In the second half of the year, with the impact of the slowdown in fixed asset investment, the growth rate of the machinery industry will drop significantly. At the same time, the sub-sectors will be divided.
Among them, the sub-sectors such as container, bearing valve, motor and boiler manufacturing continued to operate at a high level in the first half of the year, and the cumulative total profit growth rate remained above 40%; while special instrumentation, electronic measurement, measuring instruments, construction machinery, etc. appeared. The decline in sales revenue and the sharp decline in profits; however, railway transportation equipment and shipbuilding industry are few of the highlights in the machinery industry.
In the context of the overall decline in the industry's growth rate, the sub-sectors of the machinery industry have differentiated. According to the statistics of the first five months, containers, bearings and valves, agricultural machinery, metallurgical mining equipment, motors, general instrumentation, and boiler manufacturing continued to maintain a high level of prosperity, and the cumulative total profit growth rate remained above 40%. In the sub-sectors such as instrumentation, electronic measurement, measuring instruments, and construction machinery, there has been a decline in sales revenue and a significant decline in profits. In the context of the overall downturn in the machinery industry, the two sub-sectors of railway transportation equipment and shipbuilding industry, From the past losses to profitability, the industry showed signs of significant recovery.
In the machinery industry, basic components such as bearings, valves, and general-purpose components are the upstream industries of most machinery and equipment. The deceleration of macroeconomic or fixed-asset investment will first lead to the deceleration of demand for large-scale machinery and equipment, and then affect its upstream. In the basic parts industry, in general, the change in the economics of the basic parts lags behind the changes in the mechanical equipment.
Under the background of the decline in the growth rate of the whole industry, it is expected that the special equipment manufacturing, instrumentation manufacturing and transportation equipment manufacturing industries with a large decline in the first half of the year will be stable in the second half of the year; and affected by the lag effect, ordinary machinery Manufacturing (including boilers, metal processing machinery, general equipment, bearings and valves, and other general-purpose parts) will increase in the second half of the year and will exceed the industry average.
Some sub-sectors such as containers, bearings and valves, motors and general instrumentation industries, which are still in high position due to lag and other reasons, are cautious. It is expected that these sub-sectors will reach the high point in the short term and then there will be certain The degree of decline. Sub-sectors with a large decline in the previous period, such as construction machinery, may experience a certain degree of recovery due to the smaller base. Railway transportation equipment and shipbuilding industry are expected to continue to rise.
Among them, the sub-sectors such as container, bearing valve, motor and boiler manufacturing continued to operate at a high level in the first half of the year, and the cumulative total profit growth rate remained above 40%; while special instrumentation, electronic measurement, measuring instruments, construction machinery, etc. appeared. The decline in sales revenue and the sharp decline in profits; however, railway transportation equipment and shipbuilding industry are few of the highlights in the machinery industry.
In the context of the overall decline in the industry's growth rate, the sub-sectors of the machinery industry have differentiated. According to the statistics of the first five months, containers, bearings and valves, agricultural machinery, metallurgical mining equipment, motors, general instrumentation, and boiler manufacturing continued to maintain a high level of prosperity, and the cumulative total profit growth rate remained above 40%. In the sub-sectors such as instrumentation, electronic measurement, measuring instruments, and construction machinery, there has been a decline in sales revenue and a significant decline in profits. In the context of the overall downturn in the machinery industry, the two sub-sectors of railway transportation equipment and shipbuilding industry, From the past losses to profitability, the industry showed signs of significant recovery.
In the machinery industry, basic components such as bearings, valves, and general-purpose components are the upstream industries of most machinery and equipment. The deceleration of macroeconomic or fixed-asset investment will first lead to the deceleration of demand for large-scale machinery and equipment, and then affect its upstream. In the basic parts industry, in general, the change in the economics of the basic parts lags behind the changes in the mechanical equipment.
Under the background of the decline in the growth rate of the whole industry, it is expected that the special equipment manufacturing, instrumentation manufacturing and transportation equipment manufacturing industries with a large decline in the first half of the year will be stable in the second half of the year; and affected by the lag effect, ordinary machinery Manufacturing (including boilers, metal processing machinery, general equipment, bearings and valves, and other general-purpose parts) will increase in the second half of the year and will exceed the industry average.
Some sub-sectors such as containers, bearings and valves, motors and general instrumentation industries, which are still in high position due to lag and other reasons, are cautious. It is expected that these sub-sectors will reach the high point in the short term and then there will be certain The degree of decline. Sub-sectors with a large decline in the previous period, such as construction machinery, may experience a certain degree of recovery due to the smaller base. Railway transportation equipment and shipbuilding industry are expected to continue to rise.
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