Since the beginning of this year, the increase in investment in industries such as coal, electricity, petroleum, chemicals, and transportation has driven the rapid development of China's general machinery manufacturing industry. In the first five months of this year, although China's general machinery manufacturing industry continued to maintain a growth trend, it was slowed down by the increase in raw material prices and the country’s macroeconomic control policy.
According to statistics from the National Bureau of Statistics on 3,899 enterprises in China's general machinery manufacturing industry, from January to May this year, China's general machinery manufacturing industry had total assets of 18.2145 billion yuan, a year-on-year increase of 19.09%; the accumulated industrial output value was 625.23 Billion yuan, a year-on-year increase of 24.16%. Among them, the new product output value of 9.165 billion yuan, an increase of 25.95%; industrial output value of 60.29 billion yuan, an increase of 24.26%; completed export delivery value of 10.09 billion yuan, an increase of 27.77%; completed industrial added value of 17.609 billion yuan, year-on-year Growth of 18.16%; realized main business income of 59.289 billion yuan, an increase of 25.94%; total profit of 3.546 billion yuan, an increase of 20.26% (the economic performance of each sub-industry see table).
In the first five months of this year, the output of main products in various sub-industries was completed: 14.133 million units of production pumps, an increase of 12.84% year-on-year; 102.26 million units of fans were produced, a year-on-year decrease of 10.459%; and 14.1333 million units of compressors were produced, a year-on-year increase of 12.84%; The valve was 787,700 tons, a year-on-year increase of 24.59%; the production and reduction of transmissions was 921,600 units, an increase of 25.69% year-on-year; and the production of separation machinery was 1,1956 units, an increase of 21.17% over the same period of last year.
From the above statistics, in the first five months of this year, the economic operation of China's general machinery manufacturing industry showed the following characteristics:
First, production and sales increased at the same pace, and the increase slightly declined. Statistics show that China's general machinery manufacturing industry is in good overall operation, and production and sales continue to maintain a growth rate of more than 25%, but the growth rate has dropped slightly from the same period of last year.
Second, the export delivery value still maintained a relatively high growth rate, and the growth rate dropped. China's general machinery manufacturing industry completed product export delivery value of 13.148 billion yuan from January to May, an increase of 28.41% year-on-year, an increase of 6.83 percentage points from the same period last year. Among them, the export growth rate was 18.8% higher than the import growth rate. The import and export deficit was US$203 million, a decrease of US$303 million over the same period last year.
Third, the total profit increased steadily. From January to May, China's general machinery manufacturing industry realized a total profit of 4.732 billion yuan, an increase of 220.61% year-on-year; the growth rate dropped by 7.59 percentage points from last year, but the total profit increased by 459 million yuan over the same period of last year. The sales rate of products was the same as last year, and the increase of the comprehensive benefit index was 6.47 percentage points lower than that of the same period of last year.
Fourth, the loss surface and accumulated losses have increased slightly. From January to May, the industry's total loss reached 21.34%, an increase of 1.04 percentage points from the same period of last year. The accumulated loss amounted to 340 million yuan, and the loss amounted to an increase of 0.42 billion yuan year-on-year.
To sum up, in the first five months of this year, China's general machinery manufacturing industry caused great pressure on raw materials due to the increase in raw materials prices, resulting in an increase in the cost of main operations, resulting in a slight decrease in the growth rate of production and sales in the industry as compared with the same period last year. The price of raw materials rose, while the prices of sold general-purpose machinery products did not increase, and the profit margin of the manufacturing industry was squeezed even thinner, eventually leading to an increase in loss-making enterprises.
In addition, the lagging effect of the state's macro-control measures began to appear in China's general machinery industry. People in the industry believe that when the industry has experienced extraordinary growth during the current two years, some experts predict that the industry will begin to decline after high growth. Therefore, the trend of this fall in the first five months of this year should be a normal part of the development of the industry, which is conducive to industry consolidation and is not a bad thing. Moreover, the downward trend did not affect the stable operation of the entire industry in the first five months of this year. Moreover, the total profit of individual companies not only decreased but increased slightly. This fully demonstrates that the ability of the entire industry to resist risks is continuously increasing. Experts predict that this slight downward trend will continue in the second half of this year. To this end, it is recommended that companies should be prepared to withstand risks.
