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2018 Heavy Task Of Transforming And Upgrading The Machinery Industry
Jan 17, 2018

2018 heavy task of transforming and upgrading the machinery industry

Since 2017, the machinery industry has conscientiously implemented the strategic plan of the CPC Central Committee and the State Council, proactively adapted itself to the new normalization of the economy, promoted supply-side structural reforms, expanded effective supply, improved efficiency, exports rebounded, and the economy of the industry maintained a stable and favorable trend. Market confidence gradually improved and economic performance was better than expected.

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Looking forward to 2018, our country will enter the first year of fully implementing the 19th National Congress of the CPC and the key year for the "13th Five-Year Plan". With the improvement of the macro-economic environment and the gradual implementation of the policy favorable to the machinery industry, the national economy The favorable conditions for stable development are still large, and the industry economy is expected to maintain a steady state of operation. However, we should also see that there are still many contradictions and problems in the current economic operation of the industry as well as the problem of insufficient development imbalance in the industry. The worry of stability still exists and the task of restructuring and upgrading remains heavy.


The growth rate of machinery industry continued to high.

From January to November 2017, the added value of machinery industry increased by 10.8% from the same period of last year, 1.2 percentage points higher than the growth rate of machinery industry in the same period of last year (9.6%) and that of manufacturing industry (7.2%) 4.3 , 3.6 percentage points, significantly better than the beginning of the year.

Among the 119 major products monitored by the machinery industry, 87 were up from the previous year, accounting for 73.11% of the total output. Only 31 products showed a year-on-year decrease, accounting for 26.05% of the total, up from 6% in January-October of 2017 Into product output growth rate down. Larger fall mainly in the camera, environmental protection equipment, large power transformers, high-voltage switchgear, molds and other products.

Machinery and industrial products tend to be mostly investment products. In recent years, the drop in investment has led to the continuous downturn of machinery-related investment-related products. In 2017, under the influence of such factors as the demand for industrial replenishment and storage, the structural reform on the supply side and the acceleration of the conversion of old and new kinetic energy, Since 2017, the promotion of machinery and industrial products in consumer products continued to grow while investment products rebounded significantly.


The main products have prominent growth characteristics.

Looking at the overall development, products and growth rates closely related to consumption are outstanding. Machinery industry in the past pay more attention to investment products, in recent years, many products are infiltrating into the consumer field. From January to November 2017, the production and sales of automobiles reached 25.9988 million units and 25.8449 million units respectively, up 3.88% and 3.59% over the same period of last year respectively. From January to November 2017, the number of vehicles powered by vehicles increased 18.42% YoY, that of vehicle instrumentation increased 11.84% YoY, that of hydraulic components increased 1.81% YoY, that of pneumatic components increased 10.41% YoY, that of seals increased 7.24% YoY, and the demand for parking equipment market was very strong .

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Equipment for processing of consumer and consumer products increased 13.21% on a year-on-year basis. Machinery for initial processing of agricultural products increased by 10.46% from the same period of last year, and feed for special equipment increased by 6.52% over the same period of last year. Cables for communication and electronic network increased by 10.51% 9.85%, electric hand tools increased 12.16%, motorcycles increased 9.07%.

Sales of products related to environmental protection grew rapidly. In Nov. 2017, the sales of new energy vehicles completed 122,000 units and 119,000 units respectively, up 70.1% and 83% respectively over the same period of previous year. From January to November 2017, the instruments for environmental monitoring increased by 2.96% as compared with the same period of previous year, and the solid waste treatment equipment cumulatively increased by 33.15% over the same period of previous year respectively.


Data show that, with intelligent manufacturing and national industrial upgrading related products momentum is better. In 2017, the instrumentation industry enjoyed a relatively good growth. Products such as environmental monitoring, food safety, intelligent manufacturing and third-party testing system integration projects increased rapidly. Specific products such as industrial automation instrumentation and control systems increased by 16.8% from a year earlier % Over the same period of last year, an acceleration of 24.6 percentage points over the same period of the previous year. The number of testing machines increased by 80.82% from the same period of last year. Analytical instruments and devices increased by 8.8% from the same period of last year. The number of gold-cutting machines in machine tool products increased by 7.21% from the same period of last year. CNC machine tools grew by 1.55% 14.67%. With the acceleration of growth, the numerical control equipment of machine tool increased by 29.25% from the same period of last year, and decreased from the same period of previous year to a year-on-year increase. The demand for high-grade CNC bearings was relatively large.


