Machinery industry demand grew steadily in 2014

In 2013, China's machinery industry achieved slow recovery, moderate growth, and stable development. At the same time, the contradiction between the industrial structure, product structure and market demand in the machinery industry still exists. The contradiction between low-end production capacity and high-end production capacity is prominent. The profit rate of enterprises continues to decline, and the market competition becomes increasingly fierce. China Machinery Industry Federation predicts that in 2014, China's machinery industry will not experience large fluctuations in its operation, and the total demand will grow steadily at a medium speed, and new demand will stabilize at a low level.

In 2013, the stable operation of the machinery industry In 2013, the growth rate of China's machinery industry increased by 10.9%, 1.2% higher than the national industrial sector; the main business income of the machinery industry increased steadily, and the growth rate in the month of 2013 was 12%~13%. between.

Machinery industry production and sales grew steadily. Among the 64 main products of the machinery industry announced by the National Bureau of Statistics, there were 39 kinds of year-on-year increase in production from January to December 2013, accounting for 60.9% of the total; and 25 kinds of products with a year-on-year decline, accounting for 39.06%. Specifically, in 2013, the output of China's agricultural machinery products, passenger cars, and instrumentation in automobiles increased rapidly; the output of typical investment products such as machine tools, construction machinery, heavy machinery, and power generation equipment fell sharply. The pressure on companies in the industry was greater than in 2012; excavators, metal cutting machine tools, metal rolling equipment, etc. fell significantly, but the trend of decline slowed from month to month.

The increase in profits was greater than the increase in production and sales. From January to November 2013, China's machinery industry realized a total profit of 1,215 billion yuan, a year-on-year increase of 15.68%, and an increase of 2.22 percentage points over the main business income for the same period. In the month of November 2013, the machinery industry realized a total profit of RMB 162.717 billion, a new high for the year, an increase of 19.26% year-on-year, and an increase of 2.22 percentage points over the principal business income for the same period.