Hebei's machinery manufacturing industry has a rapid growth rate across the country

In the first half of this year, the growth rate of production, sales, and output of new products in the machinery industry in Hebei Province continued the good momentum of development in recent years. It is still operating at a high level. The economic benefits of the entire industry have improved markedly, and profits have increased significantly. Major industries such as automobiles and electrical appliances continued to maintain strong growth momentum, with 38 of the main products growing at a double-digit rate.

According to the data released by the Hebei Machinery Industry Association, in the first half of the year, the total value of industrial output of the machinery industry totaled 77.32 billion yuan, ranking 14th in the country, an increase of 34.05%% over the same period of last year and 4.65 percentage points higher than the national average. . The top increases in industrial output value are: construction machinery, electrical appliances, building decoration and plumbing parts, general-purpose petrochemical machinery, instrumentation, machine tools, automobiles and motorcycles, wire ropes and their products, heavy mining machinery, Bearings and universal base parts.

In the first half of the year, the industrial sales value of 74.479 billion yuan was completed, ranking the 14th in the country, an increase of 33.35%%. In terms of sub-industries, the sectors with higher completion rates of production and sales are: metal structure manufacturing, railway transportation equipment, food packaging machinery, bearings and general foundation parts, building decoration and plumbing pipe parts, wire ropes and their products, internal combustion engines, and automobiles. Motorcycles, etc., reached 96%% or more. Moreover, the value of export delivery across the industry continued to grow at a rapid rate, achieving an export delivery value of 7.383 billion yuan, ranking the 10th in the country. Among them, automotive and motorcycle, electrical appliances, petrochemical general machinery and other industries, as well as railway transportation equipment, engineering machinery, agriculture (herd and fishery) machinery, food packaging machinery, heavy mining machinery.

It is worth mentioning that the output value of new products of Hebei's machinery manufacturing industry has moved forward in the country and the increase rate has remained high. In the first half of the year, the industrial output value of the Hebei Province's machinery industry enterprises totaled 6.767 billion yuan, ranking 19th in the country, and 9 more than before 2005; the output value of new products increased by 95.49%% over the same period of last year. It ranks second in the country and is 64.1 percentage points higher than the national average, indicating that companies in the machinery industry in Hebei Province are paying more and more attention to the research and development of new products. Among them, the output value of new products, such as automobiles and motorcycles, electrical appliances, agricultural (herd and fishery) machinery, machine tools, construction machinery, heavy mining machinery, and petrochemical general machinery, has a higher increase.

A person from the Hebei Machinery Industry Association stated that although the profit growth of the machinery industry in January-June was operating at a high level, the difficulty of growth further increased. Due to the substantial price increase of steel, copper, and aluminum, the overcapacity of some products has affected the normal production of machinery industry enterprises. The impact of raw material price increases on the machinery industry has become increasingly prominent. Since most of the products produced by small and medium-sized enterprises in Hebei Province are mostly low-end products, the profit margin is small, the market competition is fierce, and even they have to participate in vicious competition. A considerable part of the company has long been at the edge of losses and has no ability to expand and reproduce. Structural problems remain prominent. Most companies lack core competitiveness, have a slow response to the market, have a long product replacement cycle, and need to further improve their independent innovation capabilities.

According to relevant personage predictions, both the macroeconomic environment and the operating environment of the machinery industry are both opportunities and challenges, but overall, the opportunities are greater than the challenges, which is conducive to the industry continuing to achieve a steady and rapid development. In 2006, the growth rate of Hebei's machinery industry will reach or slightly exceed the average growth rate of 15% of the national machinery industry.

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