The economic operation of the hottest machinery in

2022-08-06
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The economic operation of the machinery industry has maintained a slight upward trend

the economic operation of the machinery industry has maintained a slight upward trend

China Construction Machinery Information

since this year, the economic operation of the machinery industry has continued the trend of stabilizing in the fourth quarter of last year. From the published data, the main operation indicators are better than the national industry and higher than the same period of last year. The growth rate of the added value of the machinery industry was higher than the average growth rate of the national industry from the previous year, which was lower than that of the national industry. However, from the perspective of enterprise operation, there are insufficient orders, weak demand and great downward pressure. Due to the implementation of tasks such as de capacity and de inventory in some related industries, it has a great impact on the machinery industry, and the development differentiation of the industry has intensified. The main economic indicators are getting better

under the influence of national macroeconomic policies, the main economic indicators of the whole machinery industry have maintained a slight upward trend. The added value of the machinery industry in January this year increased by 7.8% year-on-year, and the growth rate continued to be higher than that of the national industry and manufacturing industry in the same period last year; It is estimated that the main business income will increase by about 6.6% and the total profit will exceed 7%

industrial added value: the monthly growth rate of the added value of the machinery industry was 7.8%, which was 1.8% and 0.9% higher than that of the industry and manufacturing industry in the same period, and 2.1% higher than that of the machinery industry in the same period of the previous year. From the perspective of trend, the cumulative growth rate of added value of the machinery industry has increased month by month. The added value of the machinery industry increased by 0.7 percentage points on a monthly basis; 0.2% higher than that of the previous month; 0.3% higher than that of the previous month; Month on month increase of 0.2 percentage points

due to the large proportion of automobile in the machinery industry in the whole industry, it has an obvious driving effect on the machinery industry. From the perspective of the production and sales of the automobile industry in the month, it is still better than that in the previous period. It is a support for the whole machinery industry and will drive a small increase in various indicators of the whole industry

main business income: the monthly main business income of the machinery industry was 9091.862 billion yuan, a year-on-year increase of 6.4%, 3.51 percentage points higher than that of the national industry in the same period; This was 2.97 percentage points higher than the growth rate of machinery industry in the same period of last year. It is expected that the monthly main business income will increase by about 6.6%

total profit realized: the total profit realized by the machinery industry in the month was 603.169 billion yuan, a year-on-year increase of 7.3%, 0.89 percentage points higher than that of the national industry in the same period; This was 7.25 percentage points higher than the growth rate of machinery industry in the same period of last year. It is expected that the total profit will increase by more than 7% from January to June

the output growth of main products improved

the output growth trend of main products of the machinery industry improved slightly in January, but the differentiation was obvious. Among the 119 main products monitored by the machinery industry, more than half of the varieties increased year-on-year; There were 60 product varieties with year-on-year growth, accounting for 50.42%, 59 product varieties with year-on-year decline, accounting for 49.58%, and 20 products with double-digit growth. The number of product varieties with year-on-year growth increased month by month, but there were obvious differences among products, which continued to show a differentiation trend

among agricultural machinery products, the growth rate of large tractors with good growth in the previous year fell back. The decline in the output of major construction machinery products continued to narrow. Among instruments and meters, electrical instruments and automobile instruments have maintained growth. Among the general petrochemical machinery products, due to the impact of oil price fluctuations, the willingness to invest has declined. The decline in refining and chemical products and oil drilling equipment is still large, with a double-digit decline. Among electrical products, power transmission and transformation equipment is relatively good. The growth of products related to power transmission and transformation was outstanding. Power capacitors, high-voltage switchboards, high-voltage switchgear (above 110000 volts), insulation products and power cables all maintained growth year on year, with a year-on-year increase of 20.94%, 7.2%, 14.92% and 14.92% respectively. On the contrary, the growth of power generation equipment products is generally sluggish, and large transformers and mutual inductors show a double-digit decline. Among heavy mining machinery products, metal smelting equipment continued to decline in double digits, metal rolling equipment increased by 0.56% year-on-year from negative to positive, and special mining equipment and conveying machinery increased slightly year-on-year. The main products of the machine tool industry showed a year-on-year downward trend, which generally continued the downward trend in the fourth quarter of last year. The automobile industry continued to grow. From January to June, the production and sales of automobiles were 12.8922 million and 12.8298 million respectively, an increase of 6.5% and 8.1% over the same period of last year, 3.9 and 6.7 percentage points higher than the same period of last year. From January to June, 4.735 million passenger cars of Chinese brands were sold, an increase of 12. 5% year on year It strives to attract 8% of high-end resources of new materials with international influence, with a market share of 42.9%, an increase of 1.4 percentage points over the same period last year. New energy vehicles continued to grow at a high speed, producing 177000 vehicles and selling 170000 vehicles, up 125% and 126.9% respectively over the same period of last year. Affected by the low base of the previous year, the production and sales of commercial vehicles in June 2016 were 5% and -1.7% respectively year-on-year, and the cumulative figures were 1.5% and 1.9% respectively, basically getting rid of the negative growth, and the restorative growth trend appeared

