First half of the machinery industry achieved a total profit continued to grow, the main business income margins down. Fixed asset investment growth to return to high
Xinhua News Agency July 22 news (reporters Min) China Machinery Industry Federation of 22 released in 2011 to run the first half of the economic situation in the machinery industry data. Data show that the first half of Machinery Industry of the respective industrial output value and sales value 7.88 trillion yuan and 7.69 trillion yuan, an increase of 27.08%, respectively, and 26.73%. Overall, first half of the machinery industry achieved steady growth in the economy, gross profit increased to maintain foreign trade picked up significantly.
It is understood that the first half of the total machinery industry profits continue to grow, the main business income margins down. Fixed asset investment growth to return to high. 2004-2009 annual growth rate of machinery industry investment in fixed assets has remained at about 40% last year, dropped to 30%. But this year, fixed-asset investment growth machinery industry continued to rise in June to return to a high of 40 percent. From the industry point of view, a larger proportion of investment in the industry are: electrical appliances industry, accounting for 26.36%, 22.41% accounted for the automotive industry, machine industry, accounting for 10.44%, investment growth in these industries are higher than the machinery industry average.
Reporters learned that the majority of product output continues to grow, automotive cooling needs by policy adjustments and the impact of a marked decline in sales growth. Auto production and sales during the first half year were up only 2.48% and 3.35%, of which basic passenger vehicles (cars) production and sales were 4.9218 million and 4.9555 million, year on year increase of 7.03% and 8.02%.
Currently, there is a new product restructuring progress. Products in the first half of power generation equipment, wind power, hydropower and other clean and efficient generating units grow faster than thermal power. CNC metal cutting machine tools in machine tools, CNC equipment production grew significantly faster than the general machine tools, CNC rates continue to increase. In addition, this year the regional restructuring machinery industry is expected to continue to provide policy direction, coordination of regional development and further enhanced.
"At the same time, in the first half there have been some new changes." China Machinery Industry Federation executive vice president, said Cai Wei Ci Jieshao, industry growth rate of fixed asset investment continued to accelerate sales and profit growth continued to slow down, new orders growth down, pressure on business costs significantly increased, there tends to intensify the contradiction of supply exceeding demand signs, which are highlights of the restructuring and transformation and upgrading of urgency.
According to a comprehensive analysis of the second half although the mechanical speed of the industrial economy will continue to moderate the monthly decline, but is still expected to achieve annual double-digit growth, sales growth is expected in about 20%, but profit margins will be significantly lower than the industry Last year, the trade deficit will reproduce. Cai Wei-Chi said that in order to maintain the sustained and healthy development of the industry, the industry must speed up structural adjustment and the pace of transformation and upgrading.