南方财经记者程浩 东莞报道 10月27日，东莞市统计局公布了今年前三季度的经济运行情况。在复杂严峻的国内外形势下，东莞经济 再次展现了其强劲的发展韧性和增长潜力。 数据显示，今年前三季度，东莞市地区生产总值达9318.93亿元，同比增长4.5%。其中，东莞外贸进出 口总额11650.2亿元，同比增长14.4%，增速居全省首位。东莞经济顶住压力，生产供给增长稳定，进出 口保持较快增长，新动能发展向好，推动经济实现平稳运行。同时也要看到，当前经济运行仍面临不少 风险挑战，外部不稳定不确定因素较多，经济回升向好基础仍需加力巩固。 当下正在举办的第138届广交会也充分印证了上述数据。东莞的210家参展企业中，涵盖高新技术、专精 特新、单项冠军等领域的先进制造企业达141家，占比67.1%。 从数据来看，外贸、投资、产业等多重结构持续深度调整，东莞经济展现了十足的韧性，特别是前三季 度东莞外贸数据表现亮眼，进出口规模创历史同期新高，外贸增速在广东省内主要外贸城市中位列第 一。 随着先进制造业投资增速加快、新动能产业不断壮大，东莞工业结构正经历根本性变革，以科技创新驱 动产业升级，推动新质生产力正成为高质量发展的核心引擎 ...

每经记者｜徐肖逍 每经编辑｜文多 10月24日的资阳市雁江区堪嘉镇上，一片长30米、重约106吨的箱梁稳稳落在指定位置，这标志着成渝高速公路扩容项目全线首片预制箱梁架设成功。 作为四川省首条高速公路，成渝高速公路建成至今已有30年，在很多人记忆中，它是"路窄""弯多""坡陡""速慢"的代名词。随着扩容工程的建成，这些问题 将迎刃而解。 成渝高速扩容工程的启动实施，正是受益于成渝地区双城经济圈建设。 2021年10月，中共中央、国务院印发《成渝地区双城经济圈建设规划纲要》，要求把这一经济圈建设成为"具有全国影响力的重要经济中心、科技创新中 心、改革开放新高地、高品质生活宜居地"。在此背景下，成渝高速扩容工程等一大批重大项目启动建设。 5年来，成都始终牢记自身使命，在持续加强极核城市建设的同时，持续推动成德眉资同城化发展，强化与重庆主城区的双核联动联建，助力唱好"双城 记"。 成渝高铁早已开启公交化运营 图片来源：每经记者 张建 摄（资料图） 做强极核：持续当好"双扇面"枢纽 2024年9月，国务院批复《成都市国土空间总体规划（2021~2035年）》，明确了成都"西部经济中心、西部科技创新中心、西部对外交往中心 ...

10月27日，东莞市统计局公布2025年前三季度东莞经济运行情况。东莞市统计局方面表示，今年前三季 度，东莞坚持稳中求进工作总基调，扎实推动高质量发展，推动各项政策持续落地见效，生产供给增长 稳定，进出口保持较快增长，新动能发展向好，全市经济顶住压力，经济运行总体平稳。 根据广东省地区生产总值统一核算结果，2025年前三季度，全市地区生产总值9318.93亿元，按不变价 格计算，同比增长4.5%。其中，第一产业增加值23.51亿元，同比增长4.3%；第二产业增加值5194.46亿 元，同比增长4.5%；第三产业增加值4100.97亿元，同比增长4.4%。 农业生产形势较好 农产品供给充足 前三季度，全市社会消费品零售总额3189.62亿元，同比增长2.0%。按消费类型分，餐饮收入同比增长 2.2%，商品零售同比增长1.9%。消费品以旧换新政策持续显效，限额以上单位通讯器材类、家具类、 建筑及装潢材料类商品零售额分别同比增长71.6%、67.8%、28.5%；部分基本生活类商品销售增势较 好，限额以上单位粮油、食品类，五金、电料类商品零售额分别同比增长53.5%、48.0%。线上消费较 快增长，限额以上单位通过 ...

