China Heavy Machinery Industry Characteristics

Submitted by: Lanbo Jiang

According to latest statistical data analysis, this year, China’s heavy duty machinery industry has been rapid development, from January to September, the domestic heavy duty machinery industry total output value, product sales revenue has broken 100 billion yuan mark.

Currently the development of heavy machinery industry What are the characteristics, what issues of concern, with the steel industry is closely related to the production and sale of equipment how the situation, import and export situation? China Heavy Machinery Industry Association, the persons concerned have been analysis.

Metallurgical and mining equipment industry, the economy continued to improve

Heavy machinery industry production and operation of metallurgical and mining equipment industry maintained steady and rapid growth, economic benefits have also continued to improve. Previous 9 months, heavy machine industry industrial output value (current value) of 37.304 billion yuan, an increase of 52.17%; product sales revenue of 34.385 billion yuan, an increase of 56.18%; industry total profits 701 million yuan, an increase of 287.46%.

Metallurgical and mining equipment industry, economic indicators have improved, but still need to change the status of a lower level. 9 months ago, industry gross profit rate of product sales revenue increased by 1.22 percentage points, but still need to further improve the level of eco efficiency indicators.

The main products import and export trade volume has increased rapidly, but imports are still much larger than the amount of product exports. Previous 9 months, metallurgical mine equipment industry’s major product exports 208 million U.S. dollars, imports amounted to 1.483 billion U.S. dollars, imports and exports amounted to 1.692 billion U.S. dollars, import and export trade deficit of 1.275 billion U.S. dollars. Imports the largest products are: metal rolling mills and spare parts 701 billion, mineral screening, washing, crushing equipment for the 290 million U.S. dollars, metal smelting equipment and spare parts for the 241 million U.S. dollars.

State metallurgy, cement and other industries with overheated investment to implement macro control measures, the current impact of the domestic heavy machinery industry, has been further demonstrated. Output of smelting equipment, such as year on year growth rate, from January to March of this year’s 51.53 percent, from January to April to 56.80 percent, from January to May’s 50.32 percent, down from January to June of 43.53 percent, from January to July of 38.46 % from January to August’s 32.29 percent, and from January to September to 28.59 percent, showing the gradual downward trend, of which the first 9 months of the cumulative growth rate has dropped to 30% year on year. Another example is mining equipment production growth rate year on year from January to March this year, 43.64 percent tally, after which has been below 40% and the gradual downward trend, which from January to April to 39.91 percent, from January to May to 39.76 percent, from 1 to June is 38.33%, from January to July of 36.68 percent, from January to August of 34.94 percent, from January to September is 33.52%.

Hoisting and conveying equipment (material handling equipment) industry sales continue to grow

First, industry production, sales continued to maintain rapid growth, economic indicators continued to improve. January to September 2004, the industry total industrial output value (current value) of 72.285 billion yuan, up 34.68%, product sales revenue of 70.349 billion yuan, up 35.11 percent, the industry total profits increased by 23.32%.

Second, is the industry’s main product import and export volume has increased rapidly, imports more than exports. January to September, 2004, material handling equipment products exports 1.645 billion U.S. dollars, imports amounted to 1.983 billion U.S. dollars, imports and exports amounted to 3.628 billion U.S. dollars, import and export trade deficit was 3.38 billion U.S. dollars.

Exports a large product categories are: crane, lifting frame products 6.37 billion U.S. dollars, pulley, hoist, hoist, jack lifting equipment product categories smaller 345 billion U.S. dollars. Exports a large container crane products are 397 million U.S. dollars, jack 196 million U.S. dollars, 161 million gantry crane. Imports a large product category: Other lifting, handling, loading and unloading machinery products for the 908 million U.S. dollars, cranes, lifting frame products for the 496 million U.S. dollars, the smaller lifting equipment products for the 208 million U.S. dollars. Imports the largest product is a continuous conveyor 653 million U.S. dollars, not elsewhere specified or lifting, handling, loading and unloading machinery 218 million U.S. dollars, 153 million passenger elevator.

Third, the country of metallurgy, cement and other industries with overheated investment to implement macro control measures, lifting and transport equipment (materials handling equipment) industry influence further demonstrated. Lifting equipment, such as production was declining year on year growth trend. The index from January to March is 62.25%, from January to April and from January to May were reduced to 49.82%, 44.10%, followed by further dropped to l to 6 months of 37.63%, from January to July of 39.64%, from January to August’s 28.24 percent, from January to September to 28.39%. Another example is the growth rate of truck production declined year on year.

The index from January to March is 63.09 percent, from January to April and from January to May were reduced to 57.09%, 50.28%, followed by further reduced from January to June of 44.82 percent, from January to July of 40.H %, from January to August’s 35.77 percent, from January to September to 31.13%. However, the transportation machinery output is on the rise year on year growth trend. The index from January to March and from January to April, respectively 20.22%, 28.14%, followed has further increased from January to May to 32.55 percent, from January to June to 37.38%, from January to September to 37.09%, from January to August of 38.39 percent, from January to September is 37.25%.

Turning to this year’s heavy duty machinery industry in China since the development of the situation in question, the relevant parties believe that, at present, China’s heavy duty machinery industry in national economic development and accelerate the development of related industries and accelerate driven by technological advances, has been rapid development of advanced technologies in the relevant equipment in China has achieved remarkable results. Heavy machinery industry in China needs to further enhance the market competitiveness and speed up development and production of superior products, in the output value and sales income, while breakthrough towards the product grade and quality of new improvements.

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