8 months before the mechanical industry growth rate of 8.7%
In the first eight months of this year, the accumulative growth rate of China's machinery industry grew by 8.7%, which was higher than that of the national industry and the machinery industry of the same period last year by 2.7 percentage points and 3.4 percentage points respectively. Among them, the accumulative ordering of key-linked companies has shaken off the trend of continued decline in the first half of the year, and the cumulative increase from January to July was 6.27% year-on-year, continuing to rebound.
At the China Machinery Industry Federation's National Machinery Industry Standardization and Quality Improvement Promotion Conference held on September 21st, Wang Ruixiang, president of the China Machinery Industry Federation, pointed out that since the beginning of this year, in the midst of external and internal economic conditions in which the difficulties are increasing and the challenges are serious, The machinery industry has conscientiously implemented the strategic deployment of the Party Central Committee and the State Council, actively responded to it, and took the initiative to maintain the steady development of the industry's economy.
According to reports, from January to August, the accumulative growth rate of the machinery industry increased by 8.7%, which was higher than the national industry and the machinery industry of the same period last year by 2.7 percentage points and 3.4 percentage points; the main business income from January to July was 13.2 trillion yuan. Yuan, a year-on-year increase of 6.91%, was higher than the industrial sector in the same period and machinery industry of the same period of the same period of last year 3.56 percentage points and 3.72 percentage points; the total profit of 876.794 billion yuan, an increase of 6.59%, 0.32 percentage points lower than the national industry over the same period, higher than In the same period of last year, the growth rate of the machinery industry was 5.79 percentage points; the total import and export volume was 363.5 billion U.S. dollars, down 6.95% year-on-year, of which imports were 152 billion U.S. dollars, down 8.06% year-on-year; exports were 213.2 billion U.S. dollars, down 6.16% year-on-year, and the trade surplus was 63 billion U.S. dollars. Dollars.
Wang Ruixiang said that the current economic operation of the machinery industry has five major characteristics: First, the trend of product output growth is positive. Of the 119 key products monitored, the number of product varieties increased by 62 over the same period last year, accounting for 52.1%, and 19 products grew by double digits. The environmental protection industry closely related to consumption, technological upgrading, and environmental protection, and the instruments and meters, high-voltage switchgear, power cable, and some general-purpose parts and components that are compatible with the automotive and electrical industries have maintained growth. From January to July, automobile production and sales completed 14.8454 million vehicles and 14.684 million vehicles, respectively, an increase of 9% and 9.8% respectively.
The second is the obvious differentiation of the industry. From January to July, the new main business income of the auto industry was 44.121 billion yuan, accounting for 51.7% of the new revenue of the machinery industry during the same period. The electrical and electronics industry realized an increase of 222.894 billion yuan in main business income, which accounted for 26.06% of the new income from the machinery industry during the same period. The proportion of the newly-increased main business income of the two industries accounted for 77.8% of the total industry. The auto industry realized a new profit of 26.599 billion yuan, accounting for 49.04% of the newly added profit of the machinery industry during the same period, an increase of 7.73 points month-on-month. The electrical and electronics industry realized a new profit of 19.572 billion yuan, accounting for 36.09% of the newly added profits of the machinery industry. The newly added profits of the two industries accounted for more than 85% of the entire industry. The newly added profit of machinery industry was only 8.064 billion yuan, accounting for 14.87%. The output of metal smelting equipment, gold-cutting machine tools, power generation equipment, oil drilling equipment, and loaders, which have obvious characteristics of investment, have continued to decline.
Third, the financial indicators of some economic indicators have improved slightly year-on-year. From January to July, the value-added rate of mechanical industrial capital was 110.42%, which was 3.16% higher than that of the national industry. The debt-to-liability ratio was 54.12%, which was at a reasonable level, which was lower than the 2.32% of the national industry. The liquidity turnover rate was 1.96 times, which was flat year-on-year. The profit margin of cost and expenses was 7.11%; the profit margin of main business income was 6.63%, which was slightly lower than the same period of last year. Sales expenses and financial expenses increased significantly, and the increase in administrative expenses was lower than the same period of last year.
Fourth, the growth rate of orders continued to rise, and the growth rate of investment continued to decline. Cumulative orders from key companies were released from the continuous decline in the first half of the year, with a cumulative increase of 6.27% from January to July and continued to rebound, but the ordering situation was not stable. From January to July, the total investment in fixed assets rose by 8.1% year-on-year, manufacturing rose by 3.0%, and the machinery industry only increased by 2.7%, which was the lowest growth rate since 2008. In the same month, the amount of investment completed in the same month decreased year-on-year for three consecutive months, and the pressure on self-financing of enterprises that accounted for more than 90% of investment increased. The willingness of enterprises to invest will directly affect future market demand.
The fifth is that the foreign trade import and export have not changed. From January to July, the total volume of imports and exports of mechanical foreign trade and total exports fell more than 6% year-on-year, turning the tide into a difficult situation.
"It is expected that the growth rate of the value-added of the machinery industry will be slightly higher than that of the nation's industrial and manufacturing industries. The revenue and profit of the main business will maintain simultaneous growth, and the export growth will strive not lower than the drop of the previous year." Wang Ruixiang emphasized that after a few months The entire industry should pay close attention to the external situation and the trend of the economic operation of the industry, continue to do a good job of steady growth, and further strengthen the confidence in improving the transformation and upgrading of the industry.
