After the last round of rapid development of China's machinery industry, profitability has improved, which is conducive to the company's equipment upgrades, and those enterprises with backward technology and equipment will be eliminated. For a period of time, the performance of the special equipment industry has also been different: Some industries have optimistic market prospects and policy support; some industries have fierce competition and the technical level needs to be improved. According to PMI (China Manufacturing Purchasing Managers Index), in September this year, the backlog index for special equipment manufacturing industry was below 50%, and the finished goods inventory index was below 40%, indicating that the industry’s production scale has contracted and the overall situation has been declining.
The railway and other industries have a wide market for special equipment
Localization policies have provided opportunities for major equipment manufacturing industries, especially in the special equipment industry such as railway equipment, energy equipment, and shipping ports. It is worth mentioning that the special equipment industry is not only supported by industrial policies, but also driven by investment in downstream industries, such as railway investment. According to the plan, during the "Eleventh Five-Year Plan" period, China's annual average investment in fixed assets will reach 250 billion yuan, and it is expected to reach 90,000 kilometers by 2010. From PMI's point of view, the production index of the transportation equipment manufacturing industry reached 70.8% in September, and the production of transportation equipment manufacturing industry expanded. Demand for special equipment also began to increase, and the railway special equipment manufacturing industry was about to enter the business climate channel.
Refinery equipment manufacturing industry will usher in a new period of development
In 2006, most of the production and sales indicators of the refining equipment industry maintained rapid growth. The implementation of development strategies such as the West-East Gas Pipeline Project and the rejuvenation of the old industrial area in northeast China has driven the development of the refining equipment manufacturing industry, and the demand for refinery equipment will further increase. The rapid development of the petroleum industry has also brought about positive effects on the manufacture of special equipment for refining and refining.
With the increase in oil consumption, the total amount of fixed assets that China has invested in the production of petroleum and petrochemical equipment is also increasing. The increased investment of the petroleum and petrochemical industry will drive the rapid development of the equipment manufacturing industry. In addition, the implementation of key projects such as the development of large-scale fertilizers and ethylene plants, the development of key manufacturing technologies and equipment, the exploration of oil and gas, and the manufacture of drilling and mining equipment have brought rare development opportunities to the refining equipment manufacturing industry.
Metallurgical, electrical equipment is facing fierce competition
In 2006, the sales and profit indicators of the metallurgical equipment manufacturing industry maintained rapid growth, and the import and export of China's metallurgical proprietary equipment products also increased. However, competition in the metallurgical equipment market is fierce.
In the first half of 2006, the total profit realized by the electrical industry reached 24.994 billion yuan, an increase of 39.40% over the same period of last year. The profits of the company were higher, and the funds used for equipment renewal were also increased, and more funds could be used to purchase electrical equipment. It is estimated that in 2006 the growth rate of the electrical equipment industry can still be more than 10%, and the export delivery value of electrical special equipment is expected to continue to increase.
China's special equipment for electricians is cheap and its technical level is not low. It is suitable for use by developing countries and is suitable for use by developed countries. The export prospects are broad. The adjustment of this export tax rebate is also conducive to the export of electrician-specific equipment. However, special equipment for electricians also face the problem of low level of repeated production and fierce competition at low prices.
The railway and other industries have a wide market for special equipment
Localization policies have provided opportunities for major equipment manufacturing industries, especially in the special equipment industry such as railway equipment, energy equipment, and shipping ports. It is worth mentioning that the special equipment industry is not only supported by industrial policies, but also driven by investment in downstream industries, such as railway investment. According to the plan, during the "Eleventh Five-Year Plan" period, China's annual average investment in fixed assets will reach 250 billion yuan, and it is expected to reach 90,000 kilometers by 2010. From PMI's point of view, the production index of the transportation equipment manufacturing industry reached 70.8% in September, and the production of transportation equipment manufacturing industry expanded. Demand for special equipment also began to increase, and the railway special equipment manufacturing industry was about to enter the business climate channel.
Refinery equipment manufacturing industry will usher in a new period of development
In 2006, most of the production and sales indicators of the refining equipment industry maintained rapid growth. The implementation of development strategies such as the West-East Gas Pipeline Project and the rejuvenation of the old industrial area in northeast China has driven the development of the refining equipment manufacturing industry, and the demand for refinery equipment will further increase. The rapid development of the petroleum industry has also brought about positive effects on the manufacture of special equipment for refining and refining.
With the increase in oil consumption, the total amount of fixed assets that China has invested in the production of petroleum and petrochemical equipment is also increasing. The increased investment of the petroleum and petrochemical industry will drive the rapid development of the equipment manufacturing industry. In addition, the implementation of key projects such as the development of large-scale fertilizers and ethylene plants, the development of key manufacturing technologies and equipment, the exploration of oil and gas, and the manufacture of drilling and mining equipment have brought rare development opportunities to the refining equipment manufacturing industry.
Metallurgical, electrical equipment is facing fierce competition
In 2006, the sales and profit indicators of the metallurgical equipment manufacturing industry maintained rapid growth, and the import and export of China's metallurgical proprietary equipment products also increased. However, competition in the metallurgical equipment market is fierce.
In the first half of 2006, the total profit realized by the electrical industry reached 24.994 billion yuan, an increase of 39.40% over the same period of last year. The profits of the company were higher, and the funds used for equipment renewal were also increased, and more funds could be used to purchase electrical equipment. It is estimated that in 2006 the growth rate of the electrical equipment industry can still be more than 10%, and the export delivery value of electrical special equipment is expected to continue to increase.
China's special equipment for electricians is cheap and its technical level is not low. It is suitable for use by developing countries and is suitable for use by developed countries. The export prospects are broad. The adjustment of this export tax rebate is also conducive to the export of electrician-specific equipment. However, special equipment for electricians also face the problem of low level of repeated production and fierce competition at low prices.
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