China's machinery industry will rise to its current low position

In 2012, the growth rate of major economic indicators of the machinery industry declined significantly compared with the previous year, but it is still expected to achieve double-digit growth throughout the year. China Machine Association expects that the operating environment will remain severe in 2013, and the machinery industry will show a low-speed operation.

According to the latest statistics, from January to October, the total industrial output value of the machinery industry totaled 1.489310 trillion yuan, a year-on-year increase of 11.91%, a decrease of 14.02 percentage points from the same period of last year and a decrease of 0.02 percentage points from the previous month; the entire industry completed The sales value of sales was 1,45,445,600 million yuan, a year-on-year increase of 11.66%, and the growth rate was 13.93% lower than the same period of last year, an increase of 0.21 percentage points from the previous month.

In terms of total profit, the total profit of the six industries in the first nine months was a year-on-year cumulative increase, with the agricultural machinery industry, petrochemical GM industry and the automotive industry growing fastest, at 19.41%, 12.88%, and 10.98%, respectively. The increase in accounts receivable during the period dropped significantly. From January to September, the total current assets of the machinery industry enterprises in the country totaled 855,545 million yuan, a year-on-year increase of 10.78% and a decrease of 0.15 percentage points month-on-month.

China Machine Building expects that the growth rate of production and sales in 2012 will be around 14%; the profit growth is expected to be around 5%; the export growth is expected to be around 10%. The operating environment will remain severe in 2013, and domestic demand and export conditions are not expected to significantly warm up. The pressure on the structural adjustment and upgrading of the market will not be weakened. It is expected that the machinery industry will continue this year's low-speed operation trend next year. We must have ideological preparations for continuing the days.

The slowdown in the growth rate of the machinery industry is currently bottoming out, and it is unlikely that it will continue to decline in the future. The fourth quarter will continue to operate at the bottom speed. The whole year is expected to present a pattern of “early slide bottoming out, late low level stabilization or slight recovery”.