General Parts Industry Transformation Accelerates

According to the survey conducted by the Machinery General Components Industry Association in the first half of the year on the investigation of a dozen or so companies, despite the lack of upward momentum, the economic performance in the first half of the year was better than expected, and it has stabilized and stopped, and the general parts and components industry has entered the market. Slow growth period.

Slow growth in the industry

Due to the global economic development, the crisis has been one after another. In the first half of the year, the host equipment market was in the doldrums, the demand for accessories was weak, and with the impact of foreign anti-dumping, the orders for mechanical general parts and components industry decreased significantly in the first half of the year. slow growth.

According to Wang Changming, executive vice chairman and secretary-general of the China National Machinery General Parts & Components Industry Association, the total output value of China's machinery parts and components industry in the first half of this year was 155 billion yuan, an increase of 2.64% year-on-year.

The development of the six majors is not balanced. The development of the gear industry is relatively good, and the development of the fasteners, chains, springs, powder metallurgy, and transmission couplings is generally in the first half of the year and basically remains at the level of the same period last year.

In the first half of the year, the import and export of the general parts and components industry also showed a slow growth trend. The total value of imports and exports was 14.141 billion US dollars, a year-on-year increase of 1.89%. Of which, exports were 5.794 billion U.S. dollars, a year-on-year increase of 3.16%. The export situation of gear products was relatively good, totaling US$2.444 billion, accounting for 42.18% of the total export value of the industry, an increase of 8.86% year-on-year. The number of fasteners that had originally ranked first in the industry declined. The proportion fell to 39.7%, a year-on-year negative growth of -0.33%, and the export market decreased.

According to the data provided by the secretariat of the fastener branch, the total output of the fastener industry in the first half of this year is estimated to reach 3.15 million tons, and the sales volume will reach 30.5 billion yuan. The industry has exported 1,244,300 tons of fasteners. Due to the contraction of the international market, coupled with the increasingly serious trade frictions such as anti-dumping, fastener companies have great foreign trade pressure.

In addition, the chain's exports in the first half of the year totaled 674 million U.S. dollars, accounting for 11.6% of the total export value of the industry, which represented a negative growth of -6.27% year-on-year; spring specialty exports in the first half of the year amounted to 150 million U.S. dollars, although the amount was small, but its year-on-year increase It reached 17.71%.

In the first half of the year, the import volume of the general parts and components industry was 8.347 billion U.S. dollars, a year-on-year increase of 3.16%. Among them, the gear import volume was 6.203 billion U.S. dollars, which accounted for 74.3% of the total industry import value, an increase of 2.89% year-on-year; the number of imported fasteners reached 125,800 tons, an increase of -0.11% year on year, and the amount was 1.475 billion U.S. dollars, an increase of -3.88 year-on-year. %.

The professional import and export performance of gears is more prominent and has become a bright spot in the development of the industry. This is mainly due to the relatively strong demand in emerging markets in the international market.

Accelerating business transformation

In the first half of the year, due to the recovery and development of projects such as high-speed rail, nuclear power, and automobiles, as well as the rise of emerging markets in the world, the development of the mechanical parts and components industry was boosted. The decline in the prices of raw materials, especially steel, has also reduced the cost pressure on companies.

As the market shrinks and the profit space decreases, most of the related companies have made great efforts in adjusting product structure, strengthening management, and research and development of new products, and have also innovated sales models.

Taking the fastener industry as an example, in the first half of the year, the industry strengthened the research and development of new products, and production and added value increased significantly. New product sales and production increased by 57.6% and 81.4% year-on-year, respectively, and most companies are new. There has been a breakthrough in product input and output.

It is reported that in the first half of the year, the secretariat of the Chain Drives Subcommittee conducted research on a number of companies in Hangzhou and Huzhou in the Deqing area. Except that the production of individual enterprises decreased slightly compared to the same period of last year, most enterprises were basically the same as last year, and most of them were small and micro enterprises. Difficulties in production and operation make it difficult for many SMEs to raise funds. Funds have even become the number one problem. Many companies have many new developments, new changes, and new highlights, especially in terms of innovation-driven, transformation and upgrading, advancement of science and technology, and promotion of corporate culture.