The pressure to stabilize in the midst of the slow

2022-08-07
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The pressure to slow down and stabilize still exists, and continue to promote high-quality development - the announcement on the operation of the machinery industry in 2019

the pressure to slow down and stabilize still exists, and continue to promote high-quality development - the announcement on the operation of the machinery industry in 2019

information on China's construction machinery

on February 25, 2020, the information conference on the economic operation of the machinery industry in 2019 was held in Beijing. Affected by the COVID-19, the conference was held in the form of live broadcast of Tencent conference. The press conference was presided over by Chenbin, executive vice president of China Machinery Industry Federation. Chenshihua, Deputy Secretary General of China Automobile Industry Association, and others attended the press conference and answered online questions. At the press conference, executive vice president Chen Bin released the information on the economic operation situation of the machinery industry in 2019. The following is the full text of the economic operation situation of the machinery industry in 2019

there is still pressure to slow down and stabilize. Continue to promote high-quality development

-- Summary of the operation of the machinery industry in 2019

(information release, February 25, 2020)

in 2019, in the face of the complex situation that risks and challenges at home and abroad have increased significantly, the machinery industry conscientiously implemented the decisions and arrangements of the Party Central Committee and the State Council, overcame difficulties and moved forward under pressure. At the beginning of the year, major economic indicators fell sharply, rebounded briefly in March, and then continued to fall again; After entering the third quarter, a number of measures to stabilize growth gradually took effect, the policy of tax reduction and fee reduction was positive, and the economic operation situation of the machinery industry was improved. The annual operating income increased slightly, the production and sales gradually stabilized, and the export was basically stable. However, in general, the industrial structural contradictions that have plagued the development of the industry have not been significantly alleviated, the decline in benefits and the downturn in investment have not been reversed, and the pressure to achieve the smooth operation of the machinery industry still exists

I. Basic Situation of machinery industry operation in 2019

(I) industry operation characteristics

1. The growth rate of added value fluctuated and stabilized

; However, it continued to slow down to 3.9% from April to July; After August, the trend of stabilization gradually appeared. The annual growth rate of added value of machinery industry rebounded to 5.1%, still lower than the national industrial average level (5.7%) in the same period, and also lower than the 6.3% growth rate of machinery industry in the previous year

2. Product production has made Erdogan's reputation reach a new high and gradually recovered.

since June 2018, the production of mechanical industrial products has gradually weakened. The types of output growth in the main products monitored have continued to decrease. By August and September 2019, it has dropped to a phased low. The number of varieties of output growth only accounts for 35.8% of the 120 key products. Since then, it has stabilized and rebounded month by month. In the whole year, the output of 50 main products increased year-on-year, accounting for 41.7%; The yield of 70 species decreased year-on-year, accounting for 58.3%

the increase or decrease in the output of main products shows the following characteristics: first, the production of hoisting equipment, petrochemical equipment, some general equipment and basic parts products has maintained a stable growth; Second, after the rapid growth of construction machinery, instruments and environmental protection products, the growth rate generally dropped, but the overall prosperity is still good; Third, the production of power generation equipment, power transmission and transformation equipment, machine tool products and agricultural machinery products continued to decline; Fourth, automobile production and sales decreased significantly, but the decline gradually narrowed in the second half of the year

3. Decline in economic benefit indicators

in 2019, the accumulated operating income of the machinery industry, including testing, computer-aided design and manufacturing technology, is expected to reach 21.76 trillion yuan, with a year-on-year increase of 2.46%. Throughout the year, it continued to grow at a low speed, with a growth rate 1.39 percentage points lower than that of the national industry; The total profit was 1.32 trillion yuan, a year-on-year decrease of 4.53%. The annual negative growth rate was 1.24 percentage points lower than that of the national industry

in 2019, the operating income profit margin of the machinery industry was 6.08%, 0.44% lower than that of the previous year, 0.22% higher than that of the national industry; The operating income per 100 yuan of assets was 88.78 yuan, a decrease of 2.79 yuan over the same period of the previous year, which was 0.01 yuan lower than that of the national industry

