On August 7, Chen Bin, Executive Vice President of the China Machinery Industry Federation, stated at the information conference on the economic operation situation of the machinery industry in the first half of the year that the economic operation of the machinery industry throughout the year is expected to show a trend of gradual recovery. Indicators such as value added, operating income, and total profit are expected to achieve a small positive growth.
Chen Bin said that due to the impact of the new crown pneumonia epidemic, the production and operation of the machinery industry suffered a huge impact at the beginning of the year. The main economic indicators fell across the board in the first two months and stabilized in March. After entering the second quarter, the trend of stabilizing and improving is more clear.
"From the data in June, the five major categories of national economic industries involved in the machinery industry all achieved positive growth." Chen Bin added.
"In the first half of the year, the investment product market in the machinery industry recovered faster than expected, and the consumer product market recovered more slowly than expected." Chen Bin said, thanks to the recovery and start-up of infrastructure investment and energy construction related projects, construction machinery , The production and sales of power generation equipment have grown rapidly, the production of some agricultural machinery products has recovered quickly, and the production of products related to new-type infrastructure, people's livelihood infrastructure construction and intelligent manufacturing has recovered. In the first half of the year, the output of construction machinery products such as excavators, loaders, compaction machinery and concrete machinery increased across the board, and the output of excavators and concrete machinery increased by more than 20%. Statistics from China Machinery Industry Federation show that the sales growth rate of excavators in May and June exceeded 60%.
At the same time, the production and sales of passenger cars rebounded slowly. In the first half of the year, the production and sales of passenger vehicles, which are representative of consumer products, decreased by 22.5% and 22.4% year-on-year, respectively. Affected by the slow recovery of the consumer market, the growth rate of production and sales of passenger vehicles has narrowed significantly compared with the previous few months, but still Not reach the ideal state.
"The epidemic has brought unprecedented shocks and challenges to the economic operation of the machinery industry. The majority of enterprises have taken the initiative, responded actively, and bucked the trend, showing the resilience of the industry." Chen Bin said that some industries have seized new opportunities in the crisis. Realized growth against the trend. What's more gratifying is that in order to seek long-term survival and development, machinery companies have unabated enthusiasm and investment in R&D and innovation. Statistics from key contact enterprises in the machinery industry show that since April, industry R&D expenses have turned from negative to positive year-on-year. In the first half of the year, with revenue and profits still experiencing negative growth, the industry’s R&D expenditures have increased by double digits, with a rate of 58.8%. The R&D expenses of key contact enterprises increased year-on-year.
Chen Shihua, deputy secretary-general of the China Association of Automobile Manufacturers, also stated that in the first half of the year, many independent brand auto companies in my country have maintained a growth trend in R&D investment despite the decline in sales revenue and profits, which fully shows that auto companies are paying more attention to R&D.
At present, the domestic macro-economy continues to recover, the market environment continues to improve, and the production and operation order of enterprises continues to improve, but market demand has not yet fully recovered. According to statistics from key enterprises contacted by China Machinery Industry Federation, the cumulative order value of the machinery industry in the first half of the year continued to decline by 5.4% on the basis of the low base of the previous year. Although the decline was narrowed by nearly 10 percentage points from the beginning of the year, it was still in a state of significant decline. A special survey conducted in early July showed that more than 60% of the surveyed companies reported that insufficient orders were the primary difficulty encountered in the current production and operation of the company.
Looking forward to the second half of the year, with the gradual release of macroeconomic policy effects, the machinery industry demand market will continue to recover and the operating environment will continue to improve. However, from the perspective of investment, consumption, and foreign trade, the economic situation of the machinery industry is still severe. Coupled with the fact that there are still great instabilities and uncertainties in the overseas epidemic, the international economic and trade situation is becoming more and more severe and complicated, and the machinery industry is still facing greater downward pressure.
The China Machinery Industry Federation predicts that if the overseas epidemic can be effectively controlled in the second half of the year, it is expected that the production and sales of China's automobile market will drop by about 10% year-on-year; it is expected that the electrical and electronic industry will operate relatively smoothly throughout the year, and operating income will maintain a small increase; it is expected that general petrochemical equipment The overall major economic indicators will be lower than the previous year; the heavy mining industry is expected to maintain a certain degree of growth throughout the year; the decline in the machine tool industry is expected to narrow in the second half of the year; the growth rate of the agricultural machinery industry is expected to exceed the previous two years; the annual project is expected The machinery industry will maintain a certain degree of growth.
"In the second half of the year, the industry development environment is generally improving, and the above-mentioned major sub-sectors, which account for more than 80% of the machinery industry, tend to improve." Chen Bin said.
