The Basic Conditions of Economic Operation of Construction Machinery Industry from January to July 2012

First, sales fell significantly decline gradually narrowing from January to July, loaders, bulldozers, graders, construction cranes, industrial trucks, road rollers, pavers, excavators and other construction machinery products mainly Class 8 sales were higher than in the same period last year On the basis of the high base number, there has been a significant decrease. Except for graders, the drop of other types of products is more than 10%, of which the loaders, rollers, and excavators have fallen by more than 20%. However, compared with the same period of last year, the decline in the above eight categories of products has narrowed.

Second, economic efficiency continued to decline, financial costs rose rapidly from January to July, the industry's key contact business revenue was 217.39 billion yuan, a year-on-year decrease of 0.47%; total profit was 17.39 billion yuan, a year-on-year decrease of 20.3%; profit decline was greater than operating revenue decline of nearly 20 Percentage. Financial expenses and interest expenses rose significantly. From January to July, financial expenses increased by 131.1% year-on-year, and interest expenses increased by 159.8% year-on-year. Receivables and finished goods inventory continued to increase. From January to July, accounts receivable increased by 41.8% year-on-year, and finished goods inventory increased by 7.6% year-on-year. Most corporate funds and economic benefits have encountered difficult situations for years.

3. Exports continued to grow, and imports continued to decline further. From January to July, the import and export trade volume of the industry was 14.75 billion U.S. dollars, an increase of 4.1% over the same period of last year. The import value was 3.80 billion U.S. dollars, down 36.0% year-on-year; the export value was 10.96 billion U.S. dollars, up 33.0% year-on-year; and the trade surplus was 7.16 billion U.S. dollars, an increase of 4.85 billion U.S. dollars over the same period of last year.