The first 10 months of the machinery industry operating indicators were better than expected_Industry News

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The first 10 months of the machinery industry operating indicators were better than expected

Time: 2017-12-05 View: 748 Burst:

At present, the main economic indicators of the machinery industry have maintained growth with steady growth, with the main indicators growing faster than expected and market confidence steadily rising.
Performance indicators were better than expected
Economic performance indicators of the machinery industry were better than expected from January to October. The added value of the machinery industry increased by 11 percent year-on-year, down 0.1 percentage points from the january-september period (11.1 percent) and 1.7 percentage points higher than the growth rate of the machinery industry (9.3 percent) in the same period last year. It continued to be 4.3 and 3.8 percentage points higher than the national industry (6.7%) and the manufacturing industry (7.2%), which was significantly better than the forecast at the beginning of the year.
In major industries, the automobile manufacturing industry continued to lead the growth of the whole industry, with the industrial added value increasing by 13% year-on-year from January to October, 2 percentage points higher than the industry average.
Electrical machinery and equipment manufacturing industry slight improvement month by month. Growth in the january-october period was 10.7 percent year-on-year, unchanged from the january-september period (10.7 percent) and 2 percentage points higher than the year-earlier period (8.7 percent).
The base of general equipment manufacturing industry and special equipment manufacturing industry was relatively low in the same period of last year. From January to October 2017, the recovery was obvious, with year-on-year growth of 10.9% and 12.1% respectively. The growth rate was 5.6 and 6.1 percentage points higher than that of the same period of last year (5.3% and 6.0%).
From January to October, among the 119 major products monitored by the machinery industry, 91 were increased year-on-year, accounting for 76.47%. There were only 28 products, 23.53% of which were down year on year.
Of the 90 products with year-on-year growth, 52 products continued to increase on the basis of year-on-year growth, and 36 products changed from year-on-year decline to year-on-year growth. Especially digging shovel of transportation machinery, compaction machinery, industrial automation control system, environmental monitoring instrument, optical instrument, oil refining, chemical production of special equipment, gas separation and liquefaction equipment, metal rolling equipment, cameras, special printing equipment, numerical control machine tool equipment, metal cutting tool, large power transformer, low voltage switch board, industrial boiler, springs, metal container from the previous year fell into double-digit year-on-year growth.
Profit growth outpaced revenue growth
From January to September, the whole industry realized the main business revenue of 18901.582 billion yuan, up 10.67% year on year, 3.48 percentage points higher than the same period of last year (7.19%), but lower than the national industry of 1.85 percentage points.
The total profit of the machinery industry in the january-september period was 12763.42 billion yuan, up 13.69% year-on-year, 6.26 percentage points higher than that of the same period last year (7.43%), but lower than that of the national industry (22.85%) by 911 percentage points. Profit growth was 3.02 percentage points higher than main business revenue growth.
The automotive and electrical and electrical industries are still the main supporting forces. From January to September, among the main business income of different industries, automobile industry was the first, accounting for 34.43% of the mechanical industry, followed by electrical and electrical industry accounting for 23.75%, and both industries accounted for 58.18% of the mechanical industry.
In the period from January to September, the automobile industry was the first among the various industries, accounting for 40.59% of the mechanical industry, followed by the electrical and electrical industry accounting for 20.49%, and the two industries accounted for 61.08% of the total profit of the mechanical industry.
Most of the machinery industry's performance indicators were better than a year ago.
Export and import slump continued to improve
Foreign trade imports, exports all out of the decline in the last year. From January to September, the total import and export of machinery industry was usd 5199.62 billion, up 9.06% year on year. Among them, usd 2223.341 billion was imported, up 12.77% year on year (-5.18% year on year), up 17.95 percentage points. Exports were $296.622 million, up 6.42 percent year on year (-4.69 percent year on year), up 11.11 percentage points. The machinery industry achieved a trade surplus of $732.81 billion.
The growth rate of import and export in foreign trade increased from the year-on-year decrease in each month to the year-on-year growth. From the perspective of month-to-month growth, the export maintained a slight increase (single digit growth), while the import continued to grow in double digits. The import growth in January to September was faster than the export growth by 6.35 percentage points.
The total pattern of import and export in the industry changes little. The import of machinery industry is mainly concentrated in three sub-industries, the instrument and instrument industry (import usd 373.78 billion, accounting for 16.74% of the total industry imports). Electrical and electrical industry ($38.932 billion, 17.43%); The auto industry ($56.9 billion, or 25.48 percent), and the three industries together account for 59.65 percent of total machinery imports.
Export of machinery industry is also mainly concentrated in three industries: petrochemical general machinery industry ($522.07 billion, accounting for 17.6%); Electrical and electrical industry ($78.16 billion, 26.35%); The auto industry ($4.18.26 billion, accounting for 10.49%), and the three industries together account for 54.44% of total exports.
The construction of "One Belt And One Road" proposed by the state has a driving effect on the mechanical industry. From January to September, the export volume of machinery industry to countries along the "One Belt And One Road" reached $97.085 billion, accounting for 32.73% of the total export volume of machinery industry. In particular, the export volume to the ten asean countries reached $37.767 billion, accounting for 38.9% of the "One Belt And One Road" countries.
From January to September, the import and export growth rate of machinery industry was 2.64 percentage points lower than that of national foreign trade. Among them, exports are 1.08 percentage points lower than national foreign trade, and imports are 4.53 percentage points lower than national foreign trade.
Fixed-asset investment remained low
