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Mobile WebSite"Thanks to the effective control of the domestic epidemic and the continuous release of macro policy effects, the machinery industry market demand gradually recovered in the first half of the year, the operating environment continued to improve, foreign trade exports were better than expected, business development confidence continued to increase, and industry production remained stable. It will become brighter.” On August 6, at an information conference held by the China Machinery Industry Federation, Chen Bin, the executive vice chairman of the China Machinery Industry Federation, introduced to the media the operation of the machinery industry in the first half of the year. Looking forward to the development of the industry in the second half of the year, he pointed out that the impact of the sharp increase in raw material prices on the efficiency of machinery companies has begun to appear. The continuous evolution of overseas epidemics has also aggravated the complexity of the foreign trade situation. Under pressure, the task of smooth operation and high-quality development of the machinery industry throughout the year is still arduous.
The growth rate of benefit indicators is still at a high level
Data from the National Bureau of Statistics show that the added value of the machinery industry in the first half of the year increased by 22.3% year-on-year, which was 6.4 and 5.2 percentage points higher than that of the national industry and manufacturing industry in the same period, and dropped 21.2 percentage points from the first quarter; the two-year average growth rate was 9.8%. The machinery industry mainly involves the five major categories of national economic industries, general equipment manufacturing, special equipment manufacturing, automobile manufacturing, electrical machinery and equipment manufacturing, and instrumentation manufacturing in the first half of the year. The added value increased by 24.3%, 20.1%, 21.8%, and 29.4% and 19.2%, the two-year average growth rate both exceeded 8%.
In the first half of the year, the accumulative output of 121 major products monitored by the machinery industry remained at over 94% year-on-year. Among them: the output of special packaging equipment, metal containers and other products increased exponentially; the growth rate of production and sales of construction machinery products gradually returned, and the growth rate of excavators, loaders, special cement equipment, forklifts and other products slowed to about 30%; agricultural machinery products The growth rate has slowed down. The output of large, medium and small tractors increased by 57.4%, 18.5%, and 27.6% respectively; machine tool products showed a recovery growth, and the output of metal cutting machine tools, machine tool numerical control devices, metal cutting tools and other products increased faster than 30%, industrial robots increased by nearly 70%; automobile production and sales were 12.569 million and 12.891 million, an increase of 24.2% and 25.6% year-on-year. However, due to the shortage of chips, the year-on-year decline in May and June showed a recovery growth. Momentum is hindered; production of some power transmission and transformation equipment is weakening. At the same time, the production capacity utilization level of the main industries of the machinery industry in the first half of the year was also at a high level, which was significantly higher than the same period last year. Except for the automobile manufacturing industry, the capacity utilization rate of other industries is higher than the average level of the national industrial capacity utilization rate during the same period.
Data from the National Bureau of Statistics show that the machinery industry achieved a cumulative operating income of 12.49 trillion yuan in the first half of the year, a year-on-year increase of 30.85%; realized a total profit of 801.32 billion yuan, a year-on-year increase of 41.99%; the growth rate of both indicators was at a relatively high level. What is particularly gratifying is that the 14 sub-sectors of the machinery industry are operating well, and their operating income has achieved a year-on-year growth of more than 10%. Among them, the robot and intelligent manufacturing, other civilian machinery, electrical appliances, and machine tool industries have increased by more than 30%. %; total profits have achieved a growth of more than 10%. Among them, the growth rate of other civil machinery industries exceeds 90%, and the growth rate of machine tool industry exceeds 85%, ranking the top two. The profit growth of electrical appliances, robots and intelligent manufacturing, and the automotive industry The speed also exceeds 40%.
Strong leading role in strategic emerging industries, continuous new progress in the development of major equipment
Chen Bin summarized the many bright spots that appeared in the operation of the industry in the first half of the year, among which are worth paying attention to:
In the first half of the year, the machinery industry’s strategic emerging industries and related industries achieved a cumulative operating income of 9.49 trillion yuan, an increase of 32.07% year-on-year, and the growth rate was 1.22 percentage points higher than the average level of the machinery industry; the total profit achieved was 596.841 billion yuan, an increase of 45.07% year-on-year 3.08 percentage points higher than the average level of the machinery industry. In terms of proportions, the strategic emerging industries of the machinery industry accounted for 75.98% of operating income in the first half of the year, 1.58 percentage points higher than the same period last year; the proportion of total profits was 74.48%, 0.88 percentage points higher than the same period last year. It can be said that strategic emerging industries are still leading and driving the recovery and development of the machinery industry.
