Value-added tax invoice data show that Shanghai's industrial economy expanded steadily in the first five months of 2026, with total industrial sales revenue up 2.3% year on year. Equipment manufacturing revenue grew 1.3% and made up 62.7% of the manufacturing total, anchoring the industrial base. High-end emerging segments performed far better: robot manufacturing revenue rose 22.4% and smart in-vehicle equipment manufacturing jumped 66.7%. Artificial intelligence is increasingly embedded in real-economy production, with integrated circuit, optoelectronic device and semiconductor device manufacturing recording growth of 7.5% and above 3% respectively. One Jinshan-based enterprise focused on heavy-duty industrial robots saw its large-payload special handling robot solution selected for the Ministry of Industry and Information Technology's intelligent manufacturing "open competition" program. The data illustrate how AI-plus-manufacturing integration is translating into measurable sales growth across Shanghai's advanced equipment supply chain.
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VAT Invoice Data: Shanghai Robot and Smart In-Vehicle Equipment Manufacturing Revenue Up 22.4% and 66.7% in First Five Months
Value-added tax invoice data released by the Shanghai Municipal Tax Service shows that from January to May 2026, industrial enterprise sales revenue rose 2.3% year on year. Equipment manufacturing grew 1.3% and accounted for 62.7% of manufacturing output. High-end emerging industries led growth, with robot manufacturing revenue up 22.4% and smart in-vehicle equipment manufacturing up 66.7%. Integrated circuit, optoelectronic device and semiconductor device manufacturing also expanded, reflecting the deepening integration of artificial intelligence with manufacturing.
2026-10-21