Optical fiber manufacturing profits surged 5.3 times from January to August, driving the electronics industry's profit contribution rate to 62.0%

The National Bureau of Statistics released the latest data on September 28: From January to August, the total profits of industrial enterprises above designated size nationwide were 5.27198 billion yuan, a year-on-year increase of 15.7%. A "dark horse" emerged in the industry - optical fiber manufacturing, with profits increasing 5.3 times year-on-year.

"One thread" pulls the entire industry chain

Turning over the data, the profits of the optical communications industry chain "exploded" as a whole. Optical fiber manufacturing increased by 5.3 times, optical cable manufacturing increased by 1.0 times, optoelectronic device manufacturing increased by 72.0%, communication system equipment manufacturing increased by 48.7%, and electronic special materials manufacturing increased by 2.3 times. Zooming out: the overall profit of the electronics industry increased by 1.1 times year-on-year, contributing 62.0% to the profit growth of all industrial enterprises above designated size.

Why fiber optics?

An optical fiber transmits optical signals, but what it really supports is massive data.

In Wuhan, Hubei, a person in charge of an optical fiber company said that since the beginning of this year, the production line has been operating at full capacity, sales of some models have soared 3 to 5 times year-on-year, and orders have been scheduled for a year later.

Favorable policies boost the overall outbreak of the optical fiber industry

Data show that in the first eight months of this year, investment in the Internet and related service industries related to the "Six Networks" increased by 42% year-on-year.

Wei Qijia, a researcher at the National Information Center of the National Development and Reform Commission, said that by accelerating the construction of the "six networks" and forming physical workloads, and strengthening financial support for key areas such as technological transformation of enterprises, it has effectively promoted the improvement of corporate profits. This improvement is due to the two-way efforts on both sides of supply and demand, and is ultimately reflected in the industrial profit data, showing a good growth trend of steady progress.

From January to August, the profits of high-tech manufacturing enterprises above designated size increased by 54.7% year-on-year, 39.0 percentage points higher than the growth rate of all industrial enterprises above designated size. New driving forces have grown and grown, injecting strong impetus into the high-quality development of the industrial economy.