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In the first half of 2017, the machinery industry showed a good trend and the growth of major economic indicators exceeded expectations. Although this year's auto purchase tax preferential policy has caused some pressure on the production and sales of autos, coupled with the impact of coal power on the capacity of the electrician industry, the two pillars of the growth of the mechanical industry have been driven – the profit growth of the automotive and electrical appliance industries is lower than that of machinery. The overall level of industry, but the whole industry to adapt to the new situation, and actively innovation and transformation, the new kinetic energy continues to increase, offset the adverse factors. In the second half of the year, the machinery industry will maintain a stable operation
Recently, the China Machinery Industry Federation released data on the economic operation of the machinery industry in the first half of 2017. The data shows that the machinery industry is showing a good trend. The growth of major economic indicators has exceeded the expectation. The main business income has reached 12.51 trillion yuan, an increase of 11.6% year-on-year; the total profit has reached 857.6 billion yuan, a year-on-year increase of 14.69%.
Since the beginning of this year, the machinery industry has been actively adapting to the development of the new normal, promoting supply-side structural reforms, expanding effective supply, gradually increasing market confidence, improving efficiency, export recovery, structural optimization, and enhanced momentum for transformation and development. However, there are still many contradictions and problems in the current economic operation of the industry, and the concerns of stability remain. The task of transformation and upgrading is still heavy.
Steady and positive attitude is obvious
Since the beginning of this year, the growth rate of the value added of the machinery industry has continued to exceed the growth rate of the industrial and manufacturing industries in the country last year, and the growth rate has remained above 10%. From January to June, the value-added of the machinery industry increased by 10.9% year-on-year, which was 4 percentage points higher than that of the industrial and manufacturing industries in the same period and 3.5 percentage points respectively, which was 3.1% higher than that of the machinery industry in the same period last year.
The economic benefits increase rapidly. From January to June, the main business income of the machinery industry was 12.51 trillion yuan, an increase of 11.6% year-on-year, which was 4.92 percentage points higher than the same period of last year. The total profit reached 857.6 billion yuan, a year-on-year increase of 14.69%, which was 8.16 percentage points higher than the same period of last year; the output of major products increased year-on-year. Among the 119 key products monitored by the machinery industry in the first half of the year, 94 products increased year-on-year, accounting for 79%, of which 45 products increased from the year-ago year-on-year decline to year-on-year growth.
Chen Bin, executive vice president of the China Federation of Machinery Industry, said that this achievement has benefited from the country’s macroeconomic policies, including the “China Made 2025†policy guidance on “Instruction on Regulating Structure, Promoting Transition, and Increasing Efficiency of Machinery Industryâ€. Implementation, there have been new signs of corporate development.
Compared with last year's growth in machinery industry driven mainly by automobiles and electrical appliances, the machinery industry in the first half of this year is improving. Agricultural machinery, internal combustion engines, construction machinery, instrumentation, general petrochemicals, heavy mining, machine tools and other machinery The main business income of the industry has achieved double-digit growth. Among the new industry-wide profits, except for automobiles and electrical appliances, other industries accounted for 53.52%, a significant increase of 39.16 percentage points over the previous year.
It is worth noting that in the first half of the year, the profits of the automotive industry increased by 11.53% year-on-year, and that of the electrical and electronics industry increased by 9.24%, both lower than the overall level of the machinery industry. In this regard, Chen Bin analyzed that the automobile purchase tax changed from 5% to 7.5%, which had an impact on the production and sales of automobiles; the electrician industry was affected by coal-fired capacity reduction, and the growth rate was lower than last year.
Increased momentum for transformation and development
“Recovery of relevant data in the machinery industry is a recovery growth on the basis of the lower level of the previous year. At the same time, there are also reasons for positive innovation and transformation of the entire industry.†Chen Bin revealed that as the pace of upgrading the market structure has accelerated, more and more machinery industry enterprises Actively respond and take active actions to explore new dynamics through technological innovation and model innovation. The industry’s transformation and development drive is enhanced.
The development of domestic equipment of major equipment will be further developed. The progress in the localization of key components of major machinery and equipment has been accelerated, and a number of equipment that has long relied on imports have been successfully developed. For example, the nuclear power plant reactor protection system platform with completely independent intellectual property rights was successfully developed, breaking the monopoly of foreign manufacturers, marking a solid step forward in the autonomy and localization of China's nuclear power plant digital instrumentation control system. What is particularly worthy of attention is that private enterprises are playing a more and more important role in the process of localization of major equipment with their flexible mechanisms and strong innovation capabilities.
Smart manufacturing started gradually. Driven by the guidance of relevant industrial policies and technological progress, the intelligent upgrade of the machinery industry has started in the manufacturing process. In the pilot demonstration project of the new smart manufacturing mode arranged by the state in the past three years, the machinery industry has undertaken about 46% of the projects. At the same time, the supply capacity of intelligent manufacturing products in the machinery industry is also gradually increasing. The results of a recent questionnaire survey on major industrial robot manufacturers of their own brands show that nearly 90 percent of companies’ new orders in the first half of the year have increased year-on-year, among which 70 percent of corporate orders An increase of more than 20%.
In addition, machinery industry companies continue to expand their service areas and have a significant role in the transformation and development of the entire industry. For example, Chery New Energy Automotive Co., Ltd. and Chongqing Changan Automobile Co., Ltd. jointly with Jiangsu Haoxiang Machinery & Electric Co., Ltd. jointly develop key technologies and complete sets of equipment for short-flow automotive light high-strength composite materials. The company manufactures materials and equipment from the traditional automotive manufacturing field. Extension of the field.
The second half is expected to run smoothly
Looking into the second half of the year, with the improvement of the macroeconomic environment and the gradual implementation of favorable policies, the industry economy is expected to maintain a stable operation.
Specifically, although the preferential policies for automobile purchase tax retreat has formed a certain pressure on the passenger car market, the rapid growth in the production and sales volume of commercial vehicles has become a new support. In the first half of the year, the growth rate of automobile production and sales reached about 4%, which laid a good foundation for achieving the 5% growth forecast for the whole year.
The adjustment of the power generation equipment industry has been intensified, and the output of thermal power equipment has grown at a low rate, which has exerted pressure on the excess capacity accumulated in the early stage of high-speed growth. As a part of a large-scale component manufacturing industry, the mechanical basic parts have been operating since 2017. In the host industry, liquid tightness, bearings, fasteners and other industries have rapidly recovered. In addition, the construction machinery industry, driven by infrastructure construction and urbanization, is expected to maintain a certain growth rate in the second half of the year.
Chen Bin said that although the growth rate of 2017 will be slowed down for the two major leaders in the automotive and electrical industry, which will be supported by the rapid growth of the machinery industry in 2016, the construction machinery, internal combustion engines, general equipment, and mechanical infrastructure will be used in other sub-sectors. The operation will be better than last year. Taking into account the higher base factor in the second half of last year, it is expected that the value added of the machinery industry will increase by 8% in 2017, the total revenue and total profit of main operations will increase by 8%, and the foreign trade export is expected to end in two consecutive years' decline, which is a year-on-year increase. From negative to positive.
However, the China Machinery Industry Federation recently conducted a questionnaire survey on taxation costs, administrative charges, financing costs, energy costs, and labor costs for some key enterprises. It shows that high costs, financing difficulties, and energy use are still the company's production and operation process. Common problems. At the same time, the increase in logistics costs and the rapid increase in raw material prices are also important factors in the recent increase in the cost of machinery companies.
Machinery industry will maintain a stable operation
The total profit realized in the first half of the year increased by 14.69% year-on-year -
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