This year, the growth rate of the machinery industry will continue to slow down.

At present, although the domestic machinery industry has strong internal control, and the domestic sales ratio of machine tools and construction machinery exceeds 75%, it still faces M&A pressure from multinational companies. Therefore, the development of our machinery industry requires more efforts.

According to the Shandong Machinery Industry Association, from the January to November 2013 economic operation of the machinery industry in the province, the "winter" of the Shandong Machinery Industry has passed, and the cumulative growth of the main indicators such as main business income and total profit has been restored. To about 15% of the normal level.

It is understood that in 2013, the overall income and profits of the Shandong Machinery Industry fell sharply in the first quarter, and the province’s machinery industry accounted for more than half of the 14 sub-sector losses. The situation is very grim. After a series of efforts such as technological transformation and scientific and technological innovation, the overall economic efficiency of our province's machinery industry has picked up moderately. From January to November 2013, 11666 enterprises above designated size in the machinery industry of our province had achieved a total income of 2,514.144 billion yuan, a year-on-year increase of 14.95%, and a total profit of 163.951 billion yuan, an increase of 15.39% compared with the previous year. The main indicators such as main business income, total profits and taxes, and total profits of the machinery industry in Jiangsu province ranks second among all provinces and municipalities in the country after Jiangsu.

Shandong Machinery Industry Top 100 released Shandong Machinery Industry Association recently announced the province's top 100 machinery industry enterprises, Weichai, heavy truck, when the wind and other companies on the list.

It is understood that last year, the province's large-scale mechanical industrial enterprises in the main business income, the total amount of profits completed were 2.7706 trillion yuan, respectively, 186.8 billion yuan, an increase of 15.06%, respectively, 16.41%. The major economic indicators, such as operating income and total profits, ranked second in the national machinery industry and ranked second among the 14 industrial sectors in the province. Among them, the top 100 companies achieved a total revenue of 575.6 billion yuan from their main business and a total profit of 29.1 billion yuan, accounting for 21% and 16% of the total machinery enterprises above designated size.

This year, the growth rate of the machinery industry will continue to slow. Cai Weici, vice president of the China Federation of Machinery Industry, said on the same day that this year, the overall external environment for the development of the machinery industry is unlikely to change significantly. It is expected that this year's mechanical industry will increase production and sales and profits this year. The speed will reach about 12%, and the export growth rate is expected to reach about 8%.

"The total demand for mechanical products in this year is expected to continue to grow at a moderate rate without drastic changes, but due to the ever-increasing number of bases, the increase will continue to slow. It is expected that the division of machinery and industrial enterprises will further increase in the future. The merger and reorganization between enterprises will continue to accelerate.” Cai Weici said that machinery companies must enhance their awareness of the crisis and accelerate their own quality and competitiveness. Focusing on attacking the high-end and bases as the main focus points for structural adjustment, the transition to a development approach that focuses on innovation, integration, and green development will be adopted.

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