Machinery industry's annual profit is expected to increase by 20%

According to data released by the China Machinery Industry Federation on the 4th, the growth rate of China's machinery industry production and sales in the first half of this year exceeded 35%, and the growth rate reached a new high in recent years. It is expected that the annual production, sales and profit growth will reach 20%, and the growth rate of foreign exchange earnings. Up to 15%. ...

According to data released by the China Machinery Industry Federation on the 4th, the growth rate of China's machinery industry production and sales in the first half of this year exceeded 35%, and the growth rate reached a new high in recent years. It is expected that the annual production, sales and profit growth will reach about 20%, and the growth rate of foreign exchange earnings from exports can be achieved. Up to 15%.

In the first half of this year, Cai Weici, executive vice president of the China Machinery Industry Federation, summarized the economic operation of the machinery industry in the first half of this year. In the first half of the year, China's machinery industry rebounded to a good foundation and stabilized, returning to a track of steady and rapid growth.

Statistics show that in the first half of the year, China's machinery industry completed the total industrial output value and sales value of 6.59 trillion yuan and 6.44 trillion yuan respectively, up 36.94% and 37.94% respectively, a sharp increase of 29.66 percentage points and 31.15 percentage points over the same period of last year. In March this year, the production and sales of the month for four consecutive months was over 1 trillion yuan.

In terms of profit, the profitability of China's machinery industry has rebounded sharply this year. From January to May, the machinery industry realized a total profit of 353.642 billion yuan, a record high in the same period, an increase of 163.837 billion yuan, an increase of 86.13% over the same period of last year. Among them, the automobile and construction machinery industry The year-on-year growth rate was the highest, exceeding 110%.

Cai Weici believes that the rapid growth of machinery industry production and sales in the first half of the year was due to the improvement of the macroeconomic situation at home and abroad, and was also affected by the low base in the same period last year. Looking forward to the year-round trend, he believes that the growth rate of production and sales of the machinery industry will gradually stabilize from the previous high and then low. "Returning from ultra-high growth rate to normal growth rate is conducive to accelerating the pace of structural adjustment and the steady development of the industry." Cai Weici said.

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