Analysis of economic operation of machine tool industry in 2009

In 2009, in response to the impact of the international financial crisis, the Chinese government adopted an effective package of economic stimulus plans in a timely manner, and the domestic economy gradually developed, ensuring that the national economic growth rate reached 8.7%. As of November, the year-on-year growth rate of fixed asset investment in the whole society has remained above 30% for eight consecutive months. Such a strong investment momentum has not been seen in the past six years. Strong investment and consumption are the main drivers of economic growth.
In recent years, the rapid adjustment of the product structure of our industry and the national economic stimulus package have become the basis and guarantee for China's machine tool industry to withstand the financial crisis and maintain double-digit growth. In 2009, the development of the whole bank showed a trend of pre-suppression and post-up, and overall stabilization. However, the growth rate of the Jinchee machine tool industry was still low; the profit decline of the whole industry narrowed, and the loss-making enterprises continued to shrink; the investment still maintained a relatively high growth rate; Exports have declined in depth, and the deficit has further narrowed; foreign investment in CNC metalworking machine tools has decreased significantly, and general trade imports have increased substantially; the state has increased investment in key areas to promote market demand to continue to develop at high-end; domestic machine tool market share has further increased . China's metal processing machine tool production will jump from the third place in the world in 2008 to the top, while imports and consumption ranked first in the world for eight consecutive years.
I. Main economic indicators of the industry and import and export statistics The total industrial output value of the machine tool industry increased by 5.1% in the first quarter of the year; 5.7% in the first quarter and the second quarter; and 9.1% in the first three quarters; The output value was 40.14 billion yuan, a year-on-year increase of 16.1%.
The sales value of machine tool industry products was 392.25 billion yuan, a year-on-year increase of 18.7%.
The machine tool industry achieved a profit of 17.64 billion yuan, down 1.8% over the same period; the output value margin was 5.0%, down 0.8 percentage points year-on-year (January-November data).
The sales rate of industrial products in the machine tool industry reached 97.7%, an increase of 2.1 percentage points over the same period in 2008.
The cumulative value of fixed assets investment in the machine tool industry increased by 36.0% year-on-year.
The total industrial output value of the metal cutting machine industry increased by 1.4% in the first quarter; the year-on-year growth of -2.4% in the first two quarters; the year-on-year growth of 0.0% in the first three quarters; and the year-on-year increase of 3.5%.
The output of gold cutting machine tools was 580,273 units, of which the output of CNC machine tools reached 143,904 units, which was 13.6% and 0.5% lower than the same period.
The profit of the gold cutting machine tool industry reached 4.52 billion yuan, down 6.7% year-on-year; the profit margin of output value was 5.1%, down 0.5 percentage points year-on-year (from January to November).
The total industrial output value of the forming machine tool industry increased by 1.4% in the first quarter; the year-on-year growth of 6.8% in the first quarter and the second quarter; the year-on-year growth of 9.5% in the first three quarters; the year-on-year increase of 14.2%.
The output of forming machine tools was 218,867 units, of which the output of CNC machine tools reached 9,315 units, up 6.1% and 16.8% respectively over the same period.
The forming machine tool industry realized a profit of 1.03 billion yuan, down 6.8% year-on-year; the output value margin was 3.8%, down 0.7 percentage points year-on-year (January to November data).
Machine tool products totaled US$9.7 billion, down 21.1% year-on-year. Among them, the import of metal processing machine tools was US$5.9 billion, down 22.1% year-on-year.
The export of machine tool products was US$4.74 billion, down 33.5% year-on-year; the export of metal processing machine tools was US$1.41 billion, down 33.0% year-on-year.
The import and export deficit of machine tools was 4.96 billion US dollars, of which metal processing machine tool deficit was 4.49 billion US dollars.
The market share of domestic metal processing machine tools continued to increase, reaching 70.1%. The market share of domestic CNC machine tools has reached 62%.
II. Analysis of the economic operation of the industry 1. The overall production and sales of the machine tool industry is stable, but the gold cutting machine tool industry has not yet fully recovered. The economic measures implemented by the national response to the financial crisis have gradually emerged. From the beginning of the year to the end of the year, the total industrial output value of the machine tool industry increased month by month, and the product sales rate was stable at around 97%. In view of the low base in the second half of 2008, since July 2009, the monthly gross industrial output of the machine tool industry has reached double-digit growth. The specific completion situation and the year-on-year growth rate are shown in Figure 1.
Figure 1 Monthly gross industrial output value and growth rate of the machine tool industry from January to December 2009
The growth rate of the total industrial output value of the five types of enterprises in the machine tool industry by the State Administration of Taxation has increased year-on-year. Among them, privately-held enterprises have achieved a high-speed growth of 22.3%; collectively-controlled enterprises have turned from negative to positive, an increase of 8.6%; state-owned enterprises, The decline in foreign-controlled enterprises, Hong Kong, Macao and Taiwan enterprises has narrowed significantly from the first half of the year, at -2.7%, -4.0% and -5.7% respectively.
