Analysis of economic operation of machine tool industry from January to June 2011

Abstract In the first half of 2011, China's machine tool industry continued to maintain rapid growth after rapid growth in 2010, but its momentum has gradually slowed down and began to show a slow decline. Affected by changes in market demand, some heavy-duty machine tools and low-end machine tools...

In the first half of 2011, China's machine tool industry continued to maintain rapid growth after rapid growth in 2010, but its momentum has gradually slowed down and began to show a slow decline. Affected by changes in market demand, some heavy-duty machine tools and low-end machine tools have declined, but the market for medium and high-end machine tools and special equipment is still strong, especially imports continue to maintain high growth. The monthly contract of the enterprise still maintained a certain growth year-on-year, but it showed a trend of decreasing month by month. Large and CNC machine tools exported to international emerging markets are on the rise.

I. Completion of major economic indicators and import and export statistics from January to June

Since 2011, the National Bureau of Statistics has defined that enterprises above designated size will be adjusted from annual sales income of more than 5 million yuan to more than 20 million yuan, and some changes have taken place in the statistical scope. Therefore, the number of statistical enterprises in the machine tool industry from January to June 2011 was 4322. Home, more than 2,000 than the end of 2010. The data covered in this article in 2011 are all within 4322 companies.

1. Completion of major economic indicators in the industry

From January to June, the total industrial output value of the machine tool industry was 30.02 billion yuan, a year-on-year increase of 36.4%.

The cumulative sales value of the machine tool industry reached 291.29 billion yuan, a year-on-year increase of 36.4%.

The sales rate of industrial products in the machine tool industry reached 97.1%, which was the same as the same period of the previous year.

2. Completion of major small industry economic indicators

(1) Gold cutting machine tool industry: From January to June, the total industrial output value of the gold cutting machine tool industry was 71.20 billion yuan, a year-on-year increase of 30.4%.

(2) Forming machine tool industry: The total industrial output value of the forming machine tool industry was 26.92 billion, a year-on-year increase of 40.1%.

(3) Import and export of machine tool products: The cumulative import of machine tool products was US$9.69 billion, up 46.4% year-on-year. Among them, the import of metal processing machine tools was US$6.14 billion, a year-on-year increase of 57.8%. The export of machine tool products was US$ 4.13 billion, up 32.9% year-on-year; of which, metal processing machine tools exported US$ 1.09 billion, up 34.4% year-on-year.

Second, the characteristics and analysis of the economic operation of the industry

1. The growth rate of production and sales began to slow down

From January to June this year, the industrial output value of the machine tool industry and the sales value of the products continued to maintain a high growth level. The monthly growth rate of the monthly industrial output value slowed down from the end of the previous year. In the large machine tool industry, the growth rate of machine tool accessories in small industries was the highest, reaching 49.6%. In addition, the gross industrial output value of abrasives, foundry machinery and metal forming machine tools has exceeded 40%. From January to June, the output value of metal processing machine tools showed a rapid growth year-on-year. At the same time, the situation of different types of machine tool manufacturers was different, and some key enterprises had negative growth year-on-year.

2. Corporate profit margins are good

According to the data of the National Bureau of Statistics, the profit margin of the machine tool industry in January-May 2011 was 6.6%, a year-on-year increase of 0.5 percentage points.

3. Import growth is fast

From January to June, China's import of machine tool products increased rapidly, up 46.4% year-on-year, and hit a record high in the same period. Metal cutting machine tools, metal forming machine tools and numerical control devices are the three major import products of machine tools, with year-on-year growth of 58.3%, 55.5% and 26.1% respectively. From January to June, the import value of metal processing machine tools was US$6.14 billion, a year-on-year increase of 57.8%. Among them, CNC machine tools reached US$5.11 billion, a year-on-year increase of 56.5%. Imported machine tools have entered the domestic market in large quantities, which will have a greater impact on the development of CNC machine tools industry in China. In addition, the continuous import of a large number of machining centers, CNC lathes and other large-scale machine tool products, structural adjustment, industrial upgrading of China's machine tool enterprises will have long-term negative impact.

4. Exports maintain steady growth

In the first half of the year, machine tool products continued to maintain steady growth, with exports reaching US$4.13 billion, up 32.9% year-on-year, and exports reaching the highest level in the same period over the years. Emerging markets such as India are growing well, and demand in the US and Europe is gradually increasing. From January to June, the export value of metal processing machine tools reached US$1.09 billion, a year-on-year increase of 34.4%. Among them, CNC machine tools cost USD 410 million, a year-on-year increase of 53.5%. In the first half of the year, China's metal processing machine tool export market, whether in the United States, Japan, Germany and other traditional markets, or India, Brazil, Russia and other emerging markets, exports have shown rapid growth. Exports to Russia grew by more than 100%, and exports went to seventh place.

Third, some views on the current situation

1. Pay close attention to the development of the market situation

Affected by many factors such as the tightening of monetary policy by the state to curb inflation and the changes in the development of major domestic user sectors, enterprises in the machine tool industry must pay close attention to changes in the market environment and find breakthroughs in maintaining their own development.

2. The demand structure changes rapidly

(1) The increase in imports reflects the changing market demand structure, and the demand for medium and high-end products has increased significantly. It also reflects the shortcomings of domestic high-end products in terms of technology level and industrialization.

(2) Reflections on profit growth

The machine tool industry has always been a low-margin industry. In the first half of this year (January to May), the profit of the small industry of Jinchee machine tools increased by 52.9% compared with the same period of last year. However, compared with the same period of last year, the average unit price of machine tools was not optimistic. In contrast to forming machine tools, the changes in product structure are more reasonable.

3. Actively respond to the formal implementation of ECFA

The ECFA has been in operation for half a year, and the Machine Tool Association has been paying attention to its impact on the mainland machine tool industry. We have tracked the relevant branches of the ECFA open products. In the face of the formal implementation of ECFA, mainland enterprises have the following phenomena: (1) strong demand and cover up contradictions; (2) short time, difficult to distinguish between real and false. Since the official implementation of ECFA, from the appearance of the appearance, the impact on the mainland machine tool industry does not seem to be very obvious. However, in the long run, its impact on the development of the mainland machine tool industry must not be ignored.

The first half of 2011 has passed, and from the trend point of view, the growth rate of the machine tool market will slow down significantly in the second half of the year. While paying close attention to the market, enterprises must make a proactive response to the plan, and make overall arrangements and rational application in various resources such as capital and production capacity of the enterprise; it is necessary to make greater efforts in technological progress and adjustment of product structure; The company's specialty, forming a differentiated core competitiveness, and strive to survive and develop opportunities in the ever-changing market competition.

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