In the first quarter of 2011, China's machine tool industry continued the hot market in 2010. The rapid contract growth of enterprises has become a major contradiction in the current production development of enterprises; imports continue to climb at high speed; machine tools exported to emerging markets Tool products showed a substantial increase year-on-year. I. Completion of major economic indicators and import and export statistics of the industry from January to March. Since 2011, the National Bureau of Statistics has defined that enterprises above designated size will be adjusted from annual sales income of over 5 million yuan to over 20 million yuan, and some changes have taken place in the statistical scope. Therefore, the number of statistical enterprises at the end of the first quarter of 2011 was 4,273, which was more than 2,000 less than the end of 2010. The data involved in this article are all within 4,273 companies. 1. Completion of major economic indicators in the industry In the first quarter, the total industrial output value of the machine tool industry was 129.40 billion yuan, a year-on-year increase of 38.1%. The machine tool industry has completed a total sales value of 126.43 billion yuan, an increase of 39.2%. The sales rate of industrial products in the machine tool industry reached 97.7%, an increase of 0.7 percentage points over the same period of the previous year. The machine tool industry achieved a profit of 4.6 billion yuan, an increase of 53.2% over the same period of last year; the output value margin was 5.9%, an increase of 0.6 percentage points year-on-year (1-2 month data). In the current period, the cumulative value of fixed assets investment in the machine tool industry increased by 49.8%. 2. Import and export of machine tool products The cumulative import of machine tool products was US$4.74 billion, a year-on-year increase of 61.9%. Among them, the import of metal processing machine tools was 2.44 billion US dollars, an increase of 71.9%. The export of machine tool products was US$1.83 billion, up 32.7% year-on-year; of which, metal processing machine tools exported 470 million US dollars, up 24.1% year-on-year. II. Characteristics and analysis of the economic operation of the industry 1. Rapid growth in production and sales Although the statistical scope of the National Bureau of Statistics has shrunk, in the first quarter of this year, the total industrial output value and product sales value of the machine tool industry were higher than the same period of the previous year, both exceeding 120 billion yuan. The year-on-year growth was over 38%. The sales rate of industrial products in the machine tool industry reached 97.7%, an increase of 0.7 percentage points over the same period of the previous year. 2. The company's profit margin has increased significantly According to the data of the National Bureau of Statistics, the profit margin of the machine tool industry in February 2011 was 5.9%, which basically reached the highest level in the industry. Although the prices of materials, parts, fuel power, labor, and freight continue to increase in the recent period, and the cost of enterprises continues to increase, our industry still guarantees the growth of profit margins. The main factors are as follows: First, some Enterprises adjust prices according to market demand in a timely manner; second, orders are full, production capacity is fully utilized, and fixed costs per unit are reduced; third, enterprises strengthen management and strictly control costs. 3. Large orders growth In the first three months of this year, industry companies fully reflected the rapid growth of orders and the shortage of products. According to a survey of some key enterprises, the orders at the end of March reached 30.91 billion yuan, a year-on-year increase of 36.3%. According to the understanding of some exhibitors of CIMT2011, the current orders of enterprises generally reach 3~6 months of production capacity, and some even meet the annual production capacity. Overseas companies have also gained a lot at the show. 4. The shortage of functional components has become a bottleneck. The market situation continues to improve and orders continue to increase. Enterprises generally report that delayed delivery has become the norm in my industry. The tight supply of functional components is the focus of this contradiction. It has become the current production of enterprises. Highlight contradictions. 5. Imports are fierce In the first quarter, China's import of machine tool products was fierce, up 61.9% year-on-year, and hit a record high in the same period. Metal cutting machine tools, metal forming machine tools and numerical control devices are the three major import products of machine tools, with year-on-year growth of 71.5%, 73.4% and 58.0% respectively. 6. Export growth was stable In the first quarter, machine tool products continued to maintain steady growth, with exports reaching US$1.83 billion, up 32.7% year-on-year. Exports were the highest in the same period in years, especially for emerging markets. III. Views on the current situation At present, the market has continued to grow at a super high speed for one year. In 2010, 50% of global metal processing machine tools were consumed in China, and the situation is indeed beyond imagination. While many people are still gaining greater benefits for how to expand capacity, there are also concerns about possible market disruptions. In this regard, we have some opinions for the reference of the industry. First, keep your head calm and cautious, and think carefully about the factors that drive the industry's continued rapid growth and how long this growth can last. Second, the import growth rate of machine tool tools is much higher than the growth rate of industrial output value of domestic enterprises, indicating that the market demand for medium and high-end products is stronger than that of medium and low-end products. Third, we must strengthen domestic and international market research, pay attention to policy changes, and grasp market information in a timely manner. Fourth, actively respond to the impact of the formal implementation of ECFA. Fifth, this year is the first year of China's “Twelfth Five-Year Planâ€. Enterprises should formulate a viable five-year plan based on the overall strategy of the company, and strengthen the enterprise as the main goal of transforming the development mode. (For more information, please see the recently published "China Machine Tool" report)
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