National Infrastructure Construction Drives the Rapid Recovery of Construction Machinery Products. Airports, railways, highways, mines, rural water conservancy infrastructure construction, funds gradually improved in place, the construction machinery and equipment pull obvious. From January to November 2017, all 10 main products of the construction machinery industry were all increasing. Excavating and shoveling machinery increased by 47.73% from the same period of last year, excavators increased by 65.12%, loaders increased by 29.38% and concrete machinery increased by 4.69% An increase of 17.81% over the same period of the previous year.

National key construction projects to boost demand for related products. In the state's key transmission channel construction projects and distribution network construction and transformation as well as a new round of rural power grids to upgrade the upgrading project, transmission and transformation related products to maintain growth. Among them, transmission-related transformers increased 2.82%, power capacitors increased 13.68%, high-voltage switchboard up 5.32%, power cables increased 4.04%, insulation products increased 15.14%.


Benefit situation continues to improve.

From the data, machinery industry profits higher than revenue growth. From January to October 2017, the main business revenue of machinery industry reached 21,096.6 billion yuan, up 10.47% over the same period of previous year, 3.25% higher than the same period of last year (7.22%), but 1.88% lower than that of the whole country.

From January to October 2017, the total profit of the machinery industry was 1,426.353 billion yuan, up 13.2% over the same period of previous year, up 6.01 percentage points from the same period of last year (7.19%), but lower than 10.05 percentage points of the national industry (23.25%). Profit growth higher than the main business revenue growth of 2.73 percentage points.


Automotive and electrical appliances industry is still the main support force. From January to October 2017, the automotive industry ranked the first place in the revenue from main businesses in different industries, accounting for 34.72% of the total in machinery industry, followed by 23.75% in electrical and electronics industry, accounting for 58.47% of the total in machinery industry.

From January to October 2017, among the profits from different industries, the automotive industry ranked first, accounting for 40.62% of the machinery industry, followed by the electrical and electronics industry accounting for 20.61% and the two industries accounting for 61.23% of the total profits of the machinery industry.


Sub-industry generally well

Since 2017, the machinery industry sub-sectors have shown a good momentum of development. From January to October 2017, revenue from main operations of automobiles, internal combustion engines, construction machinery, instrumentation and food packaging machinery all achieved double-digit growth.

Among the newly added main business revenue of the whole industry, the automobile industry accounted for 34.72%, down from the previous year; the proportion of the electrical and electronic appliances was 23.75%, slightly increased over the previous year; other industries excluding automobile and electrical appliances accounted for 41.53% The proportion increased 19.09 percentage points over the previous year.

From January to October 2017, profit in the automotive industry increased 8.86% YoY while that of the electrical and electronic equipment industry increased 11.32% YoY, both lower than the overall level of machinery industry (13.2%); other machinery industry excluding automobile and electric appliance industry increased by 19.25% %, And actively promote the growth of the industry profit.

   

Among the new profits of the whole industry, the automobile industry accounted for 28.34%, while the electrical and electronic appliances industry accounted for 17.98%. Excluding the automobile and other industries in the electrical and electronics industry, the combined proportion accounted for 53.68%, a substantial increase of 47.43% over the previous year.


Data show that the efficiency of the machinery industry has increased. The majority of machinery industry benefit indicators better than the same period of previous year.

Machinery industry price index rebounded slowly. In November 2017, the producer prices of manufactured goods in the country rose 5.8% from the same period of last year. The prices of the means of production in the country rose 7.5% over the same period of last year. The producer price index of machinery manufacturers rose only 0.8%, still below the producer price index of industrial and raw material producers. However, judging from the trend, the index of machinery industry ended its year-on-year decline in the price index for five consecutive years since 2012, with a slight increase from month to month in 2017.