The China Machinery Industry Federation issued a report card on the economic operation of the machinery industry in 2013 on the 17th. Last year, the industry’s total realized main business income was 20.4 trillion yuan, an increase of 13.8 percent over the previous year, and the growth rate was 4 percentage points higher than that of the previous year; the machinery industry’s added value was up 10.9 percent from the previous year, higher than the average national industrial growth rate over the same period. (9.7%) 1.2 percentage points, the momentum of recovery is stronger than the national industry.
At the press conference, CAC Vice President Cai Weici stated that although the external environment for the development of the machinery industry in 2014 is unlikely to be significantly improved, overall stability is expected to remain basically. It is expected that the growth rate of the machinery industry's production and sales and profit in 2014 may reach around 12%. The export growth rate is expected to reach about 8%.
In 2013, the growth of China's machinery industry achieved steady growth. According to statistics, the value-added of the machinery industry in 2013 increased by 10.9% from the previous year, an increase of 2.5 percentage points over the previous year. The recovery momentum was stronger than that of the national industry, changing the previous year's industry average below the national average. The growth rate. What is more worth mentioning is that under the background of steady growth in production in 2013, the growth rate of the economic benefits of the machinery industry was faster than that of production and sales. According to statistics, the total profit realized by the machinery industry in 2013 was 1.41 trillion yuan, an increase of 15.6% over the previous year.
However, in 2013, the loss of machinery industry enterprises and the amount of corporate losses have all increased compared with the same period of last year. “In the case of oversupply, it will inevitably lead to an increase in industry differentiation. From the situation of last year, the big companies were the most difficult, and some small private enterprises actually lived well,†Cai Weici told reporters.
The data shows that under the background of increasing cost pressures, the profit rate of the main activities of the machinery industry was 6.93%, a year-on-year decrease of 0.41 percentage points. “The profitability of the machinery industry from the main business is getting more and more difficult. Making money becomes difficult. The environment for the development of the real economy is not optimistic,†said Cai Weici.
Under the pressure of insufficient orders and oversupply, the prices of products continued to slump. In 2013, the price index of the machinery industry continued the downward trend of the previous year. By the end of the current year, the price index for the month had been below 100% for 25 consecutive months. The phenomenon that mechanical enterprises were in arrears has not significantly improved. As of the end of that year, the total amount of accounts receivable has exceeded 3 trillion yuan, a year-on-year increase of 17.6%, and the pressure on enterprise fund recovery is high.
Looking into the outlook in 2014, the machinery industry will face four major challenges this year: it will be difficult to export growth; financial pressure will increase; the cost of manpower and environmental resources will rise rapidly, squeezing profit margins; and the demand will remain weak. Cai Weici said that we must also see favorable factors for the development of the industry in 2014. The domestic and international macroeconomic environment is conducive to the stable development of the industry. The stability of the policy environment is conducive to the advancement of structural adjustment by the industry.
At the press conference, CAC Vice President Cai Weici stated that although the external environment for the development of the machinery industry in 2014 is unlikely to be significantly improved, overall stability is expected to remain basically. It is expected that the growth rate of the machinery industry's production and sales and profit in 2014 may reach around 12%. The export growth rate is expected to reach about 8%.
In 2013, the growth of China's machinery industry achieved steady growth. According to statistics, the value-added of the machinery industry in 2013 increased by 10.9% from the previous year, an increase of 2.5 percentage points over the previous year. The recovery momentum was stronger than that of the national industry, changing the previous year's industry average below the national average. The growth rate. What is more worth mentioning is that under the background of steady growth in production in 2013, the growth rate of the economic benefits of the machinery industry was faster than that of production and sales. According to statistics, the total profit realized by the machinery industry in 2013 was 1.41 trillion yuan, an increase of 15.6% over the previous year.
However, in 2013, the loss of machinery industry enterprises and the amount of corporate losses have all increased compared with the same period of last year. “In the case of oversupply, it will inevitably lead to an increase in industry differentiation. From the situation of last year, the big companies were the most difficult, and some small private enterprises actually lived well,†Cai Weici told reporters.
The data shows that under the background of increasing cost pressures, the profit rate of the main activities of the machinery industry was 6.93%, a year-on-year decrease of 0.41 percentage points. “The profitability of the machinery industry from the main business is getting more and more difficult. Making money becomes difficult. The environment for the development of the real economy is not optimistic,†said Cai Weici.
Under the pressure of insufficient orders and oversupply, the prices of products continued to slump. In 2013, the price index of the machinery industry continued the downward trend of the previous year. By the end of the current year, the price index for the month had been below 100% for 25 consecutive months. The phenomenon that mechanical enterprises were in arrears has not significantly improved. As of the end of that year, the total amount of accounts receivable has exceeded 3 trillion yuan, a year-on-year increase of 17.6%, and the pressure on enterprise fund recovery is high.
Looking into the outlook in 2014, the machinery industry will face four major challenges this year: it will be difficult to export growth; financial pressure will increase; the cost of manpower and environmental resources will rise rapidly, squeezing profit margins; and the demand will remain weak. Cai Weici said that we must also see favorable factors for the development of the industry in 2014. The domestic and international macroeconomic environment is conducive to the stable development of the industry. The stability of the policy environment is conducive to the advancement of structural adjustment by the industry.
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