Value-added tax invoices serve as both records of market transactions and indicators of economic performance. Data released by the Sichuan Provincial Tax Service on April 29 shows that in the first quarter, the foundation for industrial recovery in the province has further strengthened. Particularly, emerging sectors such as aerospace and quantum technology are demonstrating accelerated growth momentum. The invoiced sales revenue of the communication and quantum technology industry chain increased by 39.8% year-on-year.
Overall, the province's industrial invoiced sales revenue grew by 8.1% year-on-year in the first quarter, maintaining a recovery trend. The manufacturing sector performed steadily, with invoiced sales revenue rising by 8.6%. Benefiting from a rebound in the chemical cycle adjustment and higher prices of non-ferrous metals, key industries showed notable highlights. The invoiced sales revenue of chemical products manufacturing and non-ferrous metals smelting increased by 25.8% and 49.8%, respectively.
Key industrial chains provided strong support, with emerging tracks accelerating their pace. In the first quarter, 8,677 enterprises across the province's 17 key industrial chains reported a combined invoiced sales revenue increase of 9.6% year-on-year. Among the faster-growing chains were the aerospace industry chain, with growth of 18.8%, the high-end energy equipment industry chain, up 20.6%, and the communication and quantum technology industry chain, which surged by 39.8%.
In the high-end energy equipment sector, a representative from Deyang Guangda Dongqi New Materials Co., Ltd. stated that the company actively expanded market orders in the first quarter. Through independent research and development, it achieved breakthroughs in key technological areas, leading to steady growth in orders. The company's invoiced amount increased by 20.3% year-on-year, while its output value rose by 13.2%.
High-tech services also delivered impressive results. Invoiced sales revenue in the software and information technology services industry grew by 22.3% year-on-year, and scientific research and technical services saw a 10.1% increase, highlighting the vitality of the digital economy and technological innovation.
Policy effects continued to materialize. Driven by a lottery-based invoice initiative, the accommodation and catering industry's invoiced sales revenue increased by 8.6% year-on-year. In Chengdu and Luzhou, the pilot regions for the policy, growth rates reached 14.1% and 30.8%, respectively.
As the largest category of tax, value-added tax covers the entire chain of goods production, distribution, and services. The amount of tax collected is closely linked to business activity. An economics professor pointed out that VAT, based on the value added of goods and services, directly reflects market transactions through input and output items, providing timely and reliable first-hand data. The rapid growth in invoiced sales revenue for industrial chains such as aerospace, high-end energy equipment, and communication and quantum technology indicates an ongoing enhancement in the quality and technological sophistication of Sichuan's manufacturing development. Furthermore, the increase in VAT invoice data in these areas vividly illustrates restored business confidence, optimized industrial structure, and the accelerated gathering of new growth drivers, providing solid support for high-quality economic development in Sichuan.
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