Slowdown in the machinery industry does not change the trend of steady and rapid growth
January to July this year, the national machinery industry production and sales growth rate is stable in slightly lower, the industry completed a total of industrial output value of 92388.13 billion yuan, an increase of 26.43%, the growth rate of 9.39 percentage points slower than the same period last year, 0.65 percentage points slower than the previous month. The industry completed sales output value of 90,133,382 million yuan, an increase of 26.16%, the growth rate of 10.43 percentage points slower than the same period last year, 0.57 percentage points slower than last month. The first seven months of total output value and sales value growth rate than last month were slower, especially the sales value growth rate is a monthly decline in the trend, the average monthly decline of 0.6 percentage points, but the overall decline is not large, continue to maintain the growth of more than 26%.
The first half of the year, the national machinery industry enterprises to achieve steady and rapid growth, the main economic efficiency indicators growth rate fell slightly. Among them, the main business income increased by 26.55% year-on-year; achieve total profits increased by 21.94%; the loss of enterprises to reduce the loss surface, the loss of 31.13% year-on-year growth; the overall level of economic efficiency is stable.
According to the China Machinery Industry Federation statistics, from January to July in the main products there are 101 products in the cumulative year-on-year growth, accounting for 84.87% of all reported product varieties.
Industrial value-added growth rate for the first time below the national industrial level
January to July, the value added of machinery industry grew 15.9% year-on-year, higher than the national industrial growth rate of 1.6 percentage points, the same month in July, the value added of machinery industry grew 13.5% year-on-year, lower than the national industrial growth rate of 0.5 percentage points, the first time in the year below the national average level of industrial value added. At the same time, in the various sectors of industry, machinery industry value added growth rate has dropped from the third place at the beginning of the year to the fourth place.
High contribution of private and triple-funded enterprises to industry production
From different holding enterprises, state-owned enterprises completed the total industrial output value of 206.434 billion yuan, an increase of 12.56%; lower than the industry average of 13.87 percentage points. Private enterprises completed a total output value of 4,986.391 billion yuan, an increase of 34.39%, 7.96 percentage points higher than the industry average. Three-funded enterprises completed a total output value of 1,931.056 billion yuan, an increase of 23.25%, 3.18 percentage points lower than the industry average. State-owned enterprises production growth rate of 21.83 and 10.69 percentage points lower than the private and triple-funded enterprises, respectively. From the total output value contribution rate, state-owned enterprises are also lower than private and triple-funded enterprises 54.16 and 6.94 percentage points.
Most industries export delivery rate fell year-on-year
From January to July, the industry completed export delivery value of 940.951 billion yuan, an increase of 26.71%, the growth rate is slightly higher than the total industrial output value of the same period of 0.28 percentage points. At the same time, the industry-wide export delivery value rate increased by 0.05 percentage points year-on-year, but by industry, seven of the thirteen industries export delivery rate fell year-on-year, including agricultural machinery, instruments and heavy mining industry fell by more than 1 percentage point, petrochemical general, machine tools and basic parts industry fell by more than 0.5 percentage points.
The main product output to complete a good situation
January to July machinery industry product production and sales rate of 97.56%, 0.34 percentage points lower than the national industry, slightly down from the previous year's 97.76%, a total decline of 0.2 percentage points, including cultural office equipment industry fell faster, down 3.08 percentage points year-on-year.
In this month's statistics of 119 major products in the machine federation, the cumulative year-on-year growth of 101 products, accounting for 84.87% of all reported product varieties; more than double-digit growth of 77 products, accounting for 64.71% of all reported products; 18 products decreased production than last year, accounting for 15.13% of reported products. The specific product situation is as follows:
First, corn harvesting machinery, agricultural products processing machinery, feed production machinery and cotton processing machinery to continue the trend of faster growth in the first half of the year, January to July year-on-year growth of 38% or more. Large and medium-sized tractor production grew steadily, 24.34% and 22.82% in January to July, respectively.
Second, January to July excavators, loaders and concrete machinery year-on-year growth of more than 21%, but excavators and loaders growth rate than last month fell significantly, down 6.64 and 6.82 percentage points, respectively. Compaction machinery for the month and cumulative output were down, down 65.84% and 14.40% year-on-year, respectively.