Core Insights - In September, China's total electricity consumption reached 888.6 billion kWh, marking a year-on-year increase of 4.5%. For the first three quarters, total electricity consumption accumulated to 7,767.5 billion kWh, with a growth of 4.6% year-on-year [1] - The third quarter saw a significant electricity consumption of 2.9 trillion kWh, driven by high temperatures in July and a recovering macroeconomic environment, leading to increased industrial capacity [1] - The second industry contributed 51% to the total electricity consumption growth in the third quarter, with a year-on-year increase of 5.1% [1] Industry Performance - The industrial electricity consumption in the third quarter grew by 5.4%, an increase of 2.3 percentage points compared to the second quarter. Manufacturing electricity consumption also rose by 5.2%, up by 3.2 percentage points from the previous quarter [2] - The third industry experienced a robust growth in electricity consumption, with an 8.3% year-on-year increase in the third quarter, driven by policies promoting consumption and the rapid development of new infrastructure [2] - Notable growth was observed in sectors such as information transmission, software, and IT services, with electricity consumption increasing by 33.8% year-on-year, and the electric vehicle charging services sector saw a remarkable growth of 49.6% [2] Quarterly Trends - Year-on-year growth rates for total electricity consumption were 2.5% in Q1, 4.9% in Q2, and 6.1% in Q3, indicating a consistent upward trend throughout the year [3]

分产业看，9月，第一产业用电量129亿千瓦时，同比增长7.3%；第二产业用电量5705亿千瓦时，同比 增长5.7%；第三产业用电量1765亿千瓦时，同比增长6.3%；城乡居民生活用电量1287亿千瓦时，同比 下降2.6%。 在蒋德斌看来，三季度用电特征还包括服务业用电量保持平稳快速增长，夏季高温天气拉动城乡居民生 活用电量规模创新高。在国家"两新""两重"促消费等一系列政策拉动下，第三产业用电量保持平稳快速 增长。前三季度，第三产业用电量同比增长7.5%。三季度，第三产业用电量同比增长8.3%。新能源汽 车以及充电桩、5G等新型基础设施建设快速发展，拉动信息传输/软件和信息技术服务业、批发和零售 业三季度用电量快速增长，同比增速分别为18.3%、11.7%。其中，在移动互联网、大数据、云计算等 快速发展带动下，互联网和相关服务业三季度用电量同比增长33.8%；电动汽车保持高速发展，充换电 服务业用电量同比增长49.6%。受高温因素拉动，交通运输/仓储和邮政业、住宿和餐饮业等行业三季度 用电量表现亮眼，分别增长7.2%和5.1%。 根据气象数据，今年三季度全国平均气温较常年同期偏高，为历史次高（上年为历史最高） ...

