Tax data serves as a barometer for economic activity. The latest figures from the Wuxi Municipal Taxation Bureau show that in the first half of the year, sales revenue from the city's high-tech industries and core digital economy sectors grew by 11.6% and 5.8% year-on-year, respectively. New tracks such as optoelectronic integration and commercial space are particularly thriving, with growth rates reaching as high as 36.6%.
This tax data confirms that Wuxi's new quality productive forces are accelerating and becoming a powerful engine driving the economy toward innovation and excellence. The revenue growth stems from market entities racing to ramp up production capacity. Since its listing on the Hong Kong Stock Exchange in June 2024, Cloud Factory Technology Holdings Limited, known as the "first edge cloud stock," has maintained strong momentum and full order books. Inside the company's headquarters, a large screen displays real-time fluctuating computing power scheduling data. "This is a 520 million yuan computing power project we recently won, which will use domestically produced AI computing cards on a large scale," said company director Ji Lijun. He added that the construction schedule for the domestic computing power cluster is already planned through next year. Meanwhile, the company's 2.5 billion yuan project, the province's first domestic 10,000-card-level intelligent computing center, has entered the substantive implementation phase. Once completed, it will strongly support the development of the artificial intelligence industry in the Yangtze River Delta.
Driven by market demand, Lianmao (Wuxi) Electronic Technology Co., Ltd. is also accelerating production expansion. As a leading global company in the CCL (copper-clad laminate) industry, it achieved operating revenue of 1.73 billion yuan in the first half of the year, a 10% increase year-on-year. "Previously, we were cautious about expansion, but now we aim to seize opportunities and move ahead quickly," said company chairman Chen Jincai. The AI computing power high-end electronic substrate material R&D and manufacturing headquarters project, with a total investment of $800 million, has been officially launched in Wuxi. Once operational, it is expected to generate annual revenue of over 10 billion yuan.
The confidence in expanding production reflects the vibrant vitality of the entire industrial cluster. In the first half of the year, sales revenue from enterprises above designated size in the "465" industrial clusters, including optoelectronic integration, embodied intelligent robots, and commercial space, surged by 36.6%, 24.4%, and 24.4% year-on-year, respectively. These sectors have become key drivers of the city's industrial upgrading. Data analysis shows that three industries closely tied to new quality productive forces—equipment manufacturing, information transmission, software and IT services, and technology services—accounted for 35.9% of total enterprise sales revenue, up 2.9 percentage points from the same period last year, with a steady upward trend year by year. Wuxi's new quality productive force-related industries are accelerating growth, and innovation momentum is gathering, effectively driving the city's economy toward innovation and excellence.
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