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Two digit growth of agricultural machinery in the first half year

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Two digit growth of agricultural machinery in the first half year

Date:2017-09-18 Author: Click:

China Machinery Industry Federation (CMFA) announced on the 8th that the first half of the year saw an obvious improvement in the industry, with the growth rate of major economic indicators exceeding expectations, achieving a revenue of 12.51 trillion yuan, an increase of 11.6% over the same period of last year, and a total profit of 857.6 billion yuan, an increase of 14.69%.

Unlike last year, which was mainly driven by automotive and electrical appliances industries, the whole industry of machinery industry was better in the first half of this year. The main business income of agricultural machinery, internal combustion engine, construction machinery, instrumentation and other industries all achieved double-digit growth. Among the industry's new profits, 53.52% were in industries other than automobiles and electrical appliances, up 39.16 percentage points from the previous year.

Chen Bin, Executive Vice President of China Machinery Industry Federation, said that the revival of the relevant data in the machinery industry is due to the positive innovation and transformation of the industry as a whole, but also to the cardinal factor, which is the recovery growth on the basis of the lower level last year. In addition, the growth of demand for people's livelihood is also providing new space for the machinery industry.

But we should also see that the problems of high cost and financing difficulties still exist in the industry. A recent survey of some key enterprises by the China Machinery Industry Federation shows that high labor cost, high financing cost and high energy consumption are still problems in the production and operation of enterprises. In addition, the rising cost of logistics and the rapid growth of raw material prices are also the problems facing enterprises in the near future.

Chen Bin predicts that the value-added of machinery industry will increase by about 8% in the whole year, the main business income and the total profit will increase by about 8%. Foreign trade exports are expected to end the two consecutive years of decline, and the year-on-year growth rate will turn from negative to positive.

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