4. The industry operation differentiation is obvious.

the automobile industry continued the downward trend of the previous year in 2019. The annual operating revenue decreased by 1.66% compared with the previous year, and the total profit decreased by 15.3% compared with the previous year, which is the main reason for the decline of the main economic indicators of the machinery industry. Excluding the automobile industry, the operating income of the non automobile industry in the machinery industry increased by 5.18% over the previous year, and the total profit increased by 4.11%, both higher than the average level of the national industry and machinery industry in the same period; Among them, the operating revenues of engineering machinery, robotics and intelligent manufacturing industries achieved double-digit growth, and the profits of cultural office equipment, heavy mining equipment and food packaging equipment industries increased by more than 20%

5. Import and export are generally depressed

according to customs statistics, in 2019, the machinery industry achieved a total import and export volume of 773.5 billion US dollars, a decrease of 2.08% over the previous year. Among them, the import amount was 315.1 billion US dollars, down 6.5% over the previous year, and the import amount of all 14 sub industries increased negatively; Exports reached 458.4 billion US dollars, an increase of 1.22% over the previous year. Among the 14 sub industries, the exports of internal combustion engines, cultural and office equipment, electrical and electrical appliances, basic mechanical parts and automotive industries decreased, while the export value of the other nine sub industries increased. In the whole year, the machinery industry accumulated a trade surplus of 143.3 billion US dollars

6. The prosperity index of the machinery industry covers production, investment, foreign trade, economic efficiency and other dimensions, comprehensively reflecting the operation of the machinery industry. In the first half of the year, the prosperity index fluctuated greatly. After May, the trend of slow recovery gradually appeared. After entering the fourth quarter, the prosperity index continued to be above the critical value, reflecting the recovery of the prosperity of the operation of the machinery industry. In December, the prosperity index of the machinery industry was 100.75

(II) main problems in operation

1. Insufficient demand and falling orders

traditional user industries such as steel, coal, electric power and petrochemical are in the period of capacity adjustment, and the overall demand is declining. Since 2017, the investment in the purchase of equipment, tools and instruments directly related to the purchase of machinery and equipment in the investment in fixed assets has shown a downward trend. In 2019, although the growth rate of national fixed investment was basically stable at the level of 5%-6%, the investment in the purchase of equipment, tools and instruments continued to grow negatively, falling by 0.9% throughout the year. It reflects the overall weak demand market for mechanical products. In this context, the problem of insufficient orders of machinery enterprises has become increasingly prominent. The data show that the cumulative orders of key connected enterprises continued to decline in 2019, with a year-end decline of 0.62%. Although the decline was narrower than that at the beginning of the year, the negative growth has not been reversed

2. Investment in fixed assets slowed down

the growth rate of investment in fixed assets in major industries of the machinery industry generally fell in 2019. In the whole year, the investment in general equipment manufacturing increased by 2.2% year-on-year, 6.4 percentage points lower than that of the previous year; Investment in special equipment manufacturing increased by 9.7% year-on-year, down 5.7 percentage points from the previous year; The investment in automobile manufacturing industry decreased by 1.5% year-on-year, from positive to negative, down by 5 percentage points compared with the previous year; Investment in electrical machinery and equipment manufacturing fell by 7.5% year-on-year, down 20.9 percentage points from the previous year; Only the investment in instrument and meter manufacturing industry maintained a high growth rate, with a growth rate of 50.5%, 43 percentage points higher than that of the previous year