Core Insights - In September, China's total electricity consumption reached 888.6 billion kWh, marking a year-on-year increase of 4.5% [1][3] - From January to September, total electricity consumption accumulated to 7,767.5 billion kWh, with a year-on-year growth of 4.6% [1][3] - The third quarter saw a total electricity consumption of 2.9 trillion kWh, with significant monthly increases, indicating a new phase in energy consumption scale [1][3] Electricity Consumption by Sector - In September, electricity consumption by sector showed varied growth: primary industry at 12.9 billion kWh (7.3% increase), secondary industry at 5,705 billion kWh (5.7% increase), and tertiary industry at 1,765 billion kWh (6.3% increase) [3][4] - Urban and rural residential electricity consumption decreased by 2.6% to 128.7 billion kWh [3][4] - The secondary industry contributed significantly to the overall growth, with a 5.1% increase in the third quarter, accounting for 51% of total electricity consumption growth [4] Policy Impact and Industrial Recovery - Government policies have positively influenced the recovery of the secondary industry, with a notable increase in electricity consumption due to various industry stabilization plans [4] - High-energy-consuming industries saw a 3.2% increase in electricity consumption in the third quarter, driven by traditional peak seasons and recovery in production [4] - High-tech and equipment manufacturing sectors experienced a 9.5% increase in electricity consumption, surpassing the average growth rate of the manufacturing sector [4] Tertiary Industry Performance - The tertiary industry maintained robust growth, with a 7.5% year-on-year increase in electricity consumption for the first three quarters and an 8.3% increase in the third quarter [5] - New infrastructure developments, such as electric vehicles and 5G, significantly boosted electricity consumption in information transmission and retail sectors, with growth rates of 18.3% and 11.7% respectively [5] - The internet and related services saw a remarkable 33.8% increase in electricity consumption, while electric vehicle charging services surged by 49.6% [5] Regional Electricity Consumption Trends - Electricity consumption growth varied significantly across regions, with provinces like Hainan (18.6%), Tibet (15.4%), and Jilin (14.9%) showing the highest increases in September [6] - In the third quarter, Tibet (14.7%), Jilin (11.9%), and Hebei (11.7%) led in electricity consumption growth [6] - High temperatures during the summer contributed to record levels of residential electricity consumption, exceeding 500 billion kWh in the third quarter [6] Residential and Manufacturing Sector Insights - Urban and rural residential electricity consumption grew by 5.6% in the first three quarters, with a 6.4% increase in the third quarter [7] - Several provinces, including Tibet and Jilin, reported manufacturing electricity consumption growth exceeding 5%, with Tibet achieving a remarkable 25.8% increase [7]

Core Insights - In September, the total electricity consumption reached 888.6 billion kWh, marking a year-on-year increase of 4.5% [2] - The secondary industry's electricity consumption was 570.5 billion kWh, with a year-on-year growth of 5.7%, indicating a significant rebound [2] - The third industry's electricity consumption in September was 176.5 billion kWh, showing a year-on-year increase of 6.3% [3] Group 1: Electricity Consumption Trends - The total electricity consumption for the third quarter increased by 5.1% year-on-year, with the secondary industry contributing 51.0% to this growth [2] - Industrial electricity consumption grew by 5.4% year-on-year in the third quarter, an increase of 2.3 percentage points from the second quarter [2] - Manufacturing electricity consumption rose by 5.2% year-on-year in the third quarter, up by 3.2 percentage points from the previous quarter [2] Group 2: Sector-Specific Growth - The rapid development of new energy vehicles and charging infrastructure has significantly boosted electricity consumption in the information transmission/software and IT services sectors, which grew by 18.3% and 11.7% respectively in the third quarter [3] - The internet and related services sector saw a remarkable year-on-year growth of 33.8% in electricity consumption during the third quarter [3] - The electric vehicle charging services sector experienced a staggering year-on-year increase of 49.6% in electricity consumption [3]

Core Viewpoint - The implementation of the "Ten Key Industries Stabilization Growth Plan" aims to provide a clear roadmap for the industrial economy's stability and transformation, focusing on ten key sectors that account for approximately 70% of the industrial economy [1] Group 1: Policy Framework - The plan emphasizes a dual approach of supply and demand, establishing a systematic policy framework to address structural challenges through the elimination of outdated capacity and optimization of industrial structure [2] - Specific measures are tailored to different industries, such as promoting upgrades in the electronic information manufacturing sector and focusing on new energy and smart grid equipment in the power equipment sector [2] Group 2: Technological Innovation - The plan prioritizes technological innovation and quality improvement, outlining differentiated innovation paths for various industries, including smart manufacturing in machinery and green products in light industry [3] - A complete industrial ecosystem is established across the ten industries, facilitating the incubation and application of new technologies and models, thereby enhancing overall competitiveness [3] Group 3: Systemic Effects and Industry Chain Collaboration - The plan highlights the importance of systemic effects and collaboration within the industry chain, where the interconnected nature of these industries can create a ripple effect, enhancing technological progress and cost reduction across related sectors [4] - The comprehensive implementation of the stabilization growth plan is expected to usher in a new strategic development opportunity for the ten key industries, contributing to both current economic stability and long-term industrial development [4]

