Statistics show that since the beginning of this year, the growth rate of the machinery industry has slowed down and the indicators have grown slowly. From January to May, the industrial added value of the enterprises above the scale of the machinery industry increased by 5.5%, which fell by 0.3% from January to April; the main business income increased by 3.9% from January to April, and the profit growth was only 0.83%. The new low, profitability weakened.
From the perspective of operating characteristics, the growth rate of the machinery industry continued to slow down, and the main economic indicators were low. The value-added of the machinery industry increased by 6.8% from January to February, 6.3% from January to March, 5.8% from January to April, and 5.5% from January to May, and the growth rate continued to slow down. During the period from January to May in the national statistics of 49 medium-sized industries, the growth rate of the value-added of the machinery industry was 36 years lower than that of the same period of last year.
More than half of the product output decreased year-on-year. Of the 119 key product outputs monitored in key areas, 71 products were declining from January to May compared with the same period last year, accounting for 59.66% of the total, and the number of product varieties declining year-on-year continued to increase; there were only 48 products with a year-on-year increase, accounting for 40.34%. . Among the products with a year-on-year decline, there were 44 double-digit declines in product output for the month, and a cumulative total of 30 double-digit declines.
Low profit growth, operating efficiency has slowed down. From January to April, the main business income of the machinery industry was 6.79 trillion yuan, an increase of 3.9% year-on-year; the total profit was 437.759 billion yuan, an increase of 0.83% year-on-year, but still higher than the national industry by 2.6 percentage points. Among them, one of the main reasons for the decline in the profit growth of the machinery industry is that due to the higher base of the automotive industry last year, the profits of the auto industry fell sharply in the first five months of this year.
Export growth fell month by month and imports continued to decline. According to data released by the National Customs, China's export of mechanical and electrical products from January to May was 3.12 trillion yuan, an increase of 2.7%. Among them, exports of electrical appliances and electronic products were 1.35 trillion yuan, an increase of 5.1%; machinery and equipment were 913.57 billion yuan, a decrease of 5.1%. It is expected that the export of mechanical products in May is still not optimistic. Among the key products, automobile exports declined significantly. From January to May, customs statistics and statistics on automobile exports reached 317,000, a year-on-year decrease of 11.6%.
At the same time, with the gradual implementation of a series of steady growth policies by the state, some of the leading indicators in the machinery industry show signs of improvement. First, the decline in cumulative orders from key companies narrowed. From January to April, accumulative orders from key industrial enterprises in the machinery industry fell by 3.8%, which was a 5.44 percentage point drop from the first quarter. Second, the financing environment tends to improve, and the growth of financial expenses and interest expenses has started to decline since the second half of last year. Third, the trend of rising accounts receivable was initially contained, and the increase started to decline slightly. Fourth, the high growth of finished goods inventory has slowed down. Fifth, the price index lasted for 3 months at 98.86%, indicating signs of stabilization. Sixth, the purchase price is still at a low level, which will help the machinery industry to reduce costs and increase efficiency. Seventh, private enterprises have maintained upward momentum.
Industry is now divided into structural adjustments effective for the first half of the month since the industry's downward trend since the first half, Cai Weici frankly, this is the macroeconomic structural adjustment to the investment industry as the mainstay of the mechanical industry structure. "In this case, every industry is very difficult. The difference between industries is quite big."
Among them, the largest decline is in investment products such as construction machinery and heavy mining machinery. Statistics show that from January to April, the accumulative total product output of the construction machinery industry has a negative year-on-year growth rate, among which, loader, excavation, and shoveling soil transportation machinery products have a sharp decline in output growth. In April, the output of major products of the construction machinery industry was still in a declining trend. From the quarter-on-quarter point of view, except that compacted machinery grew by 1.69%, output growth of other sub-industries was negative.
In contrast, industries that are more closely linked with the consumer market, such as the automotive industry, have continued to grow despite the decline in comparison with the previous year. According to the statistics released by the Ministry of Industry and Information Technology on June 23, from January to May, the production and sales of passenger cars were 8,740,500 and 8,583,200, respectively, an increase of 7.79% and 6.36% respectively year-on-year.
