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Ningbo firms rank among top 50 e-materials enterprises

chinadaily.com.cn| Updated:  June 14, 2019 L M S

电子信息产业.jpg

A technician adjusts electronic equipment at a company in Ningbo, Zhejiang province. [Photo.cnnb.com.cn]

Four companies based in Ningbo, Zhejiang province, were named on the recently published list of "2019 Top 50 Chinese Electronic Materials Enterprises", local media reported on June 14.

Ningbo, one of the most advanced manufacturing centers in China, boasts a strong electronics information manufacturing sector.

Total output of the city's electronics information manufacturing companies above the designated scale – companies with annual revenue of more than 20 million yuan ($2.89 million) – reached nearly 171 billion yuan last year, up 5 percent year-on-year. Officials said they accounted for one quarter of the province's total output during the period.

Ningbo has now formed a new information technology industrial ecosystem that features integrated circuits, auto electronics, optical electronics, intelligent terminals and electronic materials. 

In particular, the city's integrated circuits industry realized total output of 19.5 billion yuan last year, up 7.6 percent over the previous year, and the optical electronics industry delivered output worth 35.4 billion yuan, up 15.1 percent.

Officials said the rapid growth of Ningbo's electronics information manufacturing industry can be attributed to the city's increasing output in industrial R&D. 

Ningbo spent 5.03 billion yuan on R&D last year, a year-on-year increase of 12.5 percent.

The municipal government announced a plan last month to further develop the industry, to take the industry to 500 billion yuan in output in 2025, with average annual growth of 14 percent. 

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