Machinery industry continues downward trend

Since the beginning of this year, affected by the global economic downturn and the shrinking market, the machinery industry has witnessed a situation in which the growth rate has slowed down and internal and external difficulties have been intertwined. The downward trend has not seen any significant improvement.

According to statistics from the China Machinery Industry Federation, although the growth rate of the production and sales of the national machinery industry from January to August was weaker than that of the previous month, except for the year-on-year growth rate of the internal-combustion engine industry, the other major industries of the machinery industry have improved to varying degrees. However, the growth rate of shipments continued to decline. At the same time, of the 120 major products in the current statistics, there were 78 products with a year-on-year increase, and 42 products had a decrease in production compared with last year, which was rare in a few years.

The growth rate of production and sales in the industry showed a slight pick-up trend. From January to August this year, the growth rate of production and sales in the machinery industry showed a slight pick-up trend. The production and sales rate of mechanical products rose for two consecutive months.

In the first eight months, the industry’s total industrial output value totaled 1,117,531,100 million yuan, a year-on-year increase of 11.95%. The growth rate slowed by 14.47 percentage points from the same period of last year and rose by 0.09 percentage points from the previous month. The industry’s total sales value was 1142.153 billion yuan. The growth rate was 11.64% year-on-year, the growth rate slowed by 14.52 percentage points from the same period of last year and it was up by 0.08 percentage points from the previous month. Judging from the accumulative growth rate of total output value and sales value, it has seen a slight increase from July, but the increase has been less than 0.1 percentage point. The growth rate of production and sales is still at a relatively low level this year.

From January to August, the industry-wide production and sales rate of machinery products was 97.46%, down 0.27 percentage points from the same period of last year and 0.02 percentage points higher than the previous month. However, it was slightly lower than the national industrial product sales rate (97.7%) of 0.24 percentage points. From the perspective of the production and sales ratio in recent months, although both are lower than the same period of last year, the production and sales ratio has risen for two consecutive months.

In most industries, the growth rate of production was slightly higher than that of the previous 8 months. Machinery industry saw a growth trend in most industries. Among them, there were four industries with a year-on-year increase of over 14%. They were agricultural machinery, instrumentation, petrochemical general and mechanical basic parts industries. The growth rate of production of the agricultural machinery industry was still the highest in all industries, with an increase of 18.16% year-on-year; followed by the instrumentation industry, which increased by 15.60% year-on-year; the third was the petrochemical general industry, which grew by 14.43% year-on-year; and the fourth was the basic parts. Industry, a year-on-year growth of 14.40%. Compared with the growth rate of the previous month, the growth rate of production in 6 industries increased slightly, but the growth rate was lower than 1 percentage point. The growth rate of the agricultural machinery industry was slightly higher than that of other industries, which was 0.91 percentage points. This year, the year-on-year growth rate of production growth was in the internal combustion engine industry. The growth rate of total output value in January-August was -2.36%, and the production decline rate increased by 0.16 percentage points from the previous month.

The growth rate of main business income and total profit all slightly rebounded from January to August. The main business income of machinery industry enterprises in China was 113,310,600 million yuan, an increase of 9.63% year-on-year, an increase of 0.03 percentage points from the previous month (9.6%), lower than The national industrial growth rate (10.22%) was 0.59 percentage points. The total profit was 707.021 billion yuan, a year-on-year increase of 2.61%, an increase of 0.05 percentage points from the previous month (2.56%), and higher than the national industrial growth rate (-3.13%) of 5.74 percentage points.

In terms of main business revenue, 11 main industries in 11 industries achieved a positive year-on-year growth in cumulative revenues, of which the cumulative growth rate of 5 industries exceeded the industry average. The three industries with the fastest year-on-year growth were the agricultural machinery industry, the instrumentation industry, and the petrochemical industry. The growth rates were 14.45%, 14.42%, and 13.68%, respectively; the cumulative year-on-year decline was in the internal combustion engine industry and engineering machinery industry, respectively. Declined by 0.03% and 2.07%.

In terms of total profits, the total profits of six industries in 13 industries are accumulating year-on-year, of which the agricultural machinery industry, automobile industry and petrochemical general industry have the fastest growth, being 16.92%, 11.07% and 9.76%, respectively; Accumulated year-on-year declines, of which the construction machinery, internal combustion engines and the Wenzhou three industries fell the fastest, respectively -22.13%, -20.33% and -12.74%.

The problem of poor corporate receipts still existed from January to August. The total assets of machinery industry enterprises in the country amounted to 844.327 billion yuan, a year-on-year increase of 10.93%, a decrease of 0.55 percentage points from the previous month (11.48%), and accounts receivable in current assets were 2.55067 billion yuan. Yuan, a year-on-year increase of 17.37%, an increase of 0.48 percentage points from the previous month (16.89%), and 7.74 percentage points higher than the main business revenue growth rate (9.63%). Account receivables accounted for 30.21% of the total liquidity. It also shows that the issue of poor corporate receipts remains significant.

