Orders reduce inventory high China Machine Co

Recently, the reporter learned from the China Machinery Industry Federation that, since 2011, the year-on-year growth rate of the finished goods inventory of the machinery industry is basically at a high of about 20%, far higher than the level of about 10% in the previous two years. The growth rate of enterprise orders has decreased significantly, and the lack of orders further exacerbated the contradiction of overcapacity.

In view of the increasingly difficult development trend, Cai Weici, Executive Vice President of China Machine Carriers, is a recruiter for industry enterprises: Even at the expense of some speed, the entire industry must continue to commit to advancing the industrial structure adjustment and upgrade of the machinery industry, and do everything possible to increase the "attack. "High-end, high-tech foundations," will transform the already overwhelming excess of general processing capacity, upgrade into high-end production capacity that is still in short supply, and strengthen the long-term development potential of the industry.

Order to reduce high inventory <br> <br> It is understood that, compared with previous years sales index in 2011, the machinery industry economic indicators fell faster, the problems and difficulties faced by the industry continued to accumulate runs. Mainly in the following areas:

Profits fell faster than production and sales, and profit margins declined. In 2011, the growth rate of production and sales of machinery industry and profit growth all showed a downward trend. The growth rate of industrial output fell from 33.93% in the previous year to 25.06% in 2011, and the decline rate was significantly faster than production and sales.

Market demand is weak, and the contradiction between overcapacity is highlighted. Affected by the slowdown in investment in the user industry and the turmoil in the export market, market demand for machinery products has been weak since 2011, and finished product inventories are much higher than the level of around 10% in the previous two years. At the same time, the growth rate of corporate orders has decreased significantly, and the statistics of the key industrial enterprises surveyed by the machinery industry show that the accumulated orders are obviously lower than the level of more than 30% in the same period of last year.

The increase in the cost of funds used makes it more difficult to operate. In 2011, with the adjustment of monetary policy and the tightening of liquidity in the capital market, the demand for liquidity by enterprises exceeded the supply capacity of the market, resulting in the difficulty in recovering funds and rising financing costs. Since May, the total accounts receivable of the machinery industry has exceeded 2 trillion yuan, a year-on-year increase of 21.98%. Insufficient supply of market funds has led to a substantial increase in the cost of funds used.

Export "low end" import "high end"

From the perspective of the industry's operating situation, although some progress was made in structural adjustments during the past year, compared with the more drastic changes in the current demand market, the momentum of this progress is still not fast enough. This can be seen from the brief analysis of the foreign trade situation of the machinery industry in 2011.

According to statistics, in 2011, the import volume of machinery industry imports reached 309.4 billion U.S. dollars, an increase of 21.18% over the previous year, indicating that the domestic supply capacity has not yet fully satisfied the needs of all parties.

Moreover, in 2011, the trade deficits between China's machinery industry and Germany, Japan, and other equipment manufacturing powers were as high as 57.8 billion U.S. dollars and 49.2 billion U.S. dollars, respectively, which collectively demonstrated the huge gap between China's high-end equipment and the world advanced level.

Although China’s machinery industry’s foreign trade achieved a surplus of approximately US$12.4 billion in 2011, the surplus mainly comes from the processing trade at the low end of the industrial chain, and in the “general trade” that can better reflect the level of competitiveness of the actual industry, it is The huge deficit of 222 billion U.S. dollars.

Accelerate the transformation to enhance stamina <br> <br> Industry experts believe that, although the adjustment of industrial structure of China's machinery industry has started, but still need to accelerate the upgrading Although the beginning, still encouraging. If this is not the case, it will not be possible to convert excess capacity into supply capacity that can adapt to demand escalation. If not, it will not be sufficient to curb the trend of deterioration in efficiency.

Cai Weici suggested that the entire industry should continue to commit to promoting the adjustment and upgrading of the industrial structure of the machinery industry, and do everything possible to increase the "high-end, high-tech foundation" efforts, transforming the general excess processing capacity into a high-end production that is still in short supply. Ability to enhance the long-term development of the industry.

Cai Weici emphasized that in the new year, the entire industry must consciously commit itself to improving the independent innovation capability and market share of high-end equipment, commit to improving the quality and brand reputation of large-scale and wide-range products, and strive to improve the energy efficiency index of products. , is committed to the development of modern manufacturing services, in order to better provide support for the transformation of various user industries, development mode; more consciously for the urgent needs of high-end equipment host, and accelerate the breakthrough of key bottlenecks, basic processes and basic material bottlenecks; More consciously shifting investment from general capacity expansion to nurturing innovation; more consciously accelerating the deep integration of informatization and industrialization; and more consciously committing to “green” development.