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What changedCNBC reports that profits at manufacturers of electronic special materials more than tripled in the first nine months of the year, while semiconductor-device-equipment makers’ profits rose 51.7%. The report attributes the gains to demand for AI computing power and storage.
Profits at optical-fibre manufacturers rose more than sixfold over the same period, and cable makers’ profits more than doubled, according to figures cited from China’s National Bureau of Statistics. The gains show AI infrastructure demand reaching suppliers beyond chipmakers.
The broader picture is less tidy: factory-gate prices rose at their fastest pace since mid-2022, while the CSI 300 had entered a bear market late the previous week. CNBC also reports that weak household demand and thin or negative manufacturer margins remain strains.
Sources and evidence- China industrial profits post strongest growth in three months, rising 14.4% – CNBC: CNBC reports that AI-related demand coincided with sharp profit growth among several Chinese suppliers, alongside continued pressure from weak domestic demand and thin manufacturer margins.
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