In the first half of this year, the economic operation of the machinery industry was stable and improved. The growth rate of added value has recovered rapidly, the situation of product production and marketing has gradually recovered, the utilization rate of production capacity has recovered steadily, and the economic efficiency and assets and liabilities have increased both.

At the “Information Conference on the economic operation of the machinery industry in the first half of 2023” held on August 8, Luo Junjie, executive vice president of the China Machinery Industry Federation, analyzed that the machinery industry gradually eliminated the impact of the epidemic on the industry at the end of last year, while seizing opportunities and opening up the market, the main economic indicators achieved rapid growth in the first half of the year, and high-quality development was promoted in an orderly manner.

“Comprehensive analysis, the economic operation of the machinery industry in the second half of the year will maintain a stable growth trend, with the comparison base rising, the growth rate of the main indicators gradually slowed down, the annual growth rate of industrial added value, operating income, total profits and other indicators of about 5%, foreign trade imports and exports are basically stable.” Luo Junjie predicted.

The steady recovery of capacity utilization rate of fixed assets investment trend differentiation

Since the beginning of this year, the economic operation of the machinery industry has been stable, and the first quarter has achieved a stable start; In the second quarter, it maintained an upward trend, and in April and May, various indicators grew rapidly on the low base of the previous year, and in June, with the increase of the comparison base, the growth rate of main indicators slowed down.

MHD115C-058-PG1-BA

The growth rate of added value picked up rapidly. In the first half of the year, the added value of the machinery industry increased by 9.7%, 3.5 percentage points faster than the first quarter, higher than the national industrial and manufacturing growth rate of 5.9 and 5.5 percentage points; The average growth rate in the past two years was 5.1%, 1.5 percentage points higher than the national industrial and manufacturing industries and 1.6 percentage points higher. Among them, the electrical machinery and equipment manufacturing industry and the automobile manufacturing industry played a prominent role in driving the added value growth rate of 15.7% and 13.1% respectively; The special equipment manufacturing industry and instrument and meter manufacturing industry grew steadily, with growth rates of 5.5% and 6.5%; General equipment manufacturing growth was only 3.6%, lower than the national industrial and manufacturing growth rate.

The situation of production and marketing of products has gradually recovered. In the first half of the year, among the 120 main products monitored by the machinery industry, the output of 58 products increased year-on-year, accounting for 48.3%; The output of 62 kinds of products decreased year-on-year, accounting for 51.7%. Specifically, the production and sales of the main products present the following characteristics: First, the recovery of automobile production and sales is good. In the first half of the year, automobile production and sales were 13.248 million and 13.239 million, up 9.3% and 9.8% respectively. Second, the electrical and electrical appliances industry continues to grow. Investment in power supply and power grid remained high, driving the continuous and rapid growth of power equipment production, the output of generator sets increased by 28.9% in the first half of the year, and the output of solar cells increased by 54.5%. The output of power transmission and transformation products such as low-voltage switch boards and transformers has also grown rapidly. Third, the production of petrochemical equipment has maintained rapid growth, and the international oil price is relatively high, which is good for the related equipment market. Fourth, the sales of some construction machinery products are depressed. Affected by the downturn in real estate construction and the cyclical nature of the industry, sales of excavators and loaders fell by 24% and 13.3% respectively in the first half of the year. Fifth, the output of machine tool products declined, and the output of metal cutting machine tools and metal forming machine tools fell by 2.9% and 11.9%, respectively.

“The development of an industry not only depends on investment, but also depends on the ecological environment of the development of the entire industry, especially the support of consumption policies, machine tools are typical industries.” The machine tool industry has been depressed for a long time, and the machine tool application ecology has not yet formed, which is our idea of supporting the development of the machine tool industry. It should be noted that relevant departments and industries have begun to pay attention. I believe that soon, the machine tool industry will usher in a gradual upgrading process; In the next 2-3 years, the machine tool industry will usher in a big breakthrough.” In an interview with China Industry News reporter, China Machinery Industry Federation Party Committee Standing Committee, expert committee director Chen Bin analysis.