On August 22, 2022, Sun Fang, spokesperson, vice president, and secretary general of the China General Machinery Industry Association, released the economic operation of the general machinery industry in the first half of 2022 and the industry development expectations in the second half of 2022.
Sun Fang said that in the first half of this year, the economic operation of the general machinery industry was affected to a certain extent due to the outbreak of the domestic new crown epidemic in critical regions such as Shanghai and its spread across the country. Faced with the complex and volatile economic situation at home and abroad, the general machinery industry has actively responded, strived to overcome the unfavorable factors brought about by the epidemic, ensured the normalization of operations and production, actively explored new markets, and fully implemented the central government’s spirit of stabilizing the economy and ensuring growth, 1-5 The growth rate of industrial production and leading operation indicators declined to varying degrees in the month, but rebounded in June. The economic operation of the industry is generally in a relatively good situation.
Sun Fang reported that, according to the National Bureau of Statistics data, at the end of June, among the 6 products in the general machinery industry, 2 had a year-on-year growth rate, and 4 had a year-on-year growth rate decline. From the year-on-year trend, the decline rate narrowed month by month. . From January to June, the year-on-year growth rate of the industrial added value of the general machinery industry also showed a downward trend. Still, the year-on-year growth rate rebounded in June. According to the statistics of 170 key contact enterprises in the industry, from January to June this year, the critical contact enterprises in the general machinery industry completed a total industrial output value of 54.788 billion yuan, a year-on-year increase of 1.4%; the completed industrial sales output value was 57.282 billion yuan, a year-on-year increase of 10.95%. The operating income was 55.193 billion yuan, a year-on-year increase of 4.83%; the total profit was 5.975 billion yuan, a year-on-year increase of 10.25%; the cumulative order volume was 80.565 billion yuan, a year-on-year increase of 0.65%; accounts receivable was 42.238 billion yuan, a year-on-year increase of 14.38%.
Sun Fang said that in the first half of 2022, the general machinery manufacturing industry would focus on developing the national economy and the needs of major project construction, pioneering and innovating, and breaking through several core technologies and “stuck neck” equipment. Many private enterprises have become an important force in independent innovation and have contributed to my country’s economic security and national security.
Sun Fang also pointed out that there are still some problems in the current industry, such as rising raw material prices and squeezing the profit space of enterprises; logistics obstruction and rising transportation prices still have a particular impact on enterprise production; market demand is weak in recovery, and homogenization restricts enterprise development.
At the end of the release, Sun Fang expected the industry’s development in the second half of 2022. After investigating critical enterprises in the industry, he is generally confident that the indicators in the second half and the whole year will achieve positive growth. Still, it is expected that the year-on-year growth rate will decrease. The China Communication Association predicts that under the condition of stable domestic epidemic control, it is anticipated that the economic operation indicators of the industry will continue to grow positively in the second half of the year, but there will be no significant growth. The annual growth rate in 2022 is expected to be 4%-5%.
