Technicians check product quality at a mold company in Botou, north China's Hebei Province, Sept. 24, 2025. In recent years, as one of the old industry bases in Hebei, Botou has witnessed its manufacturing processes converted to green and environmental friendly ones. At present, the city is home to over 300 casting companies, boasting an annual output of 26 billion yuan (about 3.65 billion U.S. dollars) by clustered players here. (Xinhua/Mu Yu)

Profit in high-tech manufacturing continued to grow in the first 11 months of this year, data from the National Bureau of Statistics (NBS) showed on Saturday, underscoring the sector's increasing role in driving China's economy. 

Profits of large-scale high-tech manufacturing enterprises increased by 10.0 percent year-on-year from January to November, accelerating by 2.0 percentage points compared with the January-October period. This growth rate was 9.9 percentage points higher than the average level of all industrial enterprises above the designated size.

In detail, profits in semiconductor device-specific equipment manufacturing grew by 97.2 percent, while profits in electronic components and electromechanical component equipment manufacturing rose by 46.0 percent. 

The rapid development of the aerospace industry has also driven substantial profit growth in related sectors. The aviation, aerospace, and related equipment manufacturing industry recorded a year-on-year increase of 13.3 percent, with profit increases of 192.9 percent in space-related equipment manufacturing and 36.3 percent in aviation-related equipment manufacturing.

The data came as the NBS said on Saturday that profits of China's major industrial firms, or those with an annual main business revenue of at least 20 million yuan ($2.85 million), increased 0.1 percent year-on-year in the first 11 months of 2025 to reach 6.63 trillion yuan.

From January to November, the profit growth rate of industrial enterprises above the designated size slowed down but maintained an upward trajectory since August, NBS statistician Yu Weining said.

Emerging growth drivers, represented by the equipment manufacturing and high-tech manufacturing sectors, sustained relatively rapid growth, facilitating the orderly transformation and upgrading of the industrial economy, Yu added. 

Global Times