In terms of sub-industries, the growth rate of accounts receivable in 13 industries was higher than that of main business, and there were 5 industries in which accounts receivable grew faster than the growth rate of main business income by more than 10%. Construction machinery industry, internal combustion engine industry, food packaging machinery industry, heavy mining industry and machine tool industry.

The loss growth rate of loss-making enterprises rose from January to August. The total number of 75,497 enterprises in the machinery industry in the country totaled 11,437 loss-making enterprises, an increase of 2,875 from the previous year and an increase of 55 companies from the previous month (2820); the total loss of loss-making enterprises reached 613.21 Billion yuan, an increase of 74.54% over the previous year, an increase of 2.72 percentage points from the previous month (71.82%); the loss was 15.15%, down 0.31 percentage points from the previous month (15.46%).

The contribution of private enterprises to the increase in total output value has increased rapidly. According to the types of enterprises, the growth rate of total output value in the period from January to August was: the growth rate of state-owned enterprises was 5.37%, that of private enterprises was 17.28%, and that of foreign-funded enterprises was increased by 4.14%. The private enterprises in China not only have a higher growth rate, but also greatly increase their contributions to the production of the entire industry. The contribution rates of the three different types of enterprises were: 9.71% for state-owned enterprises, 76.9% for private enterprises, and 7.19% for foreign-funded enterprises. The contribution rate of private enterprises to production increased by 10.52% compared with the same period of last year, while state-owned and foreign-funded enterprises were respectively Declined by 2.06 and 11.52 percentage points.

The decline in the growth rate of shipping value slowed down. In the first 8 months, the total value of goods shipped by the machinery industry was 1,126.658 billion yuan, an increase of 5.32% year-on-year, and the growth rate was down by 20.9 percentage points from the same period of last year and 0.01 percentage point lower than the previous month. Although the downward trend in shipping value did not change, the fall rate slowed by 0.91 percentage point from the previous month.

While the growth rate continued to decline, the value of shipments (10.36%) fell by 0.62 percentage points over the same period of last year. In terms of sub-sectors, the growth rate of the value of shipments of food packaging machinery, electrical appliances, and general-purpose basic parts decreased significantly from the previous year from January to August, falling by 2.08, 1.71, and 0.73 percentage points respectively.

There were 42 kinds of product output decreased compared with last year in the 120 main products of China National Machine Association’s statistics. There were 78 kinds of products with cumulative increase compared to the same period last year, which accounted for 65% of all reported product varieties; of which there were 45 products with double digit growth. This accounted for 37.5% of all reported products; there were 42 kinds of product production decreased compared to last year, accounting for 35% of the reported products. The main products are as follows:

In the first eight months of this year, large-scale tractors, corn harvesting machines, and primary processing machinery continued to be both prosperous and productive. The year-on-year growth rate remained above 35%, especially for corn harvesting machinery, which has seen strong growth for four consecutive months, even though it was August. The accumulative growth rate showed a large decline from the previous month, but the corn harvester still maintained an increase of more than 80%. At the same time, the small tractors and cotton processing machinery decreased 18.71% and 22.31% year-on-year, respectively, including the growth rate of cotton processing machinery. The fall rate accelerated month by month.

The construction machinery products affected by the macroeconomic adjustment policies of the country, except for the concrete machinery, which only increased by 0.52% year-on-year, all other products showed declines to varying degrees, among which the excavators, loaders and compactors decreased by 33.94% year-on-year respectively. , 31.79% and 18.21%.

From January to August, metal-cutting machine tools and metal forming machine tools decreased by 17.09% and 9.79% year-on-year, respectively, and the decline in metal-cutting machine tools increased by 0.77 percentage points from the previous month. The number of CNC machine tools fell by 20.23% and 33.72% respectively.

From January to August, the number of cars produced was 13,334,600, a year-on-year increase of 7.65%. From the perspective of the growth rate of automobile production, it showed a slight upward trend from month to month, with an increase of 0.26 percentage point from January to August. In terms of sub-models, the displacement of 2.5-3.0 litres in basic passenger cars has grown rapidly, which has more than tripled from the same period of last year. Less than 1.0 liters of displacement and 2.0 to 2.5 liters of car production and sales are not prosperous, a year-on-year decrease of 25.59% and 16.93% respectively. The number of passenger cars in passenger cars decreased by 5.78% year-on-year, while that of medium and light passenger cars increased by 6.78% and 4.72% respectively. The trucks continued to show negative growth, but the decline narrowed from month to month, from -12.39% at the beginning of the year to -4.88%.

In addition to the 5.3% year-on-year decrease in analytical instruments and devices, the output of other products showed a varying degree of growth, with industrial automation instrumentation and control systems, optical instruments, automotive instrumentation, and special equipment for environmental monitoring. Steady growth, the year-on-year growth rate was above 11%.

The output of hydro-generator units, turbo-generators, and wind turbine generators in power generation facilities all showed a downward trend, down 9.74%, 9.06%, and 18.34% year-on-year, respectively, of which hydro turbine generators and wind turbines decreased by 2.72% over the previous month. And 4.19 percentage points. The high-voltage switchgears and optical cables in power transmission and transformation equipment have continued to grow rapidly in recent months, up 33.35% and 38.66% year-on-year respectively.