In the first half, due to a better connection between production and sales, industry-wide sales income growth, but profitability declined from a year earlier. Total sales industry-wide profit margin of 4.7% over the same period last year decreased by 1.4 percentage points. Number of loss-making enterprises over the same period last year, 1.6 percentage points, compared with losses of loss-making enterprises increased by nearly 40% over the same period
In 2004 against the background of macro-control, the growth rate of industrial machinery from the previous two years despite the extraordinary state of slow decline to 30% or less, but still the highest economic indicators. National Development and Reform Commission released information indicating that the first half of 2005, machinery and industrial economy will continue to maintain rapid, stable situation. Industrial output value, sales revenue, product output steady growth, strong growth in export value, but compared with the same period in 2004, significantly reduced growth, economic decline. Production continued to grow
growth down This year, the machinery industry total output value, added value still showed rapid growth. Accumulated industrial output value of nearly 2 trillion yuan, up 19.6%; accumulated industrial added value more than 5000 billion yuan, up 13.7%. However, compared to same period last year, an increase of respectively 10.4 and down 4 percentage points. Sub-sectors of agricultural machinery, machine tools, electrical appliances, machine parts, heavy machinery, petrochemical, general machinery, instrumentation and other industries to maintain a high growth rate. Low growth rate of the automotive industry, engineering machinery is still in negative growth. Product sales to production well, production and marketing rate of 97%.
Growth rate slowed last year because, first of all in addition to the rapid development of machine industry in recent years, the production base of larger, year after year can significantly increase the growth of reasons, mainly the automobile, engineering machinery decreased growth rate compared Great, bring down the whole industry growth. Followed by the end of the first quarter gains excessive upstream raw material prices, some companies adjust their business strategy, control orders and production rhythm, to avoid losses were curbed production. In April, due to the decline in steel prices, combined with some business opportunities for the use of steel prices raised prices, production and efficiency to rise.
Output of main products to maintain growth
Electrical appliances, petrochemical and general machinery, metallurgical and mining machinery and other major national key project to provide major equipment products, the increase in output is still high. Including power generation equipment production 44.8 million kilowatts, half of the production greatly exceeded the output of the year 2003; metal cutting machine tools production of 22.5 million units, up 15%; and medium-sized tractors 70,000 units, representing growth of 32.5% over the same period last year; 3.03 million vehicles, up 6.5% from a year earlier. As the host product output growth, driven tooling, bearings, hydraulic and pneumatic parts, gear parts and other mechanical products based on production growth. Mechanical products, the production growth is the highest environmental protection equipment, production decline is greater compaction machinery and farm vehicles.
Industry economic decline compared with last year
In the first half, due to a better connection between production and sales, industry-wide sales income growth, profit level, but down from a year earlier. Industry-wide total sales profit margin of 4.7% over last year decreased by 1.4 percentage points. Number of loss-making enterprises increased over last year of 1.6 percentage points over the same period losses loss-making enterprises increased by nearly 40%.
The main reason for the decline, one long-term raw materials used in machinery industry is high, profit margins are compressed. Although steel prices have come down in the second quarter, but the machinery is still used in high alloy steel. Machinery industry to rely on management of the previous two years, the scale of production and improve work efficiency to lower production costs, the potential of these measures is offset by rapid increases in raw material prices. Second, shortage of material species, leading to stop production to be expected, the products increase, cash flow decreased. In addition, automobile, engineering machinery market more competitive, sales prices lead to lower profits, the decline of the industry have a greater impact. I am China Crafts Suppliers writer, reports some information about cotton voile fabric , military camouflage fabric.
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