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

Chinese software and info-tech sector reports revenue, profit growth in 2023

January 29, 2024


Abstract : China's software and information technology services industry raked in 12.33 trillion yuan (about 1.73 trillion U.S. dollars) in business revenues in 2023, up 13.4 percent year on year, with the growth rate increasing by 2.2 percentage points compared to that in 2022, latest government data showed.

A visitor interacts with a robot of SoftBank Group at the intelligent industry and information technology exhibition zone of the 6th China International Import Expo (CIIE) in east China's Shanghai, Nov. 7, 2023. (Xinhua/Zhang Jiansong)

BEIJING, Jan. 27 (Xinhua) -- China's software and information technology services industry raked in 12.33 trillion yuan (about 1.73 trillion U.S. dollars) in business revenues in 2023, up 13.4 percent year on year, with the growth rate increasing by 2.2 percentage points compared to that in 2022, latest government data showed.

In a report, the Ministry of Industry and Information Technology said that the number of firms in the sector with annual business revenues exceeding 20 million yuan exceeded 38,000 in 2023.

The sector's profitability remained stable during the past year, with gross profits totaling nearly 1.46 trillion yuan in 2023, up 13.6 percent year on year, and the profit growth rate increased by 7.9 percentage points compared to that in 2022, according to the data.

Exports in the software business segment stood at 51.42 billion U.S. dollars last year, down 3.6 percent.

Scan the QR code and push it to your mobile phone

Keyword: software profit growth information technology

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