In the first half of the year, Longhua District thoroughly and faithfully applied the new development philosophy, with focus on promoting the integrated development of the “1+2+3” manufacturing system and the “3+3+2” service industrial system. Overall, the district’s economy maintained steady and sound growth, and the momentum of high-quality development continued to strengthen.

According to the unified accounting results of Shenzhen’s gross domestic product (GDP), Longhua District achieved a regional GDP of 156.711 billion yuan in the first half of 2025, representing a year-on-year increase of 6.2% at constant prices. Specifically, the value added of the primary industry was 21 million yuan, down 20.8% year-on-year; the secondary industry contributed 75.286 billion yuan, up 4.4%; and the tertiary industry reached 81.404 billion yuan, up 7.9%.

I. Accelerated industrial growth driven by advanced manufacturing industry

In the first half of the year, the value added of industries increased by 5.0% year-on-year, up 4.6 percentage points from Q1. The value added of industries above designated size grew by 4.4%. The district accelerated the cultivation of new quality productive forces, with the value added of advanced and high-tech manufacturing accounting for over 70% of that of above-scale industries. Output of key high-tech products saw significant increases, with the production of integrated circuits, industrial robots, and 3D printing equipment growing by 33.3%, 26.9%, and 24.9%, respectively.

II. Strong performance in service sector with continued improvement in quality and efficiency

The value added of the service industry (tertiary industry) grew by 7.9% year-on-year in the first half, 0.3% higher than in Q1. The district accelerated the development of a modern services system. Specifically, the value added of information transmission, software and IT services grew by 5.7%; wholesale and retail trade by 5.1%; leasing and business services by 5.1%; and transportation, storage and postal services by 4.8%. The real estate market continued to recover, with total commercial housing sales exceeding 700,000 square meters, a year-on-year increase of 50.6%.

III. Optimized investment structure with steady growth in key areas

Due to completion or near-completion of several major projects, fixed asset investment in the district declined by 8.2% year-on-year in the first half. However, investment in key areas remained strong. By sector, real estate development investment increased by 12.9%, 3.5% higher than in Q1. Construction of key projects continued to accelerate, with infrastructure investment up by 35.7%. Industrial transformation and upgrading progressed steadily, with investment in industrial technological renovation increasing by 107.7%. Investment in people’s livelihood areas also grew rapidly, with investment in transportation, postal, and warehousing industries rising by 97.2%.

IV. Consumer market gaining momentum, policy effects becoming evident

Total retail sales of consumer goods rose by 0.4% year-on-year in the first half. Some product categories related to trade-in programs saw rapid growth, with retail sales of wearable smart devices and computers and peripherals (by enterprises above designated size) increasing by 34.7% and 13.0%, respectively. Online retail continued its upward trend, with e-commerce retail sales (by enterprises above designated size) growing by 9.0%, 4.2 percentage points higher than in Q1.

Overall, Longhua District’s economy in the first half of 2025 maintained steady progress with new achievements in high-quality development. In the next stage, Longhua will advance high-quality development in a solid and meticulous manner. Efforts will focus on further enhancing development momentum, stimulating market vitality, expanding effective demand, and boosting confidence and expectations, thereby solidifying the foundation for sustained economic recovery and growth and ensuring a successful conclusion to the 14th Five-Year Plan.

Notes:

• The growth rates of GDP and related value-added data are calculated at constant prices, representing real growth. Other indicators, unless otherwise stated, are calculated at current prices and represent nominal growth.

• Since October 1, 2017, the new national economic industry classification standard (GB/T 4754-2017) has been implemented. Some enterprise classifications have changed, and indicator growth rates are calculated on a comparable basis.

• “Industries above designated size” refer to industrial enterprises with annual main business income of 20 million yuan or more.

• The scope of fixed asset investment includes investment projects with a total planned investment of over RMB 5 million and all real estate development projects.

• Due to rounding, the totals of some items may not equal the sum of their components.

(Note: The text above is a translation of the Chinese version for reference only. In case of any discrepancy between the two versions, the original published Chinese version shall prevail.)