Since the beginning of this year, under the dual pressures of declining production growth, overcapacity, weak demand, and rising rigid costs such as wages, various indicators of the machinery industry have been operating at a low level. In the first quarter, the profit growth of enterprises above the scale of the machinery industry was only 1.42%. Loss of profitability.

Economic indicators Low-speed growth Imports Decline Export growth

This year, the start of the machinery industry continued its downward trend last year. According to statistics from the National Bureau of Statistics, from January to April, the accumulative value-added growth rate of the machinery industry was 5.8%, which was 0.5 percentage point lower than that in the first three months, which was lower than the growth rate of machinery industry of the same period of last year by 5.7 percentage points, and also lower than that of the whole year of last year. 4.2 Percentage point; lower than the national industrial growth rate of 0.4 percentage points over the same period, while lower than the same period manufacturing 1.2 percentage points. This is a rare phenomenon in recent years that is lower than the national industry and below the manufacturing industry.

From January to March, the main business income of China's machinery industry enterprises was 4,969.483 billion yuan, an increase of 4.57% year-on-year, 0.85 percentage points lower than that in January and February, 7.98 percentage points lower than the same period of last year, and 4.84 percentage points lower than the end of the previous year. However, it was 2.57 percentage points higher than the national industry over the same period.

In the first three months, the total profit of China's machinery industry enterprises totaled 314.07 billion yuan, up 1.42% year-on-year, 1.26 percentage points higher than in January-February, still the lowest level since 2008, and the growth rate was 21.39 percentage points lower than the same period of last year. It fell 9.19 percentage points from the end of the previous year, 4.12 percentage points higher than the national industry.

From January to March, the profit rate of machinery enterprises above designated size was 6.32%, a year-on-year decrease of 0.19 percentage points; the total asset contribution rate was 12.48%, a year-on-year decrease of 0.66 percentage points; the current assets turnover rate was 1.89 times, a year-on-year decrease of 0.04 percentage points; The rate was 6.77%, a year-on-year decrease of 0.25 percentage points.

In the first three months, the total import and export volume of the machinery industry was 160.188 billion U.S. dollars, a year-on-year decrease of 0.27%. The total amount of imports was 66.72 billion U.S. dollars, a year-on-year decrease of 7.75%; the total export value was 93.468 billion U.S. dollars, an increase of 5.85% year-on-year. The trade surplus is 26.747 billion U.S. dollars. Compared with the same period of last year, imports fell by 20.17 percentage points and exports fell by 1.66 percentage points. Of the export trade, general trade exports increased by 10.93% year-on-year, 13.54 percentage points higher than the processing trade. In addition to the cultural office equipment industry, exports in 13 industries maintained a year-on-year growth, while imports were down 9 industries.

Most industries slowed down by more than half of their output

Among the 49 medium-sized industries in the national statistics, there are 33 growth rates in the value-added growth of the machinery industry.

Of the 119 key products monitored, the number of products increased by 53 percent year-on-year, accounting for 44.54%, and the number decreased by 66, or 55.46%. The year-on-year decline in product varieties continues to increase.

Agricultural Machinery Products: Under the condition that the national agricultural machinery subsidy policy continues to be implemented, the tractors of the main products of the agricultural machinery industry vary. The large tractors welcomed by the market continued to increase in April and this year, with an increase of 67.31% and 35.3%, respectively. Medium-sized tractors accelerated their growth rate in April compared to March, with an increase of 27.63% in April, an acceleration of 19.74 percentage points from March, and a slight decrease of 26.86% and 19.55% respectively in the month and the cumulative decrease; corn harvesting machinery in April. The month-on-year increase of 75.62%, post-harvest treatment machinery and the cumulative increase in both the month.

Construction machinery industry: From January to April, the continuous downturn of the construction machinery industry did not change significantly. According to the statistics, the output of the five major products all decreased year-on-year. Scooping transport machinery decreased by 29.18% year-on-year, of which excavators and loaders decreased by 28.77% and 31.57% respectively year-on-year.

Machine tool industry: In the first 4 months, the machine tool industry saw no obvious improvement in the machine industry, but the number of machine tool numerical control devices increased by 61.61% year-on-year, and the monthly and cumulative growth of metal cutting tools maintained growth. The cumulative production of gold-cutting machine tools was 255,900 units, a year-on-year decrease of 2.05%, including 78,100 CNC machine tools, an increase of 0.84% ​​year-on-year. Among the statistics of the output of the seven products, there are three kinds of products with a year-on-year decline in output. According to preliminary understanding, the production and operation of enterprises in April are still growing at a low rate.

With the growth rate of the machine tool industry declining year after year, new changes have taken place in its structural adjustment. At present, the proportion of domestic consumption of CNC machine tools has risen to 76.6%, which is nearly 7 percentage points higher than that in 2010. The consumption of ordinary machine tools has been declining year by year; the growth rate of forming machine tools has increased; the growth rate of gold-cutting machine tools has declined; the growth rate of machine tools for consumer products has increased. The growth rate of heavy machine tools for investment products has been declining year by year; emerging private enterprises have developed rapidly and traditional machine tool companies have stagnated.

Automotive industry: From January to April, the overall production and sales of automobiles showed a decline in the growth rate of passenger vehicles. The production and sales of commercial vehicles continued to decline, and new energy vehicles drastically increased. In the first four months, the production and sales of automobiles reached 8,280,800 units and 8,148,800 units respectively, an increase of 4.12% and 2.77% over the same period of the previous year, and the rate of increase decreased by 4.87 and 6.3% respectively from the same period of last year. Among them, the production and sales of passenger cars were completed respectively 7.067 million and 6.973 million vehicles, an increase of 9.4% and 7.7% respectively over the same period of the previous year; commercial vehicle production and sales were completed 1,117,200 and 1,117,900, respectively, down by 18.5% and 19.1 respectively over the same period of last year. %. New energy vehicles produced 37,747 vehicles and sold 36,157 vehicles, an increase of 2.4 times and 2.5 times year-on-year respectively.

Internal-combustion engine industry: Affected by the decline in the growth rate of the automotive industry, the output of automotive engines changed from the year-on-year growth in March to the month of April and cumulatively decreased by 10.25% and 2.84% respectively; the cumulative growth rate decreased by 25.95% from the same period of the previous year (15.7%). .

Electrical and Electronic Appliance Industry: From January to April, 14 kinds of 26 types of electrical and electronic products were increased year-on-year, and 9 kinds of output were decreased year-on-year. Accumulated power generation equipment increased by 0.57% year-on-year, of which hydro-generators decreased by 33.94% year-on-year, turbo-generators increased by 9.3% year-on-year, and wind turbine generators increased by 15.56% year-on-year. The power transmission industry has a slightly better development momentum than generators.

In short, the overall performance in the first four months is that the downward pressure on the company's production and operation is still relatively large, and structural upgrading of product upgrades is difficult. First, new energy vehicles supported by national policies, in line with industrial upgrading, energy conservation and environmental protection products continue to grow; second, the host industry market is generally weaker, and basic parts, instruments, and control systems are closely related to the promotion of industry quality. It is better than the host industry. Third, the investment in construction machinery, heavy machinery, and commercial vehicle industries and their related parts and components products have fallen significantly.

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