Supply and demand linkage strengthens the electronics industry
2024-11-12
The semi annual report of the listed company has been disclosed, and the performance of the semiconductor, electronic components, consumer electronics, optical optoelectronics and other electronic industries has significantly improved in the first half of the year. In the first half of the year, 245 electronic industry companies in the Shenzhen Stock Exchange achieved a total revenue of 857.333 billion yuan, a year-on-year increase of 13.51%; The total net profit attributable to shareholders of the listed company was 35.116 billion yuan, a significant increase of 74.94% year-on-year. Data shows that the electronics industry is stabilizing and improving, and is expected to usher in a new upward cycle. The electronics industry is an important advanced manufacturing sector, serving as a crucial foundation for the development and growth of strategic emerging industries such as artificial intelligence, cloud computing, and the Internet of Things. It is also a fundamental support for the transformation and upgrading of traditional industries. China attaches great importance to the development of the electronics industry, and in recent years has formulated and issued multiple policy measures such as the "Opinions of the General Office of the State Council on Deepening the Reform of the Management System of the Electronic and Electrical Industry" and the "Action Plan for Stable Growth of the Electronic Information Manufacturing Industry in 2023-2024", providing strong support for the industry's development. According to Wande data, in the first half of 2024, the overall revenue of China's electronics industry increased by 15.0% year-on-year, ranking first in the industry; The net profit attributable to the parent company increased by 54.0% year-on-year, ranking third in the industry, and nearly 80% of the companies achieved profitability. In the near future, the electronics industry is expected to see a sustained positive trend, especially with the gradual maturity and widespread application of artificial intelligence big model technology, which is driving new growth points in the electronics industry. The latest report from the Semiconductor Industry Institute (SEMI) shows that global chip sales in the second quarter of 2024 increased by 27% year-on-year, and are expected to grow by 29% year-on-year in the third quarter. The application scenarios of artificial intelligence continue to expand, driving the demand for computing power to continue to rise and driving the industry into an upward cycle. From a policy perspective, there are two major factors driving the sustained recovery of the electronics industry in the future. One is to promote a faster increase in demand across the entire industry chain through the policy of exchanging old for new. In March of this year, the State Council issued the "Action Plan for Promoting Large scale Equipment Renewal and Consumer Goods Trade in". In July, the National Development and Reform Commission and the Ministry of Finance issued the "Several Measures to Strengthen Support for Large scale Equipment Renewal and Consumer Goods Trade in". The large-scale and comprehensive trade in of old for new will create huge market demand for multiple sub sectors of the electronics industry. The second is to continue promoting domestic substitution and expanding the development space of the electronics industry. Semiconductors, electronic components, optics and optoelectronics are related to national economic security. In recent years, China has carried out in-depth actions to strengthen the supply chain and accelerate the resolution of "bottleneck" technological problems. This means that domestic substitution will continue to be promoted from point to surface, from easy to difficult, and from easy to difficult. The industry will continue to increase research and development investment, seek technological breakthroughs, expand product categories, and China's electronics industry will usher in greater development space. Currently, the high-quality development of China's electronics industry also faces many challenges. From the perspective of the external environment, international competition remains fierce, and some countries continue to take actions such as "small courtyards and high walls" and "decoupling and chain breaking". The problem of key components and core technologies being "choked" in China has not been completely solved, which increases the uncertainty and security risks of industry development. From the perspective of the industry itself, problems such as insufficient supply of high-end talents, weak independent innovation capabilities, unreasonable industrial structure and uneven development, obvious product homogenization, and insufficient international market competitiveness are still prominent. The Third Plenary Session of the 20th Central Committee of the Communist Party of China clearly requires the improvement of the system and mechanism for developing new quality productive forces according to local conditions. The electronics industry is the key to cultivating and strengthening new quality productivity. It should strengthen supply and demand linkage through precise and coordinated policies, highlight the resolution of pain points and bottlenecks such as talent, technology, and products that restrict the development of the industry, and inject strong impetus into the high-quality development of the industry. Strengthen the linkage between supply and demand on the talent side. Improve incentive policy design, support enterprises to expand the scale of school enterprise joint training, vocational education, on-the-job training, etc., and give full play to the leading role of market demand in talent cultivation. Promote the interconnection and intercommunication of public service platforms between regions, facilitate the joint construction, sharing, and utilization of talents among different links and entities, and expand the available scale of innovative talents. At the same time, it is necessary to conduct in-depth research, widely solicit opinions and suggestions from enterprises, industry associations, and professional intermediaries, timely adjust the professional settings and training mechanisms of the higher education system, and continuously optimize the supply of talents. Strengthen the supply and demand linkage on the technology side. Continuously improve the management system of science and technology plans, ensure that enterprises and industry associations participate in the entire process of scientific and technological innovation, including guideline design, project bidding, and achievement evaluation, and improve the quality of scientific and technological achievements from the source. Further promote mechanisms such as "unveiling the list and leading the way", support leading enterprises and industry associations to build a collaborative innovation system with business entities as the core, and comprehensively achieve demand driven innovation and entrepreneurship. Focusing on the entire industry chain, improving the innovation policy system, guiding leading enterprises to create innovation platforms, accelerating the transfer and transformation of scientific and technological achievements, and promoting the deep integration of science and technology economy. Strengthen the supply and demand linkage on the product side. Develop the industrial Internet platform, realize dynamic interaction between supply and demand through the platform, promote the construction of a unified national market, and promote enterprises to continuously improve the supply capacity of differentiated products and services with demand feedback and scale effect. Actively promote government digital openness and sharing, accelerate the digital transformation of government, society, and traditional industries, create more application scenarios for digital technology, and strengthen its demand pull on various aspects of the electronics industry. We also need to accelerate the construction of networked, digital, and intelligent consumer infrastructure, and create favorable conditions for expanding domestic demand. (New Society)
Edit：Yao jue Responsible editor：Xie Tunan
Source：Economic Daily
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