The endogenous power of the hottest machinery indu

2022-10-19
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In the first half of this year, China's machinery industry achieved a main business income of 11.24 trillion yuan, a year-on-year increase. If the quota falls further, it will increase by 10.41%; The total profit was 761.5 billion yuan, a year-on-year increase of 6.73%. The steady and positive trend of the machinery industry has been further consolidated, the growth rate of major economic indicators has exceeded the national industrial average, production and sales have increased steadily, orders have been better than expected, investment has improved, and the endogenous driving force for development has increased -

since this year, the steady and positive trend of the economic operation of the machinery industry has been further consolidated. At the recently held information conference on the economic operation of the machinery industry in the first half of 2018, Chen Bin, executive vice president of the China Machinery Industry Federation, said that the growth trend of products and equipment closely related to consumption, intelligent manufacturing, environmental protection and pollution control in the first half of 2018 was good, and the industrial transformation was advanced to a deeper level

steady and positive momentum consolidation

since this year, the growth rate of added value of the machinery industry has increased month by month, from 7% from January to February to 8.4% from January to June. Although it is still lower than the level of the same period last year, it is 1.7 and 1.5 percentage points higher than the national industrial and manufacturing industries in the same period respectively

from the 120 main products monitored in the first half of the year, 76 products increased in output year-on-year, accounting for 63%, 18 less than the previous year; There were 44 kinds of products with year-on-year decline, accounting for 37%, an increase of 19 kinds over the previous year. Among them, the output of 14 products changed from a year-on-year decrease to a year-on-year increase, and the output of 33 products changed from a year-on-year increase to a year-on-year decrease

in the first half of the year, the output of products closely related to the people's livelihood consumer market continued to maintain a steady and rapid growth, such as the production and sales of passenger cars increased by 3.2% and 4.6% respectively over the same period last year. Products related to environmental protection and pollution control continued the upward trend of sales, such as water pollution prevention and control equipment, solid waste treatment equipment, noise and vibration control equipment, and the output increased by more than 20% year-on-year. Products related to the intelligent manufacturing industry are growing well, such as analytical instruments and devices, testing machines, and industrial robots, with a year-on-year growth rate of 17% to 42%. Construction machinery products continued to grow at a high speed on the basis of the high base of last year, and all kinds of spare parts products serving the whole machine also increased generally

after more than two years of downturn, fixed asset investment in the machinery industry has experienced a restorative growth since 2018. In the first half of the year, among the four major categories of national economic industries mainly involved in the machinery industry, the investment growth rates of special equipment manufacturing, automobile manufacturing, electrical machinery and equipment manufacturing were 10.3%, 8.5% and 8.5% respectively. The annual output of high capacity caprolactam was 300000 tons (including 200000 tons for self use), formic acid was 200000 tons, nylon 6 chips was 200000 tons, and ammonium sulfate was 480000 tons, which was equal to the investment growth rate of the whole society (6%) and manufacturing industry (6.8%) in the same period, Investment in general equipment manufacturing increased by 5.7% year-on-year. From the perspective of trend, since this year, the growth rate of investment in major industries involved in the machinery industry has rebounded steadily month by month, and the investment downturn has improved

cost pressure still exists

Chen Bin pointed out that at present, problems such as insufficient market demand, high cost pressure and continuous foreign trade friction still exist, and the task of improving the quality of industry development is still arduous. "The weak market and insufficient demand have been the problems that have continuously plagued the development of the machinery industry for some time. At the same time, the cost pressure is high and it is difficult to improve the efficiency. From January to June, the cost of the main business of the machinery industry increased by 10.76% year-on-year, higher than the growth rate of the main business income and total profit in the same period. In addition, the large amount of accounts receivable and the difficulty of recovery are the most prominent problems affecting the production and operation of enterprises."

traditional user industries such as electric power, metallurgy and coal are in the period of capacity adjustment. Although some upgrading needs are released, compared with the capacity of the machinery industry, the market demand is still low. According to the data of key enterprises in the machinery industry, after picking up in 2017, enterprise orders have again shown a downward trend of fluctuations since 2018. In the first half of the year, the cumulative orders increased by 9.64% year-on-year, falling to the single digit level

the rise in raw material prices since 2017 is the primary factor squeezing the profits of the machinery industry in the first half of this year. At the same time, financing costs increased significantly. From January to June, the interest expenditure of the machinery industry increased by 15.4% year-on-year, 8.67 percentage points higher than the growth rate of total profits in the same period. Under the pressure of multiple costs, the total profit of the machinery industry increased at a low speed in the first half of the year, and the profit margin of main business income was only 6.77%, 0.24 percentage points lower than that of the same period last year

from January to June, the total accounts receivable of the machinery industry reached 4.67 trillion yuan, with a year-on-year increase of 12.17%, accounting for one third of the total industrial accounts receivable in China. Especially for mainframe manufacturing enterprises, due to long production cycle, large capital occupation and strong personalized customization, the problem of payment recovery is particularly prominent

the adjustment of industrial structure has been accelerated.

Chen Bin said that in the past, the machinery industry mainly served investment activities. In recent years, under the guidance of national policies and the pressure of the market, the awareness and ability to serve people's livelihood consumption have been continuously enhanced, the adjustment of industrial structure has been continuously promoted to a deeper level, and the product structure has been continuously upgraded

the high-quality development of 300KN tensile testing machine in the machinery industry, which can test how large the test bar is, has gradually won the recognition of the international market for China's machinery enterprises and products. In the past year and a half, Liugong clg950e excavator has achieved terminal sales of 15 sets in the UK, with a market share of 18% in this level of excavator; Participated in the foundation crushing operation of abandoned power plants, nuclear power plant construction and other projects, which is the first time that China's construction machinery products have participated in British infrastructure projects. In the first half of this year, the project joint venture formed by Shanghai Electric and Dongfang Electric won the competition with three leading electric groups in the world and won the hannawi coal-fired power station project in Egypt

as the machinery industry promotes industrial structure adjustment, product transformation and upgrading, and promotes the transformation of old and new kinetic energy, the operation of the industry will continue to remain stable in the second half of the year. "After years of rapid development, the scale of China's machinery industry has reached a high level of more than 2.4 trillion yuan. At present, it is normal for the growth rate to fall moderately." Chen Bin said

Chen Bin predicts that the growth rate of added value, main business income and realized profits of the machinery industry in 2018 is expected to remain at about 7%, and the import and export trade will grow moderately. The automobile industry has entered a period of steady growth, and the annual growth rate of automobile production and sales will be basically the same as that of the previous year; The situation of power generation equipment, a traditional leading product in the electrical and electrical industry, is not optimistic. The thermal power market has fallen sharply, and gas turbines and wind power are basically flat. However, the market for optical fiber and cable, lithium-ion batteries and other products is good, which will form a strong support

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