China's machinery industry profit growth accelerated

The reporter learned from the press conference of the China Machinery Industry Federation on the 13th that compared to the rapid growth of the past decade, the growth rate of the major economic indicators of China's machinery industry declined in 2011. The decline in profit growth was particularly prominent and the adjustment of the industry structure was imminent.

China Machinery Industry Federation predicts that the growth rate of the major economic indicators of the machinery industry will continue to decline in 2012, the growth rate of production and sales is expected to be about 18%, and the profit growth rate is expected to be about 12%.

National Bureau of Statistics data show that in 2011 the total industrial output value of machinery industry reached 16.89 trillion yuan, an increase of 25.06% year-on-year. The monthly growth rate of the output value of machinery industry has fallen rapidly. Among them, the production and sales of automobiles were 18.42 million and 18.51 million, respectively, an increase of 0.84% ​​and 2.45% year-on-year respectively, and the growth rate of production and sales was the lowest in nearly 13 years.

"The fall in growth rate is not only reflected in the industrial output value, but the growth rate of profits has fallen even further." Cai Weici, vice president of the China Federation of Machinery Industry, said that the profit growth rate fell rapidly in the first 11 months of 2011, a substantial increase over the previous year Falling 34%, despite the rebound in December, the industry's efficiency is still declining.

In 2012, influenced by the economic environment at home and abroad, the unstable and uncertain factors in the economic operation of China's machinery industry are still numerous, and the problems and difficulties faced continue to gather.

Dong Yang, secretary-general of the China Association of Automobile Manufacturers, said that profits have fallen significantly faster than production and sales, which is a point worth paying attention to. Deterioration of efficiency and difficulty in operation reflect that the industrial structure of China's machinery industry cannot adapt to changes in demand. Overcapacity occurs at the low end of the industry chain, and there is still a huge gap between the high-end equipment and the world's advanced level.

According to the data from the China Federation of Machinery Industry, the import value of China's machinery industry reached 309.4 billion U.S. dollars in 2011, an increase of 21.18% over the previous year. Although the machinery industry’s foreign trade achieved a surplus of about 12.4 billion U.S. dollars, it is mainly due to the low value of the industry chain. End of the processing trade.

“China's machinery industry has a serious excess of processing capacity, and the upgrading of its industrial structure is imminent.” Cai Weici said that in 2012, he will be committed to promoting the adjustment and upgrading of the industrial structure of the machinery industry, transforming the general processing capacity that has been seriously oversupplied, and upgrading into a supply that is still in short supply. High-end production capacity enhances the long-term development of the industry.

China Federation of Machinery Industry said that in 2012, it will vigorously increase the high-end equipment independent innovation capability and market share, improve the energy efficiency index of the product, accelerate the bottleneck of breakthroughs in key basic parts, basic processes and basic materials, and expand investment from general production capacity to Cultivate the direction of innovation.

It is expected that the growth rate of major economic indicators of China's machinery industry will continue to decline in 2012, and the major economic indicators of the machinery industry will show a trend of low level before and after the end of the first quarter or second quarter. The growth rate will be renewed thereafter. Stabilize. The annual production and sales growth rate is expected to be around 18%, and the profit growth rate is about 12%, which is lower than the growth rate of production and sales; the export growth rate is around 15%.