Industry grew rapidly. In 2007, Qingdao realized 178.531 billion RMB in industrial added value, up 16.6%. The added value generated by corporations with annual sales revenue over 5 million RMB (hereafter referred to as industrial enterprises above designated size) totaled 169.681 billion RMB, up 21.32%. Of the total, 23.957 billion was finished by state-owned and controlled enterprises, up 21.1 %; 11.097 billion by collective enterprises, up 8.6%; 73.332 billion by shareholding enterprises, up 23.3%; 62.304 billion by enterprises invested by foreign companies and by compatriots from Hong Kong, Macao and Taiwan, up 26.7%; and 9.332 billion by other types of businesses, up 54.8%. Both light and heavy industries grew relationally. Light industry finished with 80.139 billion RMB in added value, up 15.75% and heavy industry generated 89.542 billion RMB, up 26.89%. The ratio of light to heavy industry was 47.2:52.8.
  
Output of Major Industrial Products by Industrial Enterprises above Designated Size:
Product               2007      +/-% over the previous year
Yarn               47,900 tons            -6.05
Cloth               443,000,000 meters  -3.79
Chemical fiber           68,700 tons            -4.79    
Cigarettes             50.044 billion pieces (local)      5.19             
Beer            5,381,000 kilolitres             8.76 
Raw salt              192,300 tons           -7.73
Electricity generated      15.53 billion kWh   ?        21.33
Steel        3,655,500 tons                 1.29 
Crude oil processed    ? 2,865,800 tons                -1.38 ?
Caustic soda             149,100 tons                 -0.82
Soda ash               710,200 tons                11.07
Chemical pesticides       16,400 tons         ?      20.59
Dye stuffs              28,300 tons                6.5 ?
Tire casings          55,888,700 pieces  14.35 ?
Cement             4,255,300 tons       -0.37
Motor vehicles           61,016 units        21.36
Color TV sets            12,430,800 units        0.39
Household refrigerators    14,214,100 units        11.85
Room air conditioners     12,494,100 units       23.71

Industrial enterprises above the designated size performed well. In 2007, total pre-tax profits increased by 40.55% to 52.252 billion RMB with after-tax profits of 26.689 billion RMB, up 44.05%. Income from sales rose 28.93% to 646.255 billion RMB. The total industrial enterprise performance index was 209.67, up 34.74 percent over the previous year. The capital maintenance and appreciation was 118.29%. The sales ratio was 96.65%.

New and high technology industries grew rapidly. Industrial enterprises above the designated size turned out new and high-tech products valued at 309.192 billion RMB, up 28.66% year-to-year, accounting for 46.25% of the total turnover of enterprises above the designated size.

The construction industry grew steadily. In 2007, the industry generated 16.824 billion RMB in added industrial value, up 6.7% and 2.9 billion RMB in pre-tax profits, up 16%.