The general machinery industry has a good start and the polarization of enterprises continues

In 2018, the general machinery industry started well, and the output value, revenue and profit all increased significantly year-on-year, but some key enterprises still faced operational difficulties. This is the latest news from the summary meeting of the General Machinery Industry Statistics Annual Report of 2018 held in Lanzhou .

Li Duying, deputy secretary-general of the China General Machinery Industry Association and director of the statistical information department, made the development report of the general machinery industry in January and February of 2017 and 2018. The report pointed out that: In 2017, the economic operation of the general machinery industry showed a trend of steady increase and rise. The growth rate in the first half of 2017 reached a high point in recent years, and the development of the industry stabilized and slowed down. In 2018, the general machinery industry continued the steady growth of the previous year and started well. Statistics from the association's 100 key enterprises in the industry show that from January to February 2018, the industrial output value increased by 18.3% year-on-year, operating income increased by 18.1%, total profit increased by 549.1%, and cumulative order quantity increased by 43.5%.


Li Duoying pointed out that the substantial increase in total profit was due to the substantial increase in profits of production and sales of leading enterprises in the industry, such as Shengu, Shaanxi Drum, Hangzhou Oxygen, and Sino-Soviet Sui Valves, which all witnessed rapid growth in production and sales profits, and profit growth was faster than production and sales growth. However, according to the statistics of the key enterprises in the first two months, the polarization of industrial enterprises continues, and the production and operation of some enterprises are still difficult.