In the large machine tool industry, the sales value of other metal processing machinery, abrasives, casting machinery, machine tool accessories, metal forming machine tools and small industry products achieved double-digit growth and higher than the industry average; woodworking machinery, gold cutting machine tools, measuring tools The sales growth rate of small-scale products in the small industry is lower than the industry average, but they have all got rid of the negative growth. Among them, the sales value of Jinchao machine tool industry was 98.48 billion yuan, a year-on-year increase of 7.8%.
The year-on-year growth rate of the industrial output value of the tooling and gold cutting machine industry lags behind the whole industry; the growth rate of machine tool accessories and forming machine tools industry fluctuates by two percentage points in the whole industry; other metal processing machinery, foundry machinery, abrasives increase Significantly higher than the average growth rate of the whole industry.
The monthly industrial output value of the small-cutting machine industry is rising month by month, but it is still unstable. The monthly completion and the year-on-year are shown in Figure 2.
Figure 2 The completion and growth rate of the monthly industrial output value of the gold cutting machine industry from January to December in 2009
From the statistics of the output value of the gold-cut machine tool products of more than 130 major domestic enterprises, the cumulative output value of the four quarters is: first quarter -6.0%, 1~2 quarter -7.1%, 1~ 3rd quarter - 6.1%, 1~4 quarter - 4.9%. It can be seen that the main business of the gold cutting machine tool industry is still unstable throughout the year.
2. The decline in corporate profits has narrowed According to the data of the National Bureau of Statistics, the accumulated industry profits in February 2009, accumulated in May, accumulated in August, and accumulated in November were lower than the same period of the previous year, but the decline rapidly narrowed. In 2009, 2, 5, 8 and November, the whole industry and its medium-cutting machine tool small industry, forming machine tool small industry cumulative profits and year-on-year situation are shown in Figure 3.
Figure 3 In 2009, the machine tool industry and its medium-cutting and forming machine tools industry achieved cumulative profit and growth in the quarter.
The operating conditions of the gold cutting machine tools, forming machine tools, measuring tools and machine tool accessories industry lag behind other small industries in terms of better performance. From January to November, among the 8 small industries in the whole industry, the profit of small-scale cutting industry was the largest, nearly 30%; the profit of Jinchee, forming machine tools and accessories industry decreased by about 7%. The profit of the above four small industries was lower than the industry average of -1.8%. The profit of woodworking machinery, abrasives and casting machinery industry achieved single-digit growth; the profit of other metal processing machinery increased by 35% year-on-year.
From January to November, the industry's output value margin was 5.0%. Only the abrasive industry of small abrasives and gold cutting machine tools exceeded the industry average, 6.2% and 5.1% respectively; the small machinery industry and the industry's profit margin were flat; other small industry profit margins were lower than the industry average.
3. The import and export both fell deeper and the deficit further narrowed. Export: The international machine tool market continued to slump. China's machine tool exports have turned from high-speed growth in the past few years to deep decline. The market competition is fierce, and the unit price of export machine tools has fallen sharply. Europe, Japan and some emerging markets are in a downturn, and Asian developing markets are relatively less affected.
The export of machine tools and metalworking machine tools declined in depth, and the annual export value fell by 33.5% and 33.0% respectively. Except for the low export value in February, China's monthly export value of machine tool products in the first 11 months of 2009 has remained at around US$400 million, of which the monthly export volume of metalworking machine tools has remained at around US$110 million. Exports grew significantly in December, with machine tools and metal processing machine exports reaching $510 million and $150 million, respectively. The monthly export of machine tools and metalworking machines is shown in Figure 4 and Figure 5.
Figure 4 Monthly export value of machine tools and the ratio of the same period in 2009
Figure 5 Monthly export volume of metalworking machine tools in 2009 and the same period
Recent export data show that the unit price of export CNC machine tools continues to fall, and the average unit price has dropped by 25%. The decline in unit price may be due to fierce market competition and active price cuts by companies to seize the market. Chinese enterprises should adjust the structure of export products in time to the changes in the international market, ensure the reasonable profits of enterprises, and avoid vicious competition.
In the case of a decrease in the unit price of the overall export of machine tools, there are several types of machine tools that continue to rise in price, such as: horizontal and gantry machining centers, CNC boring and milling machines, CNC gantry milling machines, CNC grinding machines, other CNC lathes, forging or stamping machines, and shearing machines. . It is understood that the increase in the unit price of these types of machine tools is related to the current export of large-scale machine tools. Due to the low export volume and value ratio, it failed to reverse the trend of the overall export unit price decline. Therefore, one of the directions for the structural adjustment of export products should be to strive to expand the export of this part of the machine tool.
