让数据要素价值 加快"显性化"。 南财数据点评：国家数据局已多次部署培育壮大全国一体化数据市场。国家数据局局长刘烈宏此前撰文 表示，2025年将着力培育壮大全国一体化数据市场。其中提出，将细化数据流通交易规则，推动发布数 据流通交易标准示范合同。推进数据资源化和产品化，建立数据产品质量监督管理机制。日前，国家数 据局综合司印发的《数字中国建设2025年行动方案》提出，要以数据要素市场化配置改革为主线， ...

截至2025年5月29日 09点30分，中证大数据产业指数上涨0.06%，成分股千方科技上涨1.74%，新点软件上涨0.76%，紫光股份上涨0.55%，拓维信息上涨 0.51%，中国软件上涨0.45%。数据ETF（516000）上涨0.34%，最新价报0.88元。拉长时间看，截至2025年5月28日，数据ETF近1年累计上涨31.98%，领 涨同类。 数据ETF（516000）及其联接基金（A类：020335；C类：020336；D类：023779）紧密跟踪中证大数据产业指数，成分股主要聚焦DeepSeek、AI算力、 鸿蒙产业链等热门概念板块，覆盖科大讯飞、中科曙光、浪潮信息、恒生电子等热门个股，为投资者把握算力领域投资机会。 流动性方面，数据ETF盘中换手3.04%，成交1264.11万元。拉长时间看，截至5月28日，数据ETF近1年日均成交1707.12万元。 份额方面，数据ETF最新份额达4.72亿份，创近1月新高。 资金流入方面，数据ETF最新资金净流入352.48万元。拉长时间看，近10个交易日内有6日资金净流入，合计"吸金"1986.37万元，日均净流入达198.64万 元。 消息面上，工信部、 ...

Core Viewpoint - The Ministry of Industry and Information Technology, the National Development and Reform Commission, and the National Data Bureau have issued a plan to enhance the research and development of key technologies for digital transformation in the electronic information manufacturing industry, emphasizing the adoption of a "ranking mechanism" to drive innovation [1] Group 1: Key Technology Development - The plan aims to promote breakthroughs in critical common technologies such as high-precision and high-speed industrial control, intelligent equipment integration, complex system simulation, non-destructive testing, and reliability management [1] - The focus is on improving system and software levels in areas like Equipment Automation Programming (EAP), Electronic Design Automation, PCB Design, Product Lifecycle Management, Manufacturing Execution, Quality Management, and Intelligent Root Cause Analysis [1] Group 2: Key Equipment and Systems - The initiative includes the development of key industrial control devices and systems such as intelligent industrial control computers, industrial intelligent sensing devices, medium and large programmable logic controllers (PLC), and Supervisory Control and Data Acquisition (SCADA) systems [1] - It also emphasizes the creation of intelligent equipment, industrial software, and system solutions to support the digital transformation [1]

Economic Overview - Dongguan's economy showed stable performance in the first four months of 2025, with industrial production and foreign trade demonstrating strong results [1][2] - The industrial added value for Dongguan's large-scale industries increased by 6.4% year-on-year [1] - New momentum industries, including advanced manufacturing and high-tech manufacturing, saw added value growth of 9.0% and 10.3% respectively [2] Industrial Performance - In April, the industrial added value for Dongguan's large-scale industries grew by 6.3% year-on-year [1] - Key industries such as electronic information manufacturing, electrical machinery and equipment manufacturing, chemical manufacturing, and packaging printing experienced significant growth, with increases of 10.1%, 10.8%, 13.2%, and 6.6% respectively [1] Foreign Trade - Dongguan's total foreign trade import and export value reached 4863.5 billion yuan in the first four months, marking a year-on-year increase of 19.4% [2] - Imports totaled 1947.5 billion yuan, up 32.6%, while exports were 2916.0 billion yuan, increasing by 11.9% [2] - In April, the total foreign trade value grew by 14.7% year-on-year [2] Investment Trends - Fixed asset investment in Dongguan decreased by 14.0% year-on-year in the first four months, indicating pressure on investment [2] - Infrastructure investment rose by 8.6%, while industrial investment fell by 3.2%, with the decline narrowing by 4.7 percentage points compared to the first quarter [2] - Real estate development investment saw a significant decline of 36.6% [2] - The structure of investment continued to optimize, with industrial investment accounting for 54.6% of the total, an increase of 6.0 percentage points year-on-year [2] Consumer Market - The consumer market in Dongguan showed signs of recovery, with total retail sales of consumer goods reaching 1496.87 billion yuan, a year-on-year increase of 4.0% [3] - Dining revenue grew by 2.2%, while retail sales of goods increased by 4.3% [3] - Online consumption was notably active, with retail sales through public networks increasing by 35.2% year-on-year [3] - In April, the total retail sales of consumer goods rose by 8.5% year-on-year [3]

