In 2010, the operating situation of the machinery industry was generally good. It is expected that the growth rate of production and sales in 2010 will increase by more than 30% year-on-year. The annual profit growth rate will reach 40%, and the annual export growth rate will be around 30%.
It is estimated that the growth rate of the five sub-sectors of construction machinery, machine tools, automobiles, basic parts and internal combustion engines will be 35%-50% in 2010. The general growth rate of instrumentation, electrical equipment, stationery, and petrochemicals is around 30%. Food packaging machinery, agricultural machinery, heavy machinery are lower, but also more than 20%.
Outlook for the machinery industry in 2011. Investment growth has started to decline, and investment demand is difficult to be optimistic. It is estimated that the growth rate of fixed asset investment in the whole society will continue to slow down on a monthly basis since this year, and the demand for investment products in the machinery industry itself is also slowing down.
The automobile industry's consumption tax preferential policy expires, related consumption will be cooled, and the automotive industry has an important pulling effect on the entire machinery industry.
This year's base is too high, and cars, construction machinery and other historical highs, it is not easy to continue to grow next year.
Steel prices (4597, -30.00, -0.65%) and non-ferrous metals are expected to pick up again next year, pushing up the cost of the machinery industry. Inflationary pressure cannot be ignored.
The year-on-year growth of inventory and finished products increased month by month, while the sales rate of mechanical products declined month by month.
A serious overcapacity, rising costs and price competition will lead to a decline in profit margins.
The import and export of the industry began to show a deficit, and international trade friction has intensified.
Forecast of development speed in 2011: The growth rate of production and sales next year is expected to reach about 15%. The growth rate of industry profits is expected to fall even more.
It is estimated that the growth rate of the five sub-sectors of construction machinery, machine tools, automobiles, basic parts and internal combustion engines will be 35%-50% in 2010. The general growth rate of instrumentation, electrical equipment, stationery, and petrochemicals is around 30%. Food packaging machinery, agricultural machinery, heavy machinery are lower, but also more than 20%.
Outlook for the machinery industry in 2011. Investment growth has started to decline, and investment demand is difficult to be optimistic. It is estimated that the growth rate of fixed asset investment in the whole society will continue to slow down on a monthly basis since this year, and the demand for investment products in the machinery industry itself is also slowing down.
The automobile industry's consumption tax preferential policy expires, related consumption will be cooled, and the automotive industry has an important pulling effect on the entire machinery industry.
This year's base is too high, and cars, construction machinery and other historical highs, it is not easy to continue to grow next year.
Steel prices (4597, -30.00, -0.65%) and non-ferrous metals are expected to pick up again next year, pushing up the cost of the machinery industry. Inflationary pressure cannot be ignored.
The year-on-year growth of inventory and finished products increased month by month, while the sales rate of mechanical products declined month by month.
A serious overcapacity, rising costs and price competition will lead to a decline in profit margins.
The import and export of the industry began to show a deficit, and international trade friction has intensified.
Forecast of development speed in 2011: The growth rate of production and sales next year is expected to reach about 15%. The growth rate of industry profits is expected to fall even more.
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