On April 27, Hefei released the economic performance for Q1 2025.

Since the beginning of the year, production and supply have grown rapidly, and market demand has steadily improved, leading to a strong start for the economy.

According to the unified accounting results for regional GDP, the city's gross domestic product (GDP) in the first quarter was 300.388 billion yuan, representing a year-on-year increase of 6.6% at constant prices.

By industry, the value added in the primary sector was 5.163 billion yuan, growing by 3.5%; the secondary sector's value added reached 93.394 billion yuan, increasing by 8.2%; and the tertiary sector's value added was 201.831 billion yuan, up by 6.0%.

In terms of industry, high-tech manufacturing saw rapid growth. The added value of industrial enterprises above designated scale increased by 14.0% year-on-year in the first quarter, accelerating by 2.0 percentage points compared to the same period last year.

From the perspective of enterprises, those generating over 100 million yuan made notable contributions, with 330 such enterprises (an increase of 36 from last year) achieving a value added growth of 20.5%, driving industrial growth of enterprises above designated scale by 16.0 percentage points.

In terms of products, the output of urban rail vehicles, new energy vehicles, semiconductor discrete devices, electronic computers, and integrated circuits grew by 6 times, 74.9%, 53.2%, 18.2%, and 9.0%, respectively.

In the first quarter, the value added in the service sector increased by 6.0% year-on-year, accelerating by 3.3 percentage points compared to last year.

In terms of foreign trade, the city's level of openness continued to improve. In the first quarter, the total import and export volume reached 94.844 billion yuan, a year-on-year increase of 16.8%, accelerating by 4.2 percentage points compared to the same period previous year.

Overall, the economic operation of the city in the first quarter continued to show a stable and improving trend.

Source: Hefei Evening News