Decoding TEDA’s Q1 Performance

In the first quarter of this year, TEDA achieved double-digit rapid growth across multiple economic indicators, including fixed-asset investment and general public budget revenue, demonstrating sustained vitality and strengthened development momentum.

In the first quarter, TEDA recorded a year-on-year growth of 23.4% in fixed-asset investment. Notably, industrial investment increased by 29.9%, accounting for 86.2% of total investment, which represents a rise of 4.3 percentage points compared with the same period last year. General public budget revenue saw a year-on-year growth of 11.8%, with tax revenue rising by 8.6%, reflecting strong fiscal support from key projects. Retail sales of consumer goods above the designated size grew by 18.8% year-on-year, while the total import and export volume for the first two months increased by 14.9%, with exports up by 20.3%, indicating synchronized momentum in both consumption and foreign trade. Furthermore, local construction output rose by 32.5% year-on-year; the added value of high-tech manufacturing and the biomedical industry grew by 8.8% and 17.4%, respectively; and revenue from key service and transportation sectors increased by 4.1% and 5.8%, respectively. This coordinated progress across multiple industries has solidified a stable and positive economic trajectory.

A series of key projects have accelerated their pace of landing, construction, and operation. In the first quarter, TEDA successfully signed 56 major investment projects with a total investment of 20.3 billion yuan. Among these, 24 are manufacturing projects totaling 11.8 billion yuan, including the 2 billion yuan Asymchem integrated R&D and production project of chemical macromolecule innovative drug CDMO, the 1.5 billion yuan Taiji Technology energy storage project, and the 1.1 billion yuan Samsung Electro-Mechanics capacity expansion project. The 32 service-oriented projects, with a total investment of 8.5 billion  yuan, include CIMC Andashun Logistics Technology, PipeChina LNG, Huaxin Changsheng Integrated Circuit, and Xingluo High-speed Interconnect Chip projects. Additionally, 34 new projects with a total investment of 27.4 billion yuan have commenced construction, such as Yanshan Petrochemical High-end Rubber project, TEDA Energy storage power station, and the Volkswagen Transmission ID1 Power Motor Export Base. Meanwhile, 13 projects with a total investment of 7 billion yuan have officially entered the production phase, including the Great Wall DE platform, Tongyan high-performance polymers, and the new MIND electronic factory.

Significant highlights have emerged in the field of scientific and technological innovation. Six key laboratories have been successfully approved, placing TEDA at the forefront of all development zones in the Binhai New Area and in a leading position citywide. The total value of registered technology contracts reached 3.5 billion yuan, accelerating the pace of technological achievement transformation. Furthermore, the "Firefly Program" has been consistently promoted, with over 10 project matchmaking events held during the first quarter.

Looking ahead, TEDA will continue to focus on key areas such as project construction, enterprise services, scientific and technological innovation, and industrial upgrading, contributing further to the city's high-quality development.