The meeting pointed out that in 2022, the scale of the machinery industry continued to expand, with 111,000 enterprises above designated size, with assets totaling 32.5 trillion yuan, an increase of 13.1%, accounting for 20.8% of the total industrial assets in the country. The added value of the machinery industry increased by 4% year-on-year, higher than the national industrial added value growth rate of 0.4 percentage points.

Under the combined effect of improved investment willingness and low base factors, the fixed asset investment in the machinery industry showed rapid growth in 2022, and the fixed asset investment in the automobile manufacturing industry turned from negative growth in 2020 and 2021 to positive growth in 2022.

Looking forward to 2023, the economic operation of the machinery industry will show a steady and good trend, the main economic indicators are low before and high, and it is expected that the annual growth rate of industrial added value, operating income, total profits and other indicators are about 5%, and foreign trade imports and exports are basically stable. At the same time, the meeting also predicted the automobile, electrical appliances, construction machinery and other industries.

In 2022, the main economic indicators of the machinery industry grew steadily

The meeting pointed out that although the economic operation of the machinery industry in 2022 has experienced ups and downs, the operation trend is generally good. The main economic indicators of the machinery industry achieved steady growth throughout the year.

The scale of the machinery industry continues to expand. According to the National Bureau of Statistics, by the end of 2022, there were 111,000 enterprises above designated size in the machinery industry, an increase of 12,000 over the previous year, accounting for 24.7% of the number of enterprises above designated size in the country, an increase of 0.5 percentage points over the previous year; Assets totaled 32.5 trillion yuan, up 13.1% year on year, accounting for 20.8% of the country’s total industrial assets, an increase of 0.9 percentage points over the previous year.

In 2022, the added value of the machinery industry increased by 4% year-on-year, which is 0.4 percentage points higher than the growth rate of the national industrial added value, and 1 percentage point higher than the growth rate of the manufacturing added value. Among them, the added value of special equipment, automobiles, electrical machinery and equipment, and instrument and meter manufacturing industry increased by 3.6%, 6.3%, 11.9% and 4.6% respectively.

Technological progress and upgrading of product structure effectively drive the growth of industry benefits. Data show that in 2022, the machinery industry achieved a cumulative operating income of 28.9 trillion yuan, an increase of 9.6%; The total profit reached 1.8 trillion yuan, an increase of 12.1 percent year-on-year. The machinery industry drove the national industrial operating income growth of 1.9 percentage points, driving the total profit growth of 2.2 percentage points.

Under the combined effect of improved investment willingness and low base factors, fixed asset investment in the machinery industry will show rapid growth in 2022. Mainly involved in the national economy industry categories of general equipment, special equipment, automobiles, electrical machinery and equipment, instrument and meter manufacturing fixed asset investment increased by 14.8%, 12.1%, 12.6%, 42.6%, 37.8%. Among them, private investment in the electrical machinery and equipment manufacturing industry maintained rapid growth throughout the year, which was an important force driving the growth rate of investment in the electrical machinery and equipment manufacturing industry of more than 40%; The fixed asset investment in the automobile manufacturing industry will turn from negative growth in 2020 and 2021 to positive growth in 2022.

It is worth mentioning that the main products of the machinery industry in 2022 are characterized by the differentiation of production and sales. Automobile production and sales achieved growth, and the annual production and sales were 27.021 million and 26.864 million, respectively, up 3.4% and 2.1% year-on-year. The accelerated construction in the energy sector led to the rapid growth of power generation equipment, power transmission and transformation equipment and energy storage related products, the output of generator sets increased by 17.3%, and the output of solar cells increased by 47.8%.

However, the output of processing and manufacturing equipment decreased, and the output of metal cutting machine tools and metal forming machine tools decreased by 13.1% and 15.7% respectively. The production of products with rapid growth in the early stage fell back, and the output of metal containers, special packaging equipment and excavators fell 36.9%, 17% and 21.7% respectively.