Analysis of the overall operation situation of China's machinery industry

In the first 10 months of 2008, China's machinery industry was still operating at a high level, but it gradually showed a downward trend. From January to September, China's machinery industry completed a total output value of 6.75 trillion yuan, a year-on-year increase of 27.9%, the growth rate dropped by 3.24 percentage points; completed sales income of 6.51 trillion yuan, the growth rate dropped by 4.23 percentage points; completed industrial added value 1.69 trillion yuan, an increase of 20.13% year-on-year, the growth rate dropped by 0.97 percentage points; the profit was 319 billion yuan, an increase of 22.19%; the product sales rate was 96.21%, down 1.07 percentage points year-on-year; the total import and export volume was 325.3 billion US dollars, up 28.13 year-on-year. %, the growth rate dropped by 3.21 percentage points. Among them, the export was 178 billion US dollars, an increase of 33.14%; the import was 152.8 billion US dollars, and the accumulated surplus was 26.1 billion US dollars.

1 Characteristics of the current operation of China's machinery industry

(1) Production and sales are still at a high level, but the growth rate has gradually declined, and the growth rate has slowed down. Although the growth rate is gradually falling, the total output value has dropped by 3-4 percentage points, but still maintained a double-digit (20% or more) growth rate.

(2) The growth rate of output value of new products has dropped significantly. From January to August, the output value of new products was 110.723 billion yuan, an increase of 23.97% over the same period of last year and a drop of 14.50 percentage points over the previous year's growth rate (38.47%). Among them, the growth rate of automobiles, instrumentation and other industries is relatively low, which has a great impact on the growth of new products in the whole industry.

(3) The growth of export delivery value was basically stable, and the growth rate dropped significantly. The export delivery value this year was about 896.337 billion yuan, a year-on-year increase of 22.91%, and the growth rate dropped by 2.3 percentage points. The growth rate in the first eight months dropped by 10.28 percentage points, which was a large drop.

(4) The output of major products continued to maintain a relatively high-speed growth of 1 agricultural machinery. From January to September, the output reached 178,700 units, a year-on-year increase of 37.2%. Harvest machinery and feed processing machinery increased by 25.03% and 53.25%, respectively, and the growth rate was still relatively strong, but by September, the growth rate began to decline significantly.

2 machine tools. The growth rate of CNC machine tool output is still significantly faster than the overall growth rate of Jinchee machine tools, indicating that structural adjustment is still in progress. From January to September, the output of CNC machine tools was close to 120,000 units, reaching the same period last year. The output growth rate of CNC forging machine tools is nearly 50% higher than that of ordinary forging machines.

3 cars. From January to September, vehicle production reached 7.5 million vehicles, an increase of 17.68% year-on-year, and the growth rate dropped by 1.3 percentage points. Among them, the growth rate of cars has dropped faster. The target of 10 million vehicles is expected to be difficult this year (8.8 million last year). The growth rate of car output with a displacement of more than 2.6 liters dropped by nearly 60%.

(5) The investment in fixed assets of the machinery industry was more than 570 billion yuan, a year-on-year increase of 32.17%. The growth rate was nearly 10 percentage points lower than that of last year, and the decline was obvious.

(6) Although the import and export trade still has a steady growth, the difference between the growth of imports and exports has decreased significantly. The increase in 2007 was 20 percentage points, and this year it was only 9 percentage points. The surplus also began to fall.

In summary, in the first 10 months of 2008, China's machinery industry gradually slowed down from high-speed operation to slow operation. Although it still maintained a high development speed, the speed of decline was gradually accelerated. From the analysis of product structure, in the two largest industries of the machinery industry, the electrical industry has slowed down, and the automobile industry has fallen faster and the trend is obvious. The decline of the machine tool industry began with ordinary machine tools. The current output is only about 1/3 of last year, and some enterprises have stopped production. The growth of large and medium-sized tractors and harvesters in the agricultural machinery industry has also been greatly restricted. Since August, the growth rate has declined rapidly.

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