Cai Weichai said that the nation’s industry has shown signs of stabilization and stabilization in May, while the machinery industry is still declining, but the pace has slowed down. The reason for this, he believes, is that the base of last year has had a great impact on the trend of the industry this year. In the first quarter of last year, the machinery industry showed a high growth trend. Last year, the operation of the machinery industry showed a trend of rising from high to low, especially in the second half of the year.
For the second half of the year and the industry trend, Cai Weici said, “The biggest concern is the automotive industry.†He said, “Although the current auto industry is still growing, the increase rate is declining month by month, and passenger cars are the main driving factor. The number of months of decline is relatively large. In contrast, investment-based host products may be slightly improved under a series of strong policies such as the steady growth of the country. In addition to the lower base last year, this year, the steady growth effect may gradually increase. For example, machine tools, although the situation is very difficult, this year's growth rate is higher than the average level of the machinery industry."
“It is expected that the growth rate of the industry in the second half of the year will either stabilize or rebound slightly, but in terms of the overall level of difficulty, this year will not be able to significantly ease.†Cai Weici also said that we must also see positive factors and industrial restructuring is gradually With results, the entire industry must increase its confidence.
From the perspective of imports and exports, although the export situation is largely affected by the exchange rate. “But from the current situation, the decline in imports from the machinery industry has fallen more than exports. Therefore, despite the difficult situation, objectively, the international competitiveness of the machinery industry is improving.†Cai Weici said.
Statistics show that from January to April, the export of machine tool goods was US$3.541 billion, which was a year-on-year increase of 6.6%. The export value of metal processing machine tools was 1.053 billion U.S. dollars, an increase of 10% year-on-year. Imports of machine tools and tools amounted to US$4.9 billion, a year-on-year decrease of 3.2%. The import value of metal processing machines was US$2.8 billion, a year-on-year decrease of 7.4%.
“At present, the growth of the general trade of machinery industry is higher than that of the entire export. In the general trade export, the growth rate of products with relatively high technological content is higher than the average growth rate of general trade. Although the machine tool industry is in deficit, the import growth rate Compared with the export growth rate, exports are rising. Despite the overall situation is grim, but under the compulsion, the machinery industry product structure is upgraded." To this end, Cai Weici stressed that do not underestimate the status quo of the industry development. Under the pressure of the situation, the overall quality of the industry will be improved. Therefore, the entire industry must increase its confidence.
From the perspective of operating characteristics, the growth rate of the machinery industry continued to slow down, and the main economic indicators were low. The value-added of the machinery industry increased by 6.8% from January to February, 6.3% from January to March, 5.8% from January to April, and 5.5% from January to May, and the growth rate continued to slow down. During the period from January to May in the national statistics of 49 medium-sized industries, the growth rate of the value-added of the machinery industry was 36 years lower than that of the same period of last year.
More than half of the product output decreased year-on-year. Of the 119 key product outputs monitored in key areas, 71 products were declining from January to May compared with the same period last year, accounting for 59.66% of the total, and the number of product varieties declining year-on-year continued to increase; there were only 48 products with a year-on-year increase, accounting for 40.34%. . Among the products with a year-on-year decline, there were 44 double-digit declines in product output for the month, and a cumulative total of 30 double-digit declines.
Low profit growth, operating efficiency has slowed down. From January to April, the main business income of the machinery industry was 6.79 trillion yuan, an increase of 3.9% year-on-year; the total profit was 437.759 billion yuan, an increase of 0.83% year-on-year, but still higher than the national industry by 2.6 percentage points. Among them, one of the main reasons for the decline in the profit growth of the machinery industry is that due to the higher base of the automotive industry last year, the profits of the auto industry fell sharply in the first five months of this year.
Export growth fell month by month and imports continued to decline. According to data released by the National Customs, China's export of mechanical and electrical products from January to May was 3.12 trillion yuan, an increase of 2.7%. Among them, exports of electrical appliances and electronic products were 1.35 trillion yuan, an increase of 5.1%; machinery and equipment were 913.57 billion yuan, a decrease of 5.1%. It is expected that the export of mechanical products in May is still not optimistic. Among the key products, automobile exports declined significantly. From January to May, customs statistics and statistics on automobile exports reached 317,000, a year-on-year decrease of 11.6%.
