China's machinery industry structural adjustment frequency highlights

In 2012, the growth rate of production and sales of China's machinery industry was between 11% and 13%, ending the rapid growth of more than 25% per year from 2000 to 2011, and the industry entered a period of moderate growth. Surging overseas mergers and acquisitions: SANY Heavy Industries has acquired Putzmeister in Germany; XCMG has acquired Schwing Company in Germany; Shandong Heavy Industries has acquired Linde Hydraulics in Germany; and Suzhou Sineng acquires world-renowned Honker manufacturer Degen in Germany. Company etc.

In 2012, the growth rate of production and sales of China's machinery industry was between 11% and 13%, ending the rapid growth of more than 25% per year from 2000 to 2011, and the industry entered a period of moderate growth.

It is understood that in the 12 industrial rankings, the growth rate of the value-added of the machinery industry has been ranked first for many years before. In 2010, it fell to the fifth place and in 2011 it fell to the third place. In 2012, the value-added of machinery industry increased by 8.4% year-on-year, a decrease of 6.7 percentage points from the previous year, and 1.6 percentage points lower than the average national industrial growth rate over the same period.

"The first time in years below the industrial average shows that the machinery industry faces more severe challenges in this round of adjustment than other industrial industries." Cai Weici, executive vice president of the China Machinery Industry Federation, told reporters on the 1st, "Dangling What is gratifying is that, under the influence of the market forcing mechanism, the internal resilience of the company is increasing, and the transformation and upgrading of the industry are being pushed forward with many new bright spots."

It is understood that under the severe situation of falling internal and external demand, the machinery industry has stepped up its efforts to "accomplish high-end, high-quality bases." In 2012, a group of world's top equipment came out in succession: the second-generation successfully developed 80,000-ton die forging presses for high-end equipment such as aviation industry; many companies in the construction machinery industry successfully developed nuclear power and other key projects needed for construction in the world. The largest lifting capacity of 3000-4000 tons crawler crane and so on.

In the face of unfavorable market conditions, enterprises have significantly increased their investment in basic experimental and experimental capacity building, and their high-current and high-voltage test capabilities have reached advanced levels in the world. High-end control systems are subject to changes in imports. In order to cope with the challenges of rapid increase in costs and increasing pressure from environmental protection, companies are paying more and more attention to technological transformation oriented toward cost reduction, efficiency increase, and energy conservation and emission reduction.

In addition, the surging overseas mergers and acquisitions of enterprises: Sany Heavy Industries acquired German Putzmeister, Xugong Group acquired German Schweining, Shandong Heavy Industries acquired German Linde Hydraulics, and Suzhou Xinneng acquired the world-renowned Honing Machine Manufacturer. German Degen company. "These mergers and acquisitions reflect that machinery companies are improving their technological innovation capabilities through various means to expand their markets and accelerate industrial upgrading," said Cai Weici.

It is understood that in this round of adjustment, private enterprises are becoming a more important driving force for the development of the machinery industry. In 2012, the total output value of private enterprises reached 10.41 trillion yuan, a year-on-year increase of 18.48%, which was higher than the average growth rate of the machinery industry in the same period by 5.84 percentage points, accounting for 56.52% of the total output value of the machinery industry. Profits accounted for 53.8% of the industry.

During this round of development, the growth rate of the central and western regions continued to be faster than that of the eastern region. The regional structure of the machinery industry was more optimized and the coordination of industrial development was enhanced.

“Although some progress has been made in the adjustment of the industry structure, the pace of progress is still insufficient.” Cai Weici, for example, took the machine tool industry as an example. Production and sales fell sharply throughout the year and inventory increased significantly, mainly due to the demand for low-end products in the market. The rapid decline reflects the user's change in the demand structure of the machine tool faster than the current resilience of the machine tool industry.

"Overall, the economic growth of the machinery industry has shifted from high-speed to medium-speed, market demand has shifted from sustained strong growth to low-to-middle growth, investment has risen to a rational return, and the continued increase in labor costs and capital use costs will become the norm. Machinery industry in particular needs to increase Great structural adjustments," he said.

It is predicted that in the first quarter of 2013, affected by the weaker orders in the previous period, the data for the start of various key indicators may not be optimistic, but the trend will be more stable thereafter. Overall, the market demand situation in 2013 will be milder than that in 2012. The annual production and sales growth rate is expected to be around 12%, the profit growth rate will be around 8%, and the export growth rate will be around 8%.