At present, the major economic indicators of the machinery industry maintained growth with a steady growth trend. The growth of key indicators exceeded expectations and market confidence improved steadily.
From January to September, the economic indicators of the machinery industry kept a steady turn for the better.This year, the growth rate of the added value of the machinery industry lasted for a sustained period last year, higher than that of the growth of the national industry and manufacturing industry, with the growth rate consistently above 10%.
From January to September, the added value of machinery industry increased by 11.1% over the same period of the previous year, up from 4.4 and 3.8 percentage points of the national industrial and manufacturing industries over the same period respectively, which was two percentage points higher than that of machinery industry in the same period of last year.
Among the major categories of industries, the automobile manufacturing industry continued to lead the growth of the whole industry. From January to September, the industrial added value increased by 13.2% over the same period of last year, which was 2.1% higher than the industry average.
Product output growth
Nearly 80% of the main products to achieve growth in production.From January to September machinery industry focused on monitoring 119 kinds of main products: an increase of 90 species, accounting for 75.63%; down 29, accounting for 24.37% of which 37 kinds of products From a year earlier decline year on year increase.
First, products closely related to the consumer market have achieved rapid growth: such as automobiles, motorcycles and digital cameras, as well as special plastic processing equipment, cotton processing machinery and agricultural product processing machinery related to the processing of consumer products.
Second, the rapid growth of product output related to environmental protection and green manufacturing: such as environmental monitoring instrumentation, water pollution prevention and control equipment, and solid waste treatment equipment.
Thirdly, the products related to the transformation and upgrading of the smart manufacturing industry have enjoyed a good momentum of growth: industrial automatic meters, control systems and testing machines.
Fourthly, the construction machinery products related to infrastructure construction witnessed a significant growth. The output of 10 main products of construction machinery all achieved positive year-on-year growth, with the excavator up nearly 70% over the same period of previous year.
Fifth, the state key projects drove the output growth of related products such as the transmission and transmission channel construction projects and a new round of rural power grid upgrading and upgrading projects to drive the output growth of related products.
Benefit continues to improve
The profitability of the machinery industry continued to improve, and the automobile and electrical appliances industry remained the main support force, while the efficiency of the machinery industry increased while the majority of the profit targets of the machinery industry were better than the same period of last year.
From January to September this year, the ex-factory price indices of machinery industry producers were both above 100, indicating that the prices of machinery and industrial products have got rid of the continuous downturn in previous years. However, the prices of machinery and machinery industry picked up slowly in comparison with the increase in the prices of raw materials and fuels.
The machinery industrial price index in September was 100.8, the highest point for the year but below the 6.1% increase in the producer price index for industrial producers in the same period. It was lower than the 7.7 percentage points rate of purchase price index for industrial producers in the same period.
The downturn in the import and export downturn improved and the growth rate continued to grow, while the import and export of foreign trade shrugged off the year-on-year decline of the previous year, of which the eastern region was an important support for the growth of foreign trade in the machinery industry.
From January to September, investment in fixed assets of the machinery industry was 3.77 trillion yuan, up 3.34% from the same period of last year, down 1.2 percentage points from the same period of last year and down from 4.2 and 0.9 percentage points growth rate of the whole society and manufacturing investment in the same period of the previous year. The growth rate remained low all the time run.
The decline of investment funds in place narrowed. Among them, the self-financing capital of the largest proportion of enterprises decreased by 2.07% from the same period of the previous year and 10.19 percentage points lower than that of the first quarter, reflecting the gradual improvement of the problem of insufficient funds in place.
Investment in fixed assets increased by 4.2%
From January to September 2017, the manufacturing investment was 140.81947 trillion yuan, an increase of 4.2% over the same period of last year, down 1.3 percentage points from the first half and up 1.1 percentage points from the same period of last year.
Machinery industry since the beginning of the cumulative total investment of 37,650.46 billion yuan in fixed assets, an increase of 3.34%, down 1.27 percentage points over the first half, up 1.8 percentage points over the same period last year; lower than the national and manufacturing growth 4.16 and 0.86 percentage points from The proportion of machinery industry accounted for 26.74% of the manufacturing sector, down 0.31 and 0.2 percentage points from the first half of last year and the same period of last year respectively.
In September, the investment in fixed assets by the machinery industry was 443.2 billion yuan, down 0.05% year-on-year, 2.22 percentage points lower than the previous month and 3.39 percentage points lower than the cumulative growth rate.
Among the ten major categories of national economy involved in the machinery industry, seven have invested over 100 billion yuan, of which four major categories of automobile manufacturing, general equipment manufacturing, special equipment manufacturing, electrical machinery and equipment manufacturing exceed 5000 100 million yuan.
In terms of specific distribution, both the manufacturing of the automobile manufacturing industry and the general-purpose equipment manufacturing industry are above 25% at 25.8% and 25.28% respectively, while the special equipment manufacturing industry, electrical machinery and equipment manufacturing industry account for over 16% and 19.18% and 16.52% respectively, The four categories together accounted for 86.78%; the remaining six categories together accounted for only 13.22%.
From the year-on-year growth rate, the fastest growth was instrumentation (17.48%) and automobile manufacturing (10.06) over 10%; the fastest decline was in metal products machinery and equipment repair industry (-17.56%) and ferrous metals Smelting and rolling (-13.64%) was below 10%. Of the 49 sub-categories, the railway transportation equipment manufacturing (274.95%) and watch and timepiece manufacturing (102.6%) maintained their strong YoY growth.
