In Q1 this year, the industrial economy of Huai'an City continued its steady and positive development trend of last year. The added value of industries above the designated size increased by 9.1%, 0.9 percentage points higher than that of the whole province. It marks that Huai'an has achieved a good start and continued its role as a "ballast" of the economy.

In Q1, the city's industrial output value above the designated size increased by 9.5% year-on-year, and the growth rate of seven counties and districts reached double digits. The total industrial invoicing sales increased by 8.9% year-on-year. The fixed-asset investment above the designated size achieved a year-on-year increase of 5.4%, with industrial investment rising by 19.6% and the electricity consumption in the industrial sector increasing by 8.4%.

Key industries are developing robustly. In Q1, the nine major industries continued their overall growth trend. Notably, the electrical machinery and equipment manufacturing industry, the chemical raw materials and chemical products manufacturing industry, and the computer, communication, and other electronic equipment manufacturing industry, all with large total volumes and strong driving forces, achieved the output value growth rate of 10.5%, 7.8%, and 21.5%, respectively. The wine, beverage, and refined tea manufacturing industry, general equipment manufacturing industry, and metal products industry maintained rapid growth of more than 15%. The agricultural and sideline food processing industry, the ferrous metal smelting and rolling processing industry, and the non-metallic mineral products industry remain steady with growth. Key enterprises that have played a leading and decisive role in the development of the industry continue to make efforts. Among them, Qingding Precision Electronics (Huai'an) Co., Ltd. and King's Luck Brewery, two ten-billion-yuan enterprises, have accumulated growth rates of 15.1% and 16.5%, respectively. Nanjing High Speed Gear Manufacturing (Huai'an) Co., Ltd., Taihua New Materials, Zenith Steel Group (Huai'an) New Materials Co., Ltd., BYD Motors, Tenpower, and Jushi Group Huai'an Co., Ltd. have released their production capacity, contributing RMB 1.28 billion in output value increment and pulling up the city's cumulative output value increase by 1.3 percentage points.