At the China Machinery Industry Federation's National Machinery Industry Standardization and Quality Improvement Promotion Conference held on September 21st, Wang Ruixiang, president of the China Machinery Industry Federation, pointed out that since the beginning of this year, in the midst of external and internal economic conditions in which the difficulties are increasing and the challenges are serious, The machinery industry has conscientiously implemented the strategic deployment of the Party Central Committee and the State Council, actively responded to it, and took the initiative to maintain the steady development of the industry's economy.
According to reports, from January to August, the accumulative growth rate of the machinery industry increased by 8.7%, which was higher than the national industry and the machinery industry of the same period last year by 2.7 percentage points and 3.4 percentage points; the main business income from January to July was 13.2 trillion yuan. Yuan, a year-on-year increase of 6.91%, was higher than the industrial sector in the same period and machinery industry of the same period of the same period of last year 3.56 percentage points and 3.72 percentage points; the total profit of 876.794 billion yuan, an increase of 6.59%, 0.32 percentage points lower than the national industry over the same period, higher than In the same period of last year, the growth rate of the machinery industry was 5.79 percentage points; the total import and export volume was 363.5 billion U.S. dollars, down 6.95% year-on-year, of which imports were 152 billion U.S. dollars, down 8.06% year-on-year; exports were 213.2 billion U.S. dollars, down 6.16% year-on-year, and the trade surplus was 63 billion U.S. dollars. Dollars.
Wang Ruixiang said that the current economic operation of the machinery industry has five major characteristics: First, the trend of product output growth is positive. Of the 119 key products monitored, the number of product varieties increased by 62 over the same period last year, accounting for 52.1%, and 19 products grew by double digits. The environmental protection industry closely related to consumption, technological upgrading, and environmental protection, and the instruments and meters, high-voltage switchgear, power cable, and some general-purpose parts and components that are compatible with the automotive and electrical industries have maintained growth. From January to July, automobile production and sales completed 14.8454 million vehicles and 14.684 million vehicles, respectively, an increase of 9% and 9.8% respectively.
The second is the obvious differentiation of the industry. From January to July, the new main business income of the auto industry was 44.121 billion yuan, accounting for 51.7% of the new revenue of the machinery industry during the same period. The electrical and electronics industry realized an increase of 222.894 billion yuan in main business income, which accounted for 26.06% of the new income from the machinery industry during the same period. The proportion of the newly-increased main business income of the two industries accounted for 77.8% of the total industry. The auto industry realized a new profit of 26.599 billion yuan, accounting for 49.04% of the newly added profit of the machinery industry during the same period, an increase of 7.73 points month-on-month. The electrical and electronics industry realized a new profit of 19.572 billion yuan, accounting for 36.09% of the newly added profits of the machinery industry. The newly added profits of the two industries accounted for more than 85% of the entire industry. The newly added profit of machinery industry was only 8.064 billion yuan, accounting for 14.87%. The output of metal smelting equipment, gold-cutting machine tools, power generation equipment, oil drilling equipment, and loaders, which have obvious characteristics of investment, have continued to decline.
Third, the financial indicators of some economic indicators have improved slightly year-on-year. From January to July, the value-added rate of mechanical industrial capital was 110.42%, which was 3.16% higher than that of the national industry. The debt-to-liability ratio was 54.12%, which was at a reasonable level, which was lower than the 2.32% of the national industry. The liquidity turnover rate was 1.96 times, which was flat year-on-year. The profit margin of cost and expenses was 7.11%; the profit margin of main business income was 6.63%, which was slightly lower than the same period of last year. Sales expenses and financial expenses increased significantly, and the increase in administrative expenses was lower than the same period of last year.
Fourth, the growth rate of orders continued to rise, and the growth rate of investment continued to decline. Cumulative orders from key companies were released from the continuous decline in the first half of the year, with a cumulative increase of 6.27% from January to July and continued to rebound, but the ordering situation was not stable. From January to July, the total investment in fixed assets rose by 8.1% year-on-year, manufacturing rose by 3.0%, and the machinery industry only increased by 2.7%, which was the lowest growth rate since 2008. In the same month, the amount of investment completed in the same month decreased year-on-year for three consecutive months, and the pressure on self-financing of enterprises that accounted for more than 90% of investment increased. The willingness of enterprises to invest will directly affect future market demand.
The fifth is that the foreign trade import and export have not changed. From January to July, the total volume of imports and exports of mechanical foreign trade and total exports fell more than 6% year-on-year, turning the tide into a difficult situation.
"It is expected that the growth rate of the value-added of the machinery industry will be slightly higher than that of the nation's industrial and manufacturing industries. The revenue and profit of the main business will maintain simultaneous growth, and the export growth will strive not lower than the drop of the previous year." Wang Ruixiang emphasized that after a few months The entire industry should pay close attention to the external situation and the trend of the economic operation of the industry, continue to do a good job of steady growth, and further strengthen the confidence in improving the transformation and upgrading of the industry.
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