From the contribution rate of view, ten major categories are still the automotive manufacturing industry as a leader, reaching 72.97%, pulling machinery industry investment growth of 2.44 percentage points; followed by instrumentation and electrical machinery manufacturing equipment manufacturing industry were 16.55% and 13.3% Boosting the investment in machinery industry by 0.55 and 0.44 percentage points respectively, among which the contribution rate of auto parts and accessories manufacturing, environmental social public services and other special equipment manufacturing ranks the top of the 49 categories with 79.9% and 23.98% respectively, Machinery industry investment increased 2.67 and 0.8 percentage points.
From the total planned investment and construction projects, the total investment in machinery industry from January to September was 8,806.635 billion yuan, up 14.51% over the same period of previous year, up by 15.02 percentage points over the same period of last year and 2.42 percentage points lower than that in the first half of the year. 64,363, an increase of 11.98% from the first half of the year, down 3.26 percentage points from the first half of the year, of which 44,904 were newly started this year, up by 4.49% over the same period of last year and down by 0.74% from the first half of this year, with 31,456 projects put into operation this year, up 20.65% , Down 2.81 percentage points from the first half of the year.
From January to September, the actual investment in fixed assets of machinery industry was 3.550413 trillion yuan, down 0.8% from the same period of last year and 1.7 percentage points lower than the same period of last year, narrowed by 3.12 percentage points from the first half of the year, lower than the increase of investment 4.14 percentage points faster than the actual growth in capital and investment funds continued to narrow the gap between.
To sum up, from January to September, the growth rate of investment in fixed assets in the machinery industry has been on the rise. The drop in the funds in place has been gradually narrowing. The gap between the growth rate of fixed asset investment and the actual growth rate of funds has narrowed markedly, indicating an improvement in the investment environment for capital sources , Business investment momentum is gradually restored.
The main problem of economic operation
As the traditional energy and raw materials industries are still in the capacity-to-be-de-energized state, the orders for new investment in related oil and gas equipment, smelting equipment, power generation equipment and heavy mining machinery are obviously insufficient. However, the reconstruction and reconstruction projects are gradually increasing, : During the 13th Five-Year Plan period, the coal-fired power industry stopped and slowed down the construction of 150 million kilowatts of coal-fired power generation capacity while at the same time it implemented 420 million kilowatts of ultra-low-emission and 340 million kilowatts of energy-saving retrofits.
According to a questionnaire survey of over 70 key enterprises in machinery industry, 51% of the surveyed enterprises have less than 80% capacity utilization rate, of which nearly 20% have less than 60% utilization rate of production capacity %, Mainly in the electrical and electronic equipment industry and general petrochemical equipment manufacturing industry.
Specifically, 62% of the companies mentioned the lack of domestic orders when analyzing the reasons that affect the normal production capacity, 25.4% mentioned the lack of job workers or technicians, and 23.9% mentioned a variety of reasons Production adjustment.
Low-cost competition has affected the normal market order.A period of low-cost competition is frequent, some good companies, good products have also been forced to cut prices.Some enterprises reflect the enterprise representative products ex-factory price, rising raw material prices At the same time, not rise down a lot, some power generation equipment companies reflect the current part of the product prices continued to decline over the previous years, the basic return to the price level 10 years ago.Long-term low-cost competition in the market environment has seriously affected the products Innovative enthusiasm.
In the survey, many small and medium-sized enterprises (SMEs) reported that they always appeared in the bidding rules that the price was the only measure, that is, the 'lowest bid on the lowest bid.' All-round competition among different suppliers was reduced to price competition. Cost bidding, then cut corners, shoddy, laying a huge potential for product quality.
Increasing operating costs, the burden on enterprises is still heavy. Enterprise logistics costs continue to increase. In particular, large and heavy parts enterprises are more prominent contradictions. Domestic products generally by road transportation. Since 2016, the cost of logistics and transportation of business products rising, and some Businesses reflect the large transport costs rose 20% to 30%, transportation costs increased by tens of millions.
The price of bulk raw materials has risen. The machinery industry is a consuming enterprise that supplies bulk raw materials such as steel and consumes about 200 million tons of steel a year. It is also a consumer of energy such as electricity and natural gas. Since October last year, the price index of steel has been on the rise and coal prices have been rising Rise, resulting in an increase in business operating costs.
Difficulties in recruitment, technical personnel facing stalls. Enterprises scarce personnel out of files, the potential crisis is gradually aggravated .After several generations of technical staff's efforts, China's industrial realization of the introduction of technology, digestion and absorption of independent innovation and development, these people gradually leave, technical personnel facing Disconnection, technical enrollment difficulties, increased recruitment difficulty.
Future industry trends
Overall, the pick-up in the machinery industry since the beginning of this year, on the one hand, is a result of the positive development and initiative taken by the entire industry under the guidance of the state's macroeconomic policies. At the same time, there is also a cardinal factor that is a resumption of growth on a relatively low basis of the previous year The traditional development environment for the industry in the steel, electricity, coal, chemical and petroleum industries of the machinery industry has not undergone fundamental changes, but under the guidance of the supply-side structural reforms, these industries optimize the stock and upgrade the Machinery industry has provided new opportunities.In addition, people's livelihood and consumer demand in the field of growth for the machinery industry has also provided a new space for development.