the two industries have played a significant role in stimulating the growth of the machinery industry since this year, the growth of the machinery industry has mainly relied on the pull of the automotive, electrical and electrical industries

main business income: the automobile industry realized a main business income of 31416.66 billion yuan in June, a year-on-year increase of 9.14%, with a new income of 263071 million yuan, accounting for 48% of the new income of the machinery industry in the same period. The electric and electrical appliance industry realized a main business income of 2129.092 billion yuan, a year-on-year increase of 8.04%. The new income of 158 two 3D printers was surrounded by 457million yuan, accounting for 29% of the new income of the machinery industry in the same period. Excluding the automobile, electrical and electrical industries, other machinery industries realized a main business income of 3821.15 billion yuan, a year-on-year increase of 0.04%, and a new income of 125.341 billion yuan, accounting for 23% of the new income of the machinery industry in the same period

realized profits: the total profits of the automobile industry in June were 264.634 billion yuan, an increase of 8.79% year-on-year, and the new profits were 21.384 billion yuan, accounting for 52% of the new profits of the machinery industry in the same period. In June, the electrical industry realized a profit of 120.484 billion yuan, a year-on-year increase of 15.9%, with a new profit of 16.53 billion yuan, accounting for 41% of the new profit of the machinery industry. Excluding the automobile, electrical and electrical industries, other machinery industries realized a total profit of 218.051 billion yuan, a year-on-year increase of 0.02%, with a new profit of 3.136 billion yuan, accounting for 7.64% of the new profit of the machinery industry in the same period

slight increase in inventory and finished products sales expenses

the monthly inventory of machinery industry was 242639 billion yuan, a year-on-year increase of 0.71%, lower than the level of the previous year (6.61%), including 933.24 billion yuan of finished products, a year-on-year increase of 1.13%, lower than the level of the previous year (9.78%). Accounts receivable amounted to 3751.059 billion yuan, a year-on-year increase of 9.74%, higher than the national industry (8.6%) in the same period, and higher than the machinery industry (6.22%) in the same period last year. Accounts receivable accounted for 32.59% of total current assets, an increase of 0.78 percentage points over the same period last year (31.81%)

the monthly sales expenses of machinery industry increased by 5.03% year-on-year, 2.87 percentage points higher than that of the same period last year (2.16%); Financial expenses increased by 6.09% year-on-year, 11.18 percentage points higher than the same period of the previous year (-5.09%); Among them, the interest expense decreased by 5.08% year-on-year and 6.09% year-on-year (1.01%). The significant increase in financial expenses was mainly due to the low base (-5.09%) of the previous year and the increase in financial expenses due to the change in exchange gains and losses of some enterprises

the economic benefit index increased by

the monthly capital preservation and appreciation rate of the machinery industry was 110.1%, 3.04 percentage points higher than that of the national industry (107.06%); The asset liability ratio is at a reasonable level, 54.65%, 2.12 percentage points lower than the national industrial (56.77%); The turnover rate of current assets was 1.9 times, a year-on-year decrease of 0.01 times; The cost profit margin was 7.12%, an increase of 0.07% year-on-year; The profit margin of main business income was 6.63%, with a year-on-year increase of 0.05%

six problems deserve attention

at present, there are six problems worth paying attention to in the operation of the machinery industry:

