Since the beginning of the year, the Jingjiang Economic and Technological Development Zone in Jingjiang, Jiangsu province, has focused its efforts on promoting high-quality industrial growth.
In the first quarter, it achieved industrial sales of nearly 14 billion yuan ($2 billion), marking a 24.1 percent increase year-on-year and setting a solid foundation for sustainable economic development throughout the year.
The high-tech shipbuilding sector, a core industry in the zone, has shown a robust performance, contributing significantly to industrial growth. Eleven major shipbuilding companies each achieved sales of 6.7 billion yuan, up 12.8 percent year-on-year. New Times Shipbuilding led the sector with sales of 5.92 billion yuan in Q1, supported by stable orders and efficient production capacity.
New Times Shipbuilding. [Photo/WeChat account: ZGJJKFQ]
The metal materials sector benefited from the agglomeration effect, with 16 companies achieving sales of 4.23 billion yuan, a 77.8 percent increase. Companies like Yongjin Metals saw significant growth due to smart technology and high-quality products, driving the sector's expansion and competitiveness.
The energy and power sector saw a 60.8 percent growth in sales to 1.11 billion yuan, enhancing regional energy supply reliability and supporting industrial growth.
The high-end equipment sector reported sales of more than 1 billion yuan, with companies like PEM (Jingjiang) Co Ltd achieving substantial growth through innovation and market expansion, contributing to the region's economic vitality.