At the same time, with the gradual implementation of a series of steady growth policies by the state, some of the leading indicators in the machinery industry show signs of improvement. First, the decline in cumulative orders from key companies narrowed. From January to April, accumulative orders from key industrial enterprises in the machinery industry fell by 3.8%, which was a 5.44 percentage point drop from the first quarter. Second, the financing environment tends to improve, and the growth of financial expenses and interest expenses has started to decline since the second half of last year. Third, the trend of rising accounts receivable was initially contained, and the increase started to decline slightly. Fourth, the high growth of finished goods inventory has slowed down. Fifth, the price index lasted for 3 months at 98.86%, indicating signs of stabilization. Sixth, the purchase price is still at a low level, which will help the machinery industry to reduce costs and increase efficiency. Seventh, private enterprises have maintained upward momentum.
Industry is now divided into structural adjustments effective for the first half of the month since the industry's downward trend since the first half, Cai Weici frankly, this is the macroeconomic structural adjustment to the investment industry as the mainstay of the mechanical industry structure. "In this case, every industry is very difficult. The difference between industries is quite big."
Among them, the largest decline is in investment products such as construction machinery and heavy mining machinery. Statistics show that from January to April, the accumulative total product output of the construction machinery industry has a negative year-on-year growth rate, among which, loader, excavation, and shoveling soil transportation machinery products have a sharp decline in output growth. In April, the output of major products of the construction machinery industry was still in a declining trend. From the quarter-on-quarter point of view, except that compacted machinery grew by 1.69%, output growth of other sub-industries was negative.
In contrast, industries that are more closely linked with the consumer market, such as the automotive industry, have continued to grow despite the decline in comparison with the previous year. According to the statistics released by the Ministry of Industry and Information Technology on June 23, from January to May, the production and sales of passenger cars were 8,740,500 and 8,583,200, respectively, an increase of 7.79% and 6.36% respectively year-on-year.
Cai Weichai said that the nation’s industry has shown signs of stabilization and stabilization in May, while the machinery industry is still declining, but the pace has slowed down. The reason for this, he believes, is that the base of last year has had a great impact on the trend of the industry this year. In the first quarter of last year, the machinery industry showed a high growth trend. Last year, the operation of the machinery industry showed a trend of rising from high to low, especially in the second half of the year.
For the second half of the year and the industry trend, Cai Weici said, “The biggest concern is the automotive industry.†He said, “Although the current auto industry is still growing, the increase rate is declining month by month, and passenger cars are the main driving factor. The number of months of decline is relatively large. In contrast, investment-based host products may be slightly improved under a series of strong policies such as the steady growth of the country. In addition to the lower base last year, this year, the steady growth effect may gradually increase. For example, machine tools, although the situation is very difficult, this year's growth rate is higher than the average level of the machinery industry."
“It is expected that the growth rate of the industry in the second half of the year will either stabilize or rebound slightly, but in terms of the overall level of difficulty, this year will not be able to significantly ease.†Cai Weici also said that we must also see positive factors and industrial restructuring is gradually With results, the entire industry must increase its confidence.
From the perspective of imports and exports, although the export situation is largely affected by the exchange rate. “But from the current situation, the decline in imports from the machinery industry has fallen more than exports. Therefore, despite the difficult situation, objectively, the international competitiveness of the machinery industry is improving.†Cai Weici said.
Statistics show that from January to April, the export of machine tool goods was US$3.541 billion, which was a year-on-year increase of 6.6%. The export value of metal processing machine tools was 1.053 billion U.S. dollars, an increase of 10% year-on-year. Imports of machine tools and tools amounted to US$4.9 billion, a year-on-year decrease of 3.2%. The import value of metal processing machines was US$2.8 billion, a year-on-year decrease of 7.4%.
“At present, the growth of the general trade of machinery industry is higher than that of the entire export. In the general trade export, the growth rate of products with relatively high technological content is higher than the average growth rate of general trade. Although the machine tool industry is in deficit, the import growth rate Compared with the export growth rate, exports are rising. Despite the overall situation is grim, but under the compulsion, the machinery industry product structure is upgraded." To this end, Cai Weici stressed that do not underestimate the status quo of the industry development. Under the pressure of the situation, the overall quality of the industry will be improved. Therefore, the entire industry must increase its confidence.
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