first, the industry differentiation has intensified and the difficulties of state-owned enterprises have increased. From the situation reflected by the enterprises, the good indicators of the industry cover up the difficulties of some industries, and the construction machinery industry is still difficult on the whole. In particular, the decline in the benefits of large and medium-sized enterprises has not changed, the loss area continues to expand, and the effective demand of the domestic market is lower than the policy expectations. The profit of metal cutting machine tool manufacturing industry in the machine tool industry decreased by 27.83% year-on-year, which should be highly concerned

second, the demand is not strong, and the orders of key contact enterprises are insufficient. This year, the cumulative order amount of key associated enterprises in the machinery industry got rid of the continuous downward trend of the previous year, and the monthly cumulative order increased by 3.63% year-on-year, but the order situation was unstable. Firstly, due to the large amount of social inventory accumulated in the market during the early high-speed growth stage, the new projects have limited pulling effect on the market. The second is the sluggish demand for steel, coal, building materials and oil in the upstream industries, and the decline in the demand for machinery and industrial equipment

third, the growth rate of investment is down, and the enterprise development potential deserves attention. In June this year, the investment in fixed assets of the whole society increased by 9% year-on-year, the manufacturing industry increased by 3.3% year-on-year, and the investment in machinery industry increased by 3.07%, which was the lowest growth rate in the same period since 2008, falling by 3.24 percentage points month on month. The growth rate of investment in machinery industry was 5.93 and 0.23 percentage points lower than that of the whole society and manufacturing industry respectively. In June, the completed investment was 515.948 billion yuan, a year-on-year decrease of 115.9%, 14.12 percentage points lower than the same period of the previous year (8.22%)

among the 13 major industries in the machinery industry, the electrical and electrical industry increased by 10.24%, the automobile industry by 6.35%, the basic mechanical parts industry by 6.56%, the cultural office equipment industry by 6.25%, the food packaging machinery industry by 16.08%, and the construction machinery industry by 8.39%, all of which were higher than the average level of the industry

the 6 industries of agricultural machinery, internal combustion engine, heavy duty, machine tool, petrochemical general machinery, and other civil machinery requiring timely replacement of sealing rings or composite gaskets decreased year on year. Instrument and meter industry increased slightly by 0.54%

small industries with a year-on-year decrease in monthly investment growth rate of more than 30% include: manufacturing of special equipment for agricultural and sideline food processing, special equipment for feed production, fishery machinery, cotton processing machinery, manufacturing of other instruments and meters, special equipment for rubber processing, narrow gauge locomotive and rolling stock, water turbine and auxiliary machinery, special equipment for lighting appliance production, special equipment for geological exploration Manufacturing of special postal machinery and equipment, repair of general equipment, repair of other transportation equipment, and repair of instruments and meters. The sharp drop in investment growth indicates that enterprises are not optimistic about market demand. At the same time, insufficient investment will also affect the future development momentum of the industry, which is worthy of attention

fourth, the import and export of machinery industry is still not optimistic. In June, the total import and export volume of the machinery industry was 309.8 billion US dollars, a year-on-year decrease of 6.88%, of which the import was 127.8 billion US dollars, a year-on-year decrease of 7.51%, and the export was 182billion US dollars, a year-on-year decrease of 6.42%. What is noteworthy is that private enterprises whose exports account for 40% of the industry's total. In the past, exports have been growing in double digits. Since last year, they have started to fall month by month. From January to June this year, their exports fell by 0.66% year-on-year, 7.42 percentage points lower than the growth of the same period last year (6.76%); The export of Jiangsu, Zhejiang and Guangdong, the major export provinces, decreased by 3.54%, 2.55% and 5.47% respectively year on year. The export pressure of the machinery industry was large

fifthly, the market competition is becoming increasingly fierce. The product has formulated the medium and long-term energy technology development strategy and development plan to 2020, and the price continues to decline. Firstly, due to weak demand and insufficient orders, it is common for user enterprises to lower prices and manufacturers to compete at low prices; Secondly, in order to seize orders, some enterprises maliciously compete at low prices in the bidding process. Low price bidding in the bidding process damaged the normal business order of the industry development, lowered the industrial development level, and hindered the industrial transformation and upgrading

sixthly, it is difficult to recover accounts receivable and the business risk is increased. Enterprises report that it is more difficult to recover accounts this year

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