Thanks to the effective prevention and control of the domestic epidemic and the rapid restoration of production order, machinery companies take the initiative to seize opportunities in the international market. In the first half of the year, my country's machinery industry achieved a total import and export volume of US$491.72 billion, a year-on-year increase of 36%. The total export value was US$311.66 billion, a year-on-year increase of 40.3%, and the total import value was US$180.06 billion, a year-on-year increase of 29.2%. The trade surplus was US$131.6 billion, both hitting a record high in the same period. Some companies have adopted multiple methods to actively explore the international market. For example, the new model of smart mining truck developed by Sunward Intelligent successfully opened the Indonesian market, driving the company's total export of smart equipment to increase by more than 90%; Zoomlion provides users with product selection , Transportation, customs clearance, third-party inspection, operation training and other full-process "one-stop" services. In the first half of the year, the market share of tower cranes in the Philippines jumped sharply.
With the goal of “carbon peak and carbon neutrality” as the driving force, the machinery industry is actively adjusting to help the transformation of energy consumption. In the first half of the year, the production and sales of new energy vehicles in my country were 1.215 million and 1.201 million respectively, a year-on-year increase of both. The power generation equipment produced a total of 61,723,300 kilowatts, of which the combined production of clean energy hydropower and wind turbines produced 33,670,600 kilowatts, accounting for more than half, and the proportion increased by 5.21 percentage points from the previous year. At the same time, machinery companies are actively exploring opportunities in the "dual-carbon" new market to deepen the integration and development of the high-load energy industry. For example, Shanghai Electric Group and Benxi Iron and Steel Group have launched a comprehensive strategic cooperation to help build a green, smart and clean steel plant.
The machinery industry adheres to the development concept of independent innovation, and the research and development of major equipment continues to make new progress. For example, Harbin Electric Group and Dongfang Electric Group participated in the construction of the world’s largest hydropower project under construction, the most technically difficult hydropower project, the Jinsha River Baihetan Hydropower Station. A major breakthrough in equipment manufacturing. The first domestic F-class 50MW heavy-duty gas turbine independently developed by Dongfang Electric successfully achieved full-load and stable operation, marking a major breakthrough in my country's independent gas turbine industry. The first set of domestic-made 30MW-class natural gas long-distance pipelines jointly developed by China State Shipbuilding Corporation 703 Research Institute, National Petroleum and Natural Gas Pipeline Group West-East Gas Transmission Branch, Harbin Steam Turbine Plant of Harbin Electric Group, Shenyang Blower Group and other units The acceptance of the compressor unit is another major development in the field of energy equipment in my country.
Thanks to the empowerment of digital and intelligent technologies, the machinery industry has continued to improve its ability to provide equipment for various industries in the national economy, while also gaining new momentum for its own development. For example, XCMG's unmanned cluster road machinery was successfully applied to the large-area asphalt paving operation of Xinjiang's first desert expressway S21 Awu Expressway; the intelligent cleaning robot participated in the research and development of Xinsong was successfully applied to the Gezhouba Hydropower Station; Weichai Lovol Heavy Industry The produced unmanned wheat harvester and unmanned tractor form an unmanned harvesting system, which realizes the dual-machine coordinated operation of wheat harvesting and field transfer through mobile phone control, and improves harvesting efficiency. Shanghai Electric Group participated in the construction of the country's first China-transport volume digital track Lingang New Area Line 1 was fully operational.
Material rise, industry cost pressure rises, product prices are low, business efficiency declines
Chen Bin also said frankly that the machinery industry is also facing many difficulties and problems in its operation, which should be paid enough attention to in the next step of development.
On the one hand, while the prices of raw materials continue to be high, increasing the cost pressure of the industry, the prices of mechanical products are at a low level, and corporate efficiency indicators have declined.
According to a special survey of key contact enterprises in the machinery industry, 95% of the surveyed companies reported that the purchase price of raw materials has increased this year, and 91% of the surveyed companies reported that the purchase of parts and accessories has increased in price this year, which has increased the cost pressure of machinery companies. In the context of continuous, substantial and rapid increases in raw materials, the ex-factory prices of machinery industrial products have risen weakly and relatively lagging behind. In the first three months of this year, the ex-factory price index of the machinery industry was 99.2, 99.1 and 99.5 respectively, still in a state of declining year-on-year. It was not until April that the ex-factory price index of the machinery industry turned from negative to positive year-on-year. The growth rate rose to 1.1% in June, but it was far lower than the 26% increase of the raw material purchase price index and the raw material industry ex-factory price index over the same period.