In 2009, China's export market structure continued to change. China's exports of metal processing machine tools from Europe, Japan and the BRIC countries to India, Brazil and Russia fell sharply, but exports to the traditional markets of the United States, Mexico and Asian countries declined less. There is also growth (see Table 1 for the top ten export markets). Therefore, my industry companies should focus on these markets.
Table 1 Major export markets of metal processing machine tools in China in 2009
China's machine tool exports have always maintained a good trade structure. In CNC cutting machines, general trade exports account for 75%.
Imports: In 2009, compared to the global economic recession, China has become a relatively active market with global attention. Compared with the continued sluggish export of machine tools in China, the decline in imports has been slowly narrowing. The monthly import of machine tools and metalworking machine tools and the year-on-year situation are shown in Figure 6 and Figure 7.
Figure 6 Monthly import value of machine tools in 2009 and year-on-year situation
Figure 7 Monthly import volume of metalworking machine tools in 2009 and year-on-year
In the investment environment of 2009, China's machine tool import trade pattern has undergone major changes, with trade in equipment investment reduced, and general trade increased. The main reason for the decline in machine tool imports by more than 20% in the year was the decrease in foreign investment. Taking the CNC metalworking machine tool in 2009 as an example, the foreign investment in equipment investment decreased by 43% year-on-year, and the proportion of all CNC machine tool imports fell to 38%, compared with 53% in the previous year. The annual general trade import volume increased by 28% year-on-year, accounting for 54% of all metal processing machine tool imports, an increase of 20 percentage points year-on-year.
The average import price of CNC metalworking machine tools increased by 42% year-on-year, which also indicates an increase in the proportion of imported high-end machine tools. In addition, there have been some changes in the source of imports. Machine tools imported from the United States, Japan, and Taiwan have seen a large decline. Machine tools imported from Germany, Italy, France and other European countries have continued to grow this year. See Table 2 for details.
Table 2 Distribution of imported metal processing machine tools in 2009
Deficit: China's machine tool foreign trade deficit has decreased year by year since it reached a peak of US$7.3 billion in 2006. The deficit in 2009 was close to $5 billion.
4. Market demand accelerates to high-end development, large machine tool market may change. The impact of financial crisis on machine tool demand in various fields of China's national economy is mixed. Many industries have reduced equipment purchases. Some industries such as railways, aviation, automobiles, etc. There is still a demand for machine tools, and these demands are constantly being released as the country implements a series of industrial policies centered on structural adjustment. Therefore, the market demand structure is accelerating, the demand for ordinary and economical CNC machine tools is shrinking, and the demand for popular and advanced CNC machine tools continues to grow.
According to the statistics of the 230 key enterprises in January-December 2009, the numerical control rate of machine tools and the unit price of machine tools are increasing. The main reason is that the output of Jinchee machine tool is larger than that of CNC machine cutting machine. The economical CNC machine tool in CNC machine tools has a significant decline. In addition, the increase in the proportion of heavy-duty machine tools produced by enterprises in the industry is also one of the factors that increase the unit price of machine tools.
The relevant indicators of key enterprises are as follows:
The numerical control rate of metal processing machine tool output was 52.0%, an increase of 3.4 percentage points year-on-year. The numerical control rate of Jinchee machine tool output value was 53.2%, an increase of 3.3 percentage points year-on-year. The numerical control rate of forming machine tool output value was 46.1%, an increase of 4.5 percentage points year-on-year.
The output of gold-cutting machine tools and the output of CNC-cutting machine tools decreased by 21.8% and 5.0%, respectively, and the decline was narrowed month by month.
The average unit price of gold cutting machine tools and CNC gold cutting machine tools were 195,000 yuan and 406,000 yuan respectively, which were 22% and 9% higher than the same period of last year.
Of particular concern is the demand for large machine tools in the market in recent years. According to the survey of the user industry by the Association, as the procurement of key projects such as energy and ships is basically in place, there will be some variables in the market demand. The company should be cautious about the future large machine tool market.
Third, the industry should start several work Under the influence of the financial crisis, developed countries have vigorously developed high-tech, increased research and development investment, to prepare for the next round of industrial upgrading in the post-financial crisis era. Our industry enterprises should incorporate low-carbon manufacturing and green manufacturing into their development plans. The just-concluded Central Economic Work Conference also stated: "Continue to implement a proactive fiscal policy and a moderately loose monetary policy. Focus on improving the pertinence and flexibility of policies based on the new situation and new situations." "To maintain a moderate growth in investment, the focus is on completing projects under construction and strictly controlling new projects." This means that the state will use limited financial resources to encourage enterprises to develop high-tech products, create technologies that are conducive to energy conservation and emission reduction, benefit the three rural areas, improve people's livelihood, etc., and will not sacrifice the environment for growth, "One capital" product restrictions are more stringent. The Copenhagen conference puts more pressure on countries to reduce carbon emissions. In this macro environment, my industry should pay attention to structural adjustment and industrial upgrading in key areas, and pay attention to the following tasks.
First, focus on national investment priorities and accelerate industrial restructuring.
Our recent survey of a number of user industries shows that the country's huge investment in aviation, automobiles, railways, green energy, ships, electronic information and other industries has driven the market demand structure to high-end development. The state's investment in these key areas is not only to deal with the financial crisis, to expand domestic demand, but also to focus on the long-term development goal of structural adjustment. This indicates that structural adjustment will be the focus of work in these industries in the post-financial crisis era. In particular, China is also blocked by foreign technology in many key areas, so structural adjustment will be based on independent innovation. This will bring opportunities for industrial upgrading and structural adjustment to the machine tool industry.
Our industry enterprises should pay attention to key investment areas, deepen understanding of user processes, and increase the intensity of research and development of applicable products. Eliminate outdated products and production capacity as soon as possible to avoid vicious competition. Should be boldly trying to transfer to "specialized, refined, special" products. Some companies have developed high-speed railway track plate grinding machines as a successful example of the development of "special planes". There are still many areas that need us to fill the gap, such as: aircraft belt spreader, aircraft automatic drilling riveting machine, textile machine needle special machine tool, human joints and prosthetics and other parts processing equipment required for health care. At present, these devices mainly rely on imports, and some even banned sales in China. We can only open new markets based on independent innovation and the development of imported alternative products that meet the needs of users. The data shows that the import of machine tool parts continued to increase in 2009, which shows that the domestic machine tool parts can not fully meet the requirements of the host industry. Component companies should seize the opportunity of market growth, develop new products, and accelerate structural adjustment.
Second, to ensure the effectiveness of the company by strengthening the effectiveness of management.
According to our survey of 80 key enterprises in October 2009, the shortage of new orders is extremely common, basically a quarter less than the same period in 2008. In addition, half of the companies have experienced user delays in picking up or returning goods. In recent months, the trend of the market is more obvious, but most companies are cautiously optimistic about the market prospects in the future.
Our industry enterprises should improve the efficiency of enterprise management, increase the liquidity turnover rate, increase the input-output ratio, and ensure the efficiency of enterprises.
Third, seek breakthroughs and expand industry exports.
According to the current global economic situation, our industry must maintain the export of superior products such as traditional machine tools, tools, heavy-duty machine tools and forming machine tools. In response to the current fast-growing Asian market, we will achieve the goal of exporting medium and high-end machine tools in batches by expanding publicity and providing comprehensive after-sales services. In particular, the agreement between China and the ASEAN Free Trade Area came into effect on January 1, 2010. Most of the merchandise trade will enjoy zero tariffs. Chinese enterprises should use this convenient condition to pay attention to the needs of the ASEAN market and strengthen the export of medium and high-end machine tools. Enterprises with overseas mergers and acquisitions should break through the export of high-end machine tools through overseas channels. In addition, we can also use the government's foreign aid projects and government loans to expand the export of products and technologies in our industry.
IV. Conclusion In 2009, the economic operation of the machine tool industry was basically in a stable and positive trend, but the impact of the financial crisis on the industry and uncertain factors still exist.
For example, the value of metal processing machine tools in the whole year was 15.3 billion US dollars, up 7.6% year-on-year; among them, the output value of metal cutting machine tools was 11.56 billion US dollars, the output value of forming machine tools was 3.74 billion US dollars, and the consumption of metal processing machine tools was 19.79 billion US dollars, up 0.5% year-on-year. Among them, the gold cutting machine tool consumption was 15.17 billion US dollars, and the forming machine tool consumption was 4.62 billion US dollars. Due to the sharp decline in the import and export of metal processing machine tools in 2009, the production has increased to a certain extent, resulting in a significant increase in the market share of domestic metal processing machine tools, reaching 70%, of which the domestic CNC machine tool market share reached 62%.
China will become the world's largest consumer of machine tools and the first importer for eight consecutive years. Due to the financial crisis, Japan and Germany's machine tool production have fallen sharply. In 2009, China became the world's largest machine tool producer for the first time. How to solve the big but not strong problem is an important issue that my industry needs to face in the new five-year plan.
We expect that in 2010, with the economic growth rate exceeding 8%, the growth rate of machine tool industry will reach 15%, and the gold cutting machine industry will have a single digit growth. The import and export of metal processing machine tools will see a recovery growth throughout the year. (Li Lei writes)
 

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