3. Rising costs, falling prices and increasing losses

2019 will still be under great pressure to increase the costs of raw materials, labor and other costs in the machinery industry, with an accumulated operating cost of 1.82 trillion yuan in the whole year, an increase of 2.4% year-on-year; In addition, the sales expenses increased by 2.87% and the financial expenses increased by 3.88%. In the same period, the price of machinery industry products continued to remain low. In each month of 2019, the ex factory price index of the machinery industry has always been in a state of year-on-year decline, and the decline has been deepening. In December, the ex factory price of the machinery industry decreased by 1.1% year on year. The problem that high-quality products cannot be priced at a higher price is very prominent. Affected by this, the loss making enterprises and the amount of losses in the machinery industry increased significantly. By the end of 2019, there were 14474 loss making enterprises above Designated Size in the machinery industry, with a loss area of 16.24%, an increase of 1.86 percentage points over the previous year, and the loss of loss making enterprises increased by 25.98% year-on-year

4. It is difficult to recover the accounts, and the operating efficiency is reduced.

the large amount of notes and accounts receivable and the difficult recovery are the most prominent problems affecting the production and operation of machinery enterprises at present. By the end of 2019, the total notes and accounts receivable of the machinery industry had reached 5.74 trillion yuan, a year-on-year increase of 2.26%, accounting for one third of the national industry, which was much higher than the proportion of the operating income of the machinery industry in the national industry (20.57%); The average payback period of notes and accounts receivable is 95 days, 41.3 days more than the national industrial average; The turnover rate of current assets was only 1.48 times, and the operation efficiency decreased significantly

5. Trade between China and the United States is affected.

the list of three tax increases in the United States (totaling $550billion) involves the machinery industry, accounting for 98% of the total tax numbers of the machinery industry. Affected by this, the machinery industry's trade with the United States declined significantly in 2019. In the whole year, imports from the United States totaled US $32.5 billion, a year-on-year decrease of 10.73%, 4.23 percentage points lower than the average level of the machinery industry; Exports to the United States reached US $69.8 billion, a year-on-year decrease of 16.59%, 17.81 percentage points lower than the average level of the machinery industry. Trade frictions have had a great impact on China US machinery industry trade

II. Continue to promote the high-quality development of the machinery industry

(I) the driving role of strategic emerging industries has been enhanced

; The total profit was 973.082 billion yuan, a year-on-year increase of 0.89%. The year-on-year growth rate of operating revenue and total profit of strategic emerging industries was higher than the average growth rate of the machinery industry in the same period, driving the revenue and profit up by 3.01 and 0.62 percentage points respectively, playing a positive role in driving the steady growth of the whole industry

the operating income of industries related to strategic emerging industries in the machinery industry accounted for 73.68% of the whole industry, an increase of 1.2 percentage points over the same period of last year; The total profit accounted for 73.61%, a year-on-year increase of 3.95%

(II) innovation and development continue to deepen

1. The construction of innovation system continues to advance, and the results show. By the end of 2019, 241 machinery industry innovation platforms have been actually put into operation and under construction, including 134 engineering research centers, 106 key laboratories and 1 innovation center. In 2019, 14 new innovation platforms were added, including 7 engineering research centers and 7 key laboratories. These innovation platforms cover 11 major technical fields of the machinery industry, including agricultural machinery, internal combustion engines, engineering machinery, instrumentation and automation, general machinery, heavy and mining machinery, machine tools, electrical appliances, basic mechanical parts and components, and common mechanical technologies. Through continuous development, breakthroughs have been made in the manufacturing of basic core parts, processing and forming equipment, wind power generation equipment, industrial robot testing, etc

2. The endogenous power of enterprises to participate in R & D and innovation is enhanced. In 2019, although the fixed asset investment in the machinery industry is still at a low level, the investment of enterprises in R & D and innovation has not decreased. According to the statistical data of key associated enterprises in the machinery industry, more than 70% of enterprises' R & D expenses increased year-on-year in 2019. In addition, nearly 45% of the machinery industry innovation platforms are established based on enterprises. It shows that enterprises, as market players, are more and more actively engaged in R & D and innovation activities

3. Develop networking and intelligence to expand enterprise service areas. Leading enterprises in the machinery industry actively practice and innovate in the development of networking and intelligence, and constantly expand the service field. The e-commerce company of XCMG group has built two platforms, the international station machmall and the domestic station mantis, by building the electromechanical industry

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