The difference between the purchase price of raw materials and the changes in product sales prices has affected the profitability of the machinery industry. Single-month data show that the growth rate of total machinery industry profits has fallen sharply. The growth rate was 94.1% in March, 3.7% in April, 1.99% in May, and the growth rate in June changed from positive to negative, down 9.84% year-on-year.
On the other hand, it is difficult to collect corporate accounts and the industry's low capital turnover rate is worthy of attention.
According to the National Bureau of Statistics, the total accounts receivable of the machinery industry was 5.52 trillion yuan at the end of June, a year-on-year increase of 9.72%, accounting for nearly one-third of the country’s total industrial accounts receivable. Special survey results showed that 60% of the surveyed companies’ accounts receivable increased year-on-year in the first half of the year, and 24% of the companies increased by more than 10%; more than 60% of the surveyed companies’ accounts receivable increased year-on-year, and 23% of the companies’ accounts receivable increased by more than 10%. . Enterprises report that the number of customers using bill settlement has increased significantly, which has led to increased pressure on their own capital turnover. At the end of June, the machinery industry's current asset turnover rate was 1.45 times, 0.36 times lower than that of the national industry in the same period. Insufficient funds have also restricted the recent investment in fixed assets of enterprises.
The annual operation showed a trend of high before and low afterwards. Revenue and total profit increased by 6%
When looking forward to the development of the industry in the second half of the year, Chen Bin analyzed and believed that the factors conducive to the operation and development of the machinery industry are accumulating and releasing. First, the improvement of the economic environment drives the expansion of market demand. Under the background of steady strengthening and steady improvement of the national economy, users of the machinery industry have significantly increased their willingness to transform and upgrade and expand production. In the first half of the year, fixed asset investment in the manufacturing industry increased by 19.2%, which is conducive to the smooth operation of the machinery industry. The second is a stable policy environment and precise control measures to boost corporate confidence. The positive effects of the supporting policies introduced by the state in the early stage continued to show. A batch of precise control policies introduced in the first half of the year focused on small and medium-sized enterprises and enterprises in difficulties, intensified efforts to rescue enterprises, built a joint policy force, and boosted enterprise development confidence. The third is the acceleration of digital and intelligent development in the context of normalization of epidemic prevention and control. The global epidemic prevention and control situation is complex and changeable, which profoundly affects the development trend of industrial technology. The mechanical industry user industry has a surge in demand for digital transformation and intelligent manufacturing. The increase in external demand is combined with the endogenous power of the transformation and development of the machinery industry to promote the implementation of the high-quality development strategy of the machinery industry.
But he also pointed out that in the second half of the year, the pressure on the machinery industry to achieve smooth operation has increased. The unstable and uncertain factors in the recent industry operations need to be closely watched. First, the production of some products showed signs of falling from a high level. In June, the output of excavators was 27,000 units, a year-on-year decrease of 25.65%; the production of automobiles was 1.943 million units, a year-on-year decrease of 16.5%; the monthly output of large and medium-sized tractors, agricultural products primary processing machinery, and pollution prevention equipment also declined year-on-year. Second, there are uncertainties in the foreign trade market. A special survey of key contact enterprises shows that overseas markets are under greater pressure to continue orders. Forty percent of enterprises' orders on hand can meet production in the third quarter, and 20% of enterprises' orders on hand can meet production for the whole year. Coupled with the impact of epidemic fluctuations on project performance and delivery of finished products, as well as the impact of rising exchange rates, there is uncertainty in the export situation of the machinery industry in the second half of the year. Third, the prices of raw materials are still high. Although the recent rapid rise in the prices of bulk commodities such as steel and non-ferrous metals has been suppressed, prices are still fluctuating at high levels, and the impact on the efficiency of the machinery industry continues. In the second half of the year, machinery companies may face financial pressures due to the high cost of raw materials and the difficulty in collecting accounts. In addition, the month-on-year increase in the year-on-year base also exerted significant pressure on the growth of major indicators in the second half of the year.
Chen Bin believes that the overall economic operation of the machinery industry in 2021 will show a trend of high and low, and the growth rate of major economic indicators in the second half of the year will be significantly slower than that of the first half, but the machinery industry is still confident in completing the annual target. It is estimated that for the whole year, the growth rate of the added value, operating income and total profit of the machinery industry can reach about 6%, and foreign trade import and export are expected to achieve new breakthroughs.