From January to October, the machinery industry achieved a cumulative fixed asset investment of 4,240.15 billion yuan, up by 3.35% year-on-year, 2.61 percentage points higher than the same period last year (0.74%), 3.95 percentage points lower than the growth rate of fixed asset investment (7.3%) in the same period, and 0.75 percentage points lower than the manufacturing industry (4.1%). However, the structure of fixed assets investment is changing quietly from extension to connotation. From January to October, the purchase of machinery and equipment increased by 8.35% year-on-year, construction investment increased by 2.68% year-on-year, and the purchase of equipment was 5.67 percentage points higher than that of building installation.
Fixed-asset investment in the machinery industry fell 0.22 percent year-on-year to 443.2 billion yuan in October, 0.17 percentage points higher than the decline in january-september (-0.05%).
Funding declines continue to narrow. From January to October, the actual amount of funds allocated by the machinery industry was 3,997.762 billion yuan, down 0.03% year on year. The decline was 0.77 percentage points lower than that in january-september.
Related products grow rapidly
Led by the supply-side structural reform, while consumer products continued to grow, some investment-related products rebounded. The expansion of products closely related to the consumer market. From January to October, the automobile production and sales volume reached 22,956,800 and 22,927,100, respectively, up 4.27% and 4.13% from the same period last year. From January to October, automobile engines driven by automobiles grew 19.11% year on year, automobile instruments increased 12.25% year on year, hydraulic components increased 1.27% year on year, pneumatic components increased 9.22% year on year, seals increased 5.27% year on year, and moulds increased 8.77% year on year. The number of tourism-related cameras increased by 11.63% year-on-year, of which digital cameras increased by 22.75% year-on-year. Special equipment for plastic processing related to consumption and processing of consumer products increased by 12.78 percent year-on-year, special equipment for packaging increased by 1.91 percent year-on-year, machinery for cotton processing increased by 5.04 percent year-on-year, machinery for processing agricultural products increased by 10.48 percent year-on-year, and specialized equipment for feed production increased by 7.71 percent year-on-year. Low voltage electrical appliances related to people's livelihood consumption increased by 21.35% year on year, cables for communication and electronic network increased by 6.49% year on year, optical cable increased by 9.56% year on year, electric portable tools increased by 13.5% year on year, and whole motorcycle vehicles increased by 8.1% year on year.
Sales of products related to environmental protection are growing rapidly. In October, the production and sales of new energy vehicles reached 92,000 and 91,000 respectively, up 85.9% and 106.7% year on year, respectively. From January to October, the special instrument for environmental monitoring increased by 3.28 percent year-on-year, and the equipment for environmental pollution prevention and control increased by 10.11 percent year-on-year, among which the equipment for water pollution prevention and control increased by 7.88 percent year-on-year. Solid waste treatment equipment increased by 20.66% year-on-year.
The growth momentum of products related to intelligent manufacturing and national industrial upgrading continues to improve. Instrumentation industry product has good growth momentum this year, particularly with the environmental monitoring, food safety, intelligent manufacturing and third party inspection system integration projects in the field of product is growing rapidly, specific products such as: industrial automation instrument and control system year-on-year growth of 18%, 24.6% faster than the same period last year, tester year-on-year growth of 73.62%, analytical instruments and devices year-on-year growth of 9.28%, optical instrument year-on-year growth of 5.54%. The gold cutting machine in machine tool products increased by 7.2% year on year, among which the numerical control machine tool increased by 0.69% year on year, and the numerical control device of machine tool increased by 31.15% year on year. High - grade CNC bearings are in great demand.
National infrastructure construction to drive the growth of engineering machinery products. The construction of airports, railways, highways, mines, and rural water conservancy infrastructure has been gradually improved with the funds in place, which has a significant impact on the construction machinery and equipment.
From January to October, all 10 major products of the construction machinery industry were increasing: excavator increased by 65.84% year-on-year, loader increased by 27.52%, concrete machinery increased by 4.78% and compaction machinery increased by 18% year-on-year.
National key construction projects drive the growth of related products. In the national key transmission channel construction projects and distribution network and boost a new round of rural power grid upgrading project of construction and reform, power transmission and transformation related products to maintain growth, among them, the power transmission and transformation related transformer year-on-year growth of 3.91%, which rose 26.71% from a large power transformer, transformer year-on-year growth of 1.5%, 14.04% growth power capacitor, high-voltage switch board year-on-year growth of 5.32%, high voltage switch equipment (above 110000 v) rose 6.85% year-on-year, power cable year-on-year growth of 3.76%, insulation products increased 16.89% year on year.
Looking ahead to 2018
The machinery industry is expected to run relatively smoothly in 2018, but growth is expected to be slightly lower than this year, estimated at around 7 percent higher than this year.
Favorable factors for the machinery industry. First, the main economic indicators of the machinery industry are rising steadily. The order situation is stable and good without any drastic changes. Second, although the transformation and upgrading of the mechanical industry is far from complete, it has been promoted and achieved some results. Third, among the major sub-industries, automobile industry, electrical and electrical industry, petrochemical general industry and general parts industry are still important support for the machinery industry. The automobile, electrical and electrical industries will be affected by the base increase in 2017, and the growth rate will fall in 2018. The general petrochemical industry and the machinery foundation industry will maintain stable operation.
Disadvantages of the machinery industry. First, the situation is relatively good this year. Next year, the investment intensity of the national special fund will weaken. Second, the growth rate of heavy-duty trucks and construction machinery will fall from the high level next year. Third, it is expected that the leading products in the electrical industry (power generation equipment and uhv transmission and transformation equipment) will be difficult to produce and sell next year.
The auto industry will withdraw from the purchase tax and preferential policies next year, and the consumption environment will become increasingly severe, which will have a restraining effect on auto consumption. Auto production and sales will continue to grow at a lower rate next year than this year.