Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

Profit of China's software industry up 10.8 pct y-o-y in Q1-Q3

November 12, 2019


Abstract : China's software industry realized a profit of 651.8 billion yuan in the first three quarters, up 10.8 percent year on year, showing a stable development trend, announced the Ministry of Industry and Information Technology (MIIT) on Tuesday.

BEIJING, Nov. 12 (Xinhua) -- China's software industry realized a profit of 651.8 billion yuan in the first three quarters, up 10.8 percent year on year, showing a stable development trend, announced the Ministry of Industry and Information Technology (MIIT) on Tuesday.

Revenues of software business maintained a rapid growth, with 519.86 billion yuan completed in the first three quarters, up 15.2 percent year on year, which is 0.2 percentage points higher compared to the growth of year-earlier period, according to the statistics provided by the MIIT. 

The growth rate of software revenue of the whole industry in the first, second and third quarters was 14.4 percent, 15.5 percent and 15.6 percent, respectively, showing a quarterly increase.

In terms of exports, the software exports in the first three quarters reached 34.4 billion U.S. dollars, increasing 2.8 percent year on year, a growth slightly slower than the same period of last year. Among them, the export revenue of outsourcing services increased by 9.5 percent year on year, dropping by 2.7 percentage points from the first half of 2019, and that of embedded system software increased by 1.2 percent.

Data also show that the income from information technology services grew rapidly, especially that from technical services of e-commerce platforms. In the first three quarters, information technology services realized revenue of 3,067 billion yuan, posting a year on year increase of 17.2 percent. 

In a breakdown, the revenue of e-commerce platform technology service, big data, cloud service, and IC design service increased respectively by 30.2 percent, 22.0 percent, 12.9 percent and 12.7 percent year on year, while other information technology services (IT consulting and design, system integration, operation and maintenance, etc.) increased by 14.8 percent. (Edited by Li Wenxin, liwenxin@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: software industry business income

Reading:

China-Brazil trade set to reach new heights

JD Digits to cooperate with OneBank

China Focus: Faster logistics powers Singles' Day shopping

China's NEV sales post stable growth in Jan.-Oct.

Yili launches "Yili Future Intelligence and Health Valley" to promote health industry dev.

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial