In 2013, the total profit of the machinery industry increased by more than 15%, but the profit rate was still not high, indicating that the machinery industry has not really shaken off the predicament. According to the forecast of experts, in 2014, the growth rate of production and sales and profit of the machinery industry will reach about 12%, and the growth rate of exports is expected to reach about 8%.
In the past two years, China’s machinery industry has gradually emerged from the downward pressure on economic growth. The development trend has gradually returned to warming, and the moderate growth of various economic indicators has been achieved.
Recently, the China Machinery Industry Federation pointed out that China's machinery industry has maintained a good momentum of growth, which is higher than the average level of industrial growth in the country. The main business revenue and product output have increased steadily. The industry should speed up the adjustment of the industrial structure, carry out industrial upgrading, and resolve the overall tightness of the external environment of the industry.
Under the action of the market retreat mechanism, various mechanical companies have accelerated the pace of industrial structural upgrading and technological innovation, and strive to open up new markets through new technologies and new products, increase economic efficiency, and drive the economic growth of the industry. A large number of high-end equipment has achieved initial results in R&D and production, and has gradually realized the localization of some high-end products, self-sufficiency, and independent breakthroughs. At the same time, the merger and reorganization of some small and medium-sized enterprises and the consolidation of large-scale enterprises have promoted the automation, information, and intelligence of enterprise production, achieved win-win cooperation, and accelerated the pace of development.
However, under the relatively stable development environment of the machinery industry, there are still difficulties that need to be solved.
China's machinery industry is still faced with difficulties such as large export growth, large financial pressures, and large increases in human and environmental resources costs this year. In the international market competition, it is more difficult for machinery enterprises to expand exports; corporate liquidity is offset by a large amount of accounts payable and liquidity is tightened; human and environmental capital increase the profitability of the company. At the same time, in the face of comprehensive and deepening reforms, the market's supply and demand are not balanced, and the machinery industry faces a market crisis and bears trade risks under a steady and moderate growth momentum.
Development and challenges are always coexisting. China's machinery industry has experienced an overall decline in 2011 and 2012. After the increase in temperature in 2013, in order to seek longer-term development, machinery companies must enhance their awareness of the crisis and further increase industrial upgrading and autonomy. We will make innovations, strive to increase the competitiveness of export trade, and enhance the strength of enterprises.
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