Mine Equities Acquisition

High-end manufacturing on fast track

2022-12-29 11:04 6497 0

China's high-end manufacturing sector is on a fast development track with an increasing number of companies going public, gaining higher profits and expanding their footprints overseas, according to a report by the China Association for Public Companies on Monday.

High-end manufacturing, compared with traditional manufacturing that is labor-intensive, is more technology-focused and produces high value-added products, including semiconductors and electronics, the report said.

According to the report, the number of A-share-listed manufacturing companies reached 3,313 as of Dec 10, accounting for 65.5 percent of all A-share companies. Among them, the number of listed companies in the high-end manufacturing sector reached 2,121, accounting for 65 percent of listed manufacturing companies, up 69.7 percent from 1,250 at the end of 2017.