According to statistics from the National Bureau of Statistics on 3,899 enterprises in China's general machinery manufacturing industry, from January to May this year, China's general machinery manufacturing industry had total assets of 18.2145 billion yuan, a year-on-year increase of 19.09%; the accumulated industrial output value was 625.23 Billion yuan, a year-on-year increase of 24.16%. Among them, the new product output value of 9.165 billion yuan, an increase of 25.95%; industrial output value of 60.29 billion yuan, an increase of 24.26%; completed export delivery value of 10.09 billion yuan, an increase of 27.77%; completed industrial added value of 17.609 billion yuan, year-on-year Growth of 18.16%; realized main business income of 59.289 billion yuan, an increase of 25.94%; total profit of 3.546 billion yuan, an increase of 20.26% (the economic performance of each sub-industry see table).
In the first five months of this year, the output of main products in various sub-industries was completed: 14.133 million units of production pumps, an increase of 12.84% year-on-year; 102.26 million units of fans were produced, a year-on-year decrease of 10.459%; and 14.1333 million units of compressors were produced, a year-on-year increase of 12.84%; The valve was 787,700 tons, a year-on-year increase of 24.59%; the production and reduction of transmissions was 921,600 units, an increase of 25.69% year-on-year; and the production of separation machinery was 1,1956 units, an increase of 21.17% over the same period of last year.
From the above statistics, in the first five months of this year, the economic operation of China's general machinery manufacturing industry showed the following characteristics:
First, production and sales increased at the same pace, and the increase slightly declined. Statistics show that China's general machinery manufacturing industry is in good overall operation, and production and sales continue to maintain a growth rate of more than 25%, but the growth rate has dropped slightly from the same period of last year.
Second, the export delivery value still maintained a relatively high growth rate, and the growth rate dropped. China's general machinery manufacturing industry completed product export delivery value of 13.148 billion yuan from January to May, an increase of 28.41% year-on-year, an increase of 6.83 percentage points from the same period last year. Among them, the export growth rate was 18.8% higher than the import growth rate. The import and export deficit was US$203 million, a decrease of US$303 million over the same period last year.
Third, the total profit increased steadily. From January to May, China's general machinery manufacturing industry realized a total profit of 4.732 billion yuan, an increase of 220.61% year-on-year; the growth rate dropped by 7.59 percentage points from last year, but the total profit increased by 459 million yuan over the same period of last year. The sales rate of products was the same as last year, and the increase of the comprehensive benefit index was 6.47 percentage points lower than that of the same period of last year.
Fourth, the loss surface and accumulated losses have increased slightly. From January to May, the industry's total loss reached 21.34%, an increase of 1.04 percentage points from the same period of last year. The accumulated loss amounted to 340 million yuan, and the loss amounted to an increase of 0.42 billion yuan year-on-year.
To sum up, in the first five months of this year, China's general machinery manufacturing industry caused great pressure on raw materials due to the increase in raw materials prices, resulting in an increase in the cost of main operations, resulting in a slight decrease in the growth rate of production and sales in the industry as compared with the same period last year. The price of raw materials rose, while the prices of sold general-purpose machinery products did not increase, and the profit margin of the manufacturing industry was squeezed even thinner, eventually leading to an increase in loss-making enterprises.
In addition, the lagging effect of the state's macro-control measures began to appear in China's general machinery industry. People in the industry believe that when the industry has experienced extraordinary growth during the current two years, some experts predict that the industry will begin to decline after high growth. Therefore, the trend of this fall in the first five months of this year should be a normal part of the development of the industry, which is conducive to industry consolidation and is not a bad thing. Moreover, the downward trend did not affect the stable operation of the entire industry in the first five months of this year. Moreover, the total profit of individual companies not only decreased but increased slightly. This fully demonstrates that the ability of the entire industry to resist risks is continuously increasing. Experts predict that this slight downward trend will continue in the second half of this year. To this end, it is recommended that companies should be prepared to withstand risks.
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