The overall operation of the mechanical industry is improving

Beijing, July 7th (Li Xinping, An Yihan) Since the beginning of this year, the overall operation of the mechanical industry has continued to show a positive trend, with improved efficiency and stable exports. From January to May, the mechanical industry achieved a cumulative operating revenue of 11 trillion yuan, a year-on-year increase of 10

Beijing, July 7th (Li Xinping, An Yihan) Since the beginning of this year, the overall operation of the mechanical industry has continued to show a positive trend, with improved efficiency and stable exports. From January to May, the mechanical industry achieved a cumulative operating revenue of 11 trillion yuan, a year-on-year increase of 10.6%; The total profit achieved was 613.66 billion yuan, an increase of 18.2% year-on-year. The growth rate of the two indicators is 10.5 and 37 percentage points higher than that of the national industry during the same period, respectively.

Production continues to recover. From January to May, out of the 120 main mechanical products, the production of 63 products increased year-on-year, accounting for 52.5%, surpassing half for the first time since February last year, and the product production achieved a recovery growth.

Fixed assets investment kept growing. From January to May, the accumulated fixed assets investment of the machinery industry increased by 20.3% year on year, 16.3, 11.5 and 14.3 percentage points higher than that of the national, industrial and manufacturing investment. Among them, the electrical machinery, instrumentation, and automotive industries have played an important driving role, with year-on-year growth rates reaching 38.9%, 25.3%, and 17.9% respectively; The investment in general equipment and specialized equipment industries is relatively low, with growth rates of 4.5% and 8.6% respectively.

Foreign trade exports increased year-on-year. From January to May, the mechanical industry achieved a total import and export volume of 446.6 billion US dollars, a year-on-year increase of 7.1%.

Luo Junjie, Executive Vice President of the China Machinery Industry Federation, stated that although the overall operation of the machinery industry is improving, it still faces problems such as insufficient market demand and uncertainty in foreign trade trends, and there is still pressure to achieve stable operation throughout the year. The next step should fully leverage the role of key backbone enterprises to support the smooth operation of the industry.

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