Third, the January to July auto production and sales continue to cool down, car year-on-year growth of 3.99%, the growth rate of 0.98 percentage points lower than last month. By model, displacement of 1.0 liters and below cars, displacement in 2.5 to 3.0L cars, multi-purpose passenger cars, sports multi-purpose passenger cars, buses and cargo cars production growth rate than last month, which fell faster is the bus and cargo cars, respectively, down 4.1 and 2.59 percentage points.
Fourth, the heavy mining industry in the mining special equipment, cranes and metal rolling equipment to maintain steady growth, 1 ~ July year-on-year growth of more than 18%. And metal smelting equipment demand continues to be sluggish, the month of July and cumulative production were negative growth, down 23.1% and 3.48% year-on-year, respectively.
Fifth, the instrumentation industry in the analytical instruments and devices and testing machines grew faster, up 41.58% and 36.36% year-on-year, down 10.18 and 0.41 percentage points respectively over the previous month. Than last month's growth rate fell faster than the previous month, there are also environmental monitoring instruments, down 7.53 percentage points.
Sixth, January to July power generation equipment grew 19.54% year-on-year, down 2.49 percentage points from the previous month, including wind turbines fell significantly, the month's output fell 32.82% year-on-year, the cumulative output grew 34.52% year-on-year, but slower than last month by 16.8 percentage points. Transformer growth in power transmission products stand out, January to July year-on-year growth of 20.84%, an increase of 12.02 percentage points over the previous month.
The main business income growth rate fell back to slow down
In the first half of the year, the national machinery industry enterprises main business income 7,629,039 billion yuan, an increase of 26.55%, down 4.55 percentage points from the beginning of the year, and 3.16 percentage points below the national average for industrial enterprises.
June month completed the main business income of 1,511.64 billion yuan, an increase of 24.46%, down 1.18 percentage points from the previous month (25.64%). Among them: state-owned, private, triple-funded and other enterprises to complete the main business income of 330.363 billion yuan, 837.454 billion yuan, 301.711 billion yuan and 42.111 billion yuan, an increase of 6.79%, 34.61%, 20.87% and 25.9%, respectively, from the growth rate, the growth rate of state-owned enterprises in single-digit growth, while private, triple-funded and other enterprises to maintain Double-digit growth, private and other enterprises were 10.15 and 1.44 percentage points higher than the average level of the industry in the month.
From the industry revenue, the construction machinery industry this year is a month by month reduction in the trend, the automotive and internal combustion engine industry is fluctuating changes in the trend, the remaining 11 industries have maintained steady growth. From the month-on-month growth rate, the internal combustion engine and automobile industry from negative to positive, respectively, 16.9 and 10.03 percentage points; agricultural machinery industry ring growth of 15.58%, down 38.83 percentage points from the previous month; construction machinery industry has been negative growth this year, but the rate of decline has narrowed.
Total profits continue to grow
In the first half of the year, the national machinery industry enterprises to achieve profits of 535.115 billion yuan, an increase of 21.94%, down 8.8 percentage points from the beginning of the year (30.74%), down 0.47 percentage points from the previous month (22.41%), the rate of decline has slowed down. 107.853 billion yuan of profits in June, an increase of 16.757 billion yuan over the previous month, an increase of 20.08%, 11.06 percentage points higher than the previous month (9.02%).
Profit margin of main business income rose to 7.01% from 6.62% at the beginning of the year, higher than the national industry by 0.81 percentage points. From an industry perspective, five industries, including construction machinery (10.59%), instrumentation (8.38%), automotive (8.15%), internal combustion engines (7.33%) and food packaging (7.08%), were above the industry average, especially the profit margin of main business income of the construction machinery industry was 3.58 percentage points higher than that of the whole industry.
The overall level of economic benefits remain stable
In the first half of the year, the overall level of economic efficiency of the machinery industry remained stable, with some indicators slightly higher than the national industrial level. Among them: capital preservation rate of 127.43%, 6.28 percentage points higher than the national industry; cost profit margin of 7.65%, 0.86 percentage points higher than the national industry; main business income profit margin of 7.01%, 0.81 percentage points higher than the national industry.
It is worth mentioning that the enterprise current asset turnover rate accelerated month by month, but the average balance of current assets decreased month by month, down 43% year-on-year in the same month, which is a cause for concern.
The loss of enterprises month by month to reduce the amount of losses rose slightly
In the first half of the year, the national machinery industry enterprises aggregated 69,874, including 8,083 loss-making enterprises, 490 less than the previous month, the loss of 11.57%, compared with the beginning of the year (16.14%)