Economic Overview - Dongguan's economy showed overall stability in the first four months of 2025, adhering to a principle of seeking progress while maintaining stability and promoting high-quality development [2] Industrial Production - The industrial added value of enterprises above designated size increased by 6.4% year-on-year in the first four months. Key industries such as electronic information manufacturing, electrical machinery and equipment manufacturing, chemical manufacturing, and packaging and printing saw increases of 10.1%, 10.8%, 13.2%, and 6.6% respectively [3] - New momentum industries performed well, with advanced manufacturing and high-tech manufacturing increasing by 9.0% and 10.3% year-on-year respectively. High-tech product output growth was significant, with servers, sensors, integrated circuits, and smartwatches increasing by 292.6%, 79.1%, 75.3%, and 28.6% respectively [3] Foreign Trade - The total foreign trade import and export volume reached 486.35 billion yuan, a year-on-year increase of 19.4%. Imports were 194.75 billion yuan, up 32.6%, while exports were 291.6 billion yuan, up 11.9% [4] Consumer Market - The total retail sales of social consumer goods amounted to 149.687 billion yuan, growing by 4.0% year-on-year. Notable growth was seen in furniture (113.6%), communication equipment (75.3%), building materials (38.2%), and cultural office supplies (22.8%) [5] - Online consumption was active, with retail sales through public networks increasing by 35.2% year-on-year [5] Fixed Asset Investment - Total fixed asset investment decreased by 14.0% year-on-year. Infrastructure investment grew by 8.6%, while industrial investment fell by 3.2% and real estate development investment dropped by 36.6% [6] - The structure of investment continued to optimize, with industrial investment accounting for 54.6% of the total, an increase of 6.0 percentage points year-on-year [6] Fiscal and Financial Performance - General public budget revenue reached 29.072 billion yuan, a year-on-year increase of 3.1%, while expenditure was 34.906 billion yuan, up 0.1% [7] - By the end of April, the balance of deposits in financial institutions was 2.853728 trillion yuan, growing by 6.6% year-on-year, with household deposits increasing by 11.7% [7] Consumer Price Index - The Consumer Price Index (CPI) decreased by 1.0% year-on-year, with a trend of "seven declines and one increase" across eight categories of goods and services [8] - In April, the CPI fell by 1.1% year-on-year [8]

21世纪经济报道记者 周妙妙 深圳报道 5月18日，中国证券监督管理委员会原主席肖钢在2025年清华五道口全球金融论坛表示，今年一季度我 国数字经济持续保持良好发展态势。其中数字经济核心产业增势良好，增长速度保持在10%以上（两位 数增长）。 他介绍，从数字制造业增加值情况来看，数字制造业同比增长了11.5%，高于同期工业和高技术制造业 增幅；从数字服务业增加值情况看，如信息传输、软件和信息技术服务业的增加值的同比增长也达到了 两位数。 同时，数字经济投资也实现了高增长。在固定资产投资中，数字经济核心产业投资增速也实现了两位数 增长，特别是电子信息制造业、信息服务业的投资分别增长了10.1%和10.5%。 数字消费也实现稳中有升。肖钢介绍，当前数字产业和数字消费已经形成了供需协同局面，数字技术的 协同发展，不断推动着数字消费场景的拓展。如网上食品消费的增长快于整个消费增长，特别是今年以 来，以旧换新模式快速发展，进一步拉动了线上消费。由于数字技术不断创新，消费场景和体验得以改 善。通过互联网、人工智能、元宇宙等构建"内容+体验"的新场景不断涌现，也极大促进了数字消费的 发展。 从区域分布、企业总量来看，东部地 ...

北京商报讯（记者 金朝力 实习生 芦春阳）北京商报记者从工业和信息化部了解到，2025年一季度，我 国数字产业蓬勃发展，交出亮眼成绩单，多项关键指标增速加快，新动能持续释放，为经济高质量发展 注入强劲动力。 一季度，数字产业实现业务收入8.5万亿元，同比增长9.4%，增速较上年同期提升4.4个百分点；利润总 额达5721亿元，同比增长7.0%。制造业和服务业板块均保持稳定增长态势，展现出强大的发展韧性与 活力，规模与效益双提升，产业发展韧性尽显。 全国24个省份数字产业收入实现正增长，其中10个省份增速超两位数。东部和中部地区增速分别达 10.2%和9.7%，较去年同期显著提升。广东、江苏等数字产业前10大省份合计贡献全国80.7%的收入， 对行业增长贡献率高达90.8%，成为拉动全国数字产业增长的主力军。 截至3月底，全国5G基站总数达439.5万个，5G - A网络升级蹄疾步稳；10G PON端口超2925万个，86个 城市启动万兆光网试点。全国算力中心标准机架数突破900万，5G虚拟专网广泛覆盖工业、能源等重点 领域，工业互联网标识解析体系接入企业超50万家，为数字经济发展夯基垒台。 其中重点行业亮点纷 ...