Core Viewpoint - The implementation of the "Ten Key Industries Stabilization Growth Plan" aims to provide a clear roadmap for the industrial economy's stability and transformation, focusing on ten key sectors that account for approximately 70% of the industrial economy [1][3]. Group 1: Policy Framework - The plan emphasizes a dual approach of supply and demand, establishing a systematic policy framework to address structural challenges through the elimination of outdated capacity and optimization of industrial structure [3][4]. - Specific measures are tailored to different industries, such as promoting upgrades in the electronic information manufacturing sector and focusing on new energy and smart grid equipment in the power equipment sector [3][4]. Group 2: Technological Innovation and Quality Improvement - The plan prioritizes technological innovation and quality enhancement, outlining differentiated innovation paths for various industries, such as advancing smart manufacturing in machinery and developing green products in light industry [4][5]. - A complete industrial ecosystem is being constructed across the ten industries, facilitating the incubation and large-scale application of new technologies and models, which will enhance overall competitiveness [4][5]. Group 3: Systemic Effects and Industry Chain Collaboration - The plan highlights the importance of systemic effects and collaboration within the industry chain, where the long chains and high interconnectivity of these industries can create a ripple effect across related sectors [5][6]. - The healthy development of the electronic information manufacturing sector can drive technological advancements and cost reductions in related industries like photovoltaics and lithium batteries [5][6]. Group 4: Long-term Development and High-Quality Growth - The comprehensive implementation of the stabilization growth plan is expected to usher in a new strategic development opportunity for the ten key industries, impacting both current economic stability and the long-term development of China's industrial system [6]. - By balancing stabilization and structural adjustment, the plan aims to promote the coordinated development of traditional industry upgrades and emerging industry cultivation, moving towards high-quality development [6].

Group 1 - The core conclusion indicates that the performance forecasts for Q3 2025 in the electronics and basic chemicals sectors are promising, with over 10 companies expecting a year-on-year profit growth exceeding 30% [1][9] - The electronics sector is expected to maintain high growth due to the AI wave, which is driving new demand for AI inference [1][12] - The basic chemicals sector is experiencing structural improvements due to supply constraints and demand support, with some industries already showing signs of recovery [1][24] Group 2 - As of October 15, 2025, the overall disclosure rate for Q3 2025 earnings forecasts across all A-shares is approximately 2.83%, with a positive forecast rate of about 83.06% [2][33] - Among the disclosed companies, the median year-on-year net profit growth rate is 71.2%, while the overall method shows a growth rate of 65.6% [2][45] - The sectors with the highest expected profit growth include non-ferrous metals (165.2%), agriculture, forestry, animal husbandry, and fishery (213.7%), and media (753.9%) [45][48] Group 3 - In the upstream materials sector, significant growth is noted in industrial metals (2150.1%), new metal materials (298.8%), and minor metals (365.7%) [3][48] - The midstream manufacturing sector shows high growth rates in batteries (130.8%), wind power equipment (212.7%), and other electronics (111.6%) [3][51] - In the downstream consumption sector, notable growth is observed in agricultural product processing (372.8%), chemical pharmaceuticals (251.4%), and gaming (753.9%) [3][48] Group 4 - The sectors with the highest positive forecast rates for Q3 2025 include comprehensive services, non-bank financials, and social services, all at 100% [1][41] - Conversely, the sectors with the lowest positive forecast rates include building materials, coal, and beauty care [1][41] - The report highlights that the electronics industry is benefiting from a strong demand for AI-related hardware, with significant growth in the electronic information manufacturing sector [12][18]