The first half of the instrumentation industry data released

Recently, China Instrument and Meter Association released the first half of the industry's economic operating data. In the first half of the year, the overall operation of the instrumentation industry was better than expected. The value of production and sales as well as the profits of the industry all achieved double-digit growth, but the growth rates both slowed down. Due to the sluggish international market, the growth rate of the industry's import and export dropped year-on-year, but the speed of the listing of enterprises accelerated, and mergers and reorganizations achieved certain results.

Experts predict that due to the economic situation at home and abroad, as well as the base number and seasonal factors in the first half of the year, in the second half of the year, the output and sales volume of the instrumentation industry will fluctuate upward.

Industry operating situation is good

From January to June, the production and sales of key enterprises in the instrumentation industry were in good condition. The total industrial output value totaled 270.9 billion yuan, a year-on-year increase of 27.1%, and the industrial sales value totaled 261.7 billion yuan, a year-on-year increase of 26.3%. While the industry's production and sales value has increased, the growth rate has slowed down from the same period of the previous year, slowly falling from 27.9% in February to 27.1%, and from the previous year's -36.6% to 18.7%.

Data show that the first half of the industry's profits showed a monthly increase, from January to June, the industry realized a total profit of 22.8 billion, an increase of 28%, but the profit growth rate dropped significantly. It can be seen that at present, most companies can still maintain a certain degree of profit growth. In particular, the key enterprises have not experienced any significant deterioration in their economic and financial performance. The industry-wide revenue and profit margins have also risen to 8.25%, continuing to maintain manufacturing. In the leading position.

Data from import and export shows that the year-on-year growth of the instrument and meter industry in the first half of this year saw both a year-on-year increase, and the increase in imports has dropped from 30.5% at the beginning of the year to 10.9%. Among them, the increase in imports was larger in laboratory analysis instruments, medical instruments and testing machines, with increases of 45.1%, 44.2% and 71.9%, respectively.

In the first half of this year, the year-on-year growth of industry exports dropped from 34% in the previous year to 15.4%. Monthly export volume fluctuated within a range of 1.5 billion to 1.6 billion US dollars. The year-on-year increase in export delivery value has decreased from 25.7% in the previous year to 13.3%. The proportion of sales in the entire industry has dropped from a high of about 30% to 18.7%.

Although due to the weak international market, the export growth rate decreased, but the export structure was further optimized. For example, decentralized control equipment with higher technological content increased by 97.5% year-on-year, and its export value will exceed US$100 million for the first time this year. In addition, watt-hour meters are commodities that have competitive advantages in China, and have a high market share in the international market. At present, the long-term large-scale exports of magnetoelectric devices have been replaced by electronic ones, and the average unit price of products has increased by about one time. Its export value is expected to exceed 400 million U.S. dollars.

In the first half of this year, while the instrumentation industry achieved above-mentioned achievements, the speed of listing of companies in the industry has also been significantly accelerated, and mergers and acquisitions among enterprises have achieved certain results.

In 2010, 17 companies were listed in the industry, accounting for 29.8% of the total number of listings in the previous 20 years. In the first half of this year, 6 companies including Tianrui, Zhonghai Da, Congguang, Libang, Samsung, and Linyang went public. Through the listing of industrial enterprises, the economic strength has been significantly enhanced and the overall operation is in good condition. According to industry experts, at present, there are dozens of companies in the industry that are actively preparing for listing.

Second half forecast

"According to the influence of the first half of the base and seasonal factors, it is expected that the production and sales of the instrumentation industry will fluctuate upward in the second half of the year, and will gradually decline year-on-year." Industry experts told reporters that in the first half of the year, industry inventories increased year-on-year, which not only indicated that the strong sales of recovery growth in the same period last year had come to an end, but at the same time, the absolute value of inventories did not increase significantly, which also meant that the industry was not overheated and the industry’s needs Production and sales are gradually returning to normal.

Therefore, the above-mentioned experts said: "If the industry's production and sales value in June hit a high this year, it will gradually fall in July and August, and it may recover slightly in September and October, and it will not appear as large as last year at the end of the year." The phenomenon of "tailwatching" is expected to drop by about 10 percentage points year-on-year, and it is also in a normal and stable growth area."

At the same time, in his opinion, since the first half of the year, the industry’s production and sales growth has dropped by 3 percentage points year-on-year, but profit growth has dropped by 18 percentage points year-on-year. Therefore, in the second half of this year, the trend of industry profits falling faster than the year-on-year decline in sales will continue, but the difference between declines will gradually narrow, and the year-on-year increase in profits and production and sales will gradually approach and will become the norm.

According to the China Instrument and Meter Association, this year's industry profit growth will be around 20% year-on-year. The association stated that from 2009 to 2010, the main cause of industry profit growth was the scale effect of restorative growth. However, this year, in the economic environment of rising costs and slowing demand growth, most enterprises can still maintain a certain margin of profit growth. This is achieved through technological progress and structural adjustment. It is expected that the industry's main revenue profit margin will exceed 8.5%, which may hit a record high, close to 9%, and maintain its leading position in manufacturing.

In addition, the association stated that due to the impact of domestic and international economic conditions, it is expected that the industry's growth in imports and exports will gradually slow down in the second half of the year, and the import and export volume will fluctuate in the one-digit area month-on-month, with an increase of around 10% year-on-year. However, with the launch of the "Twelfth Five-Year Plan", especially the implementation of special programs such as environmental protection, food safety, nuclear power, and revitalizing emerging industries, China Instrument and Meter Association expects that the end of this year or early next year, high-end equipment and monitoring and control equipment Imports will further increase, and the annual import and export deficit will exceed 16 billion U.S. dollars.

Finally, the association stated that due to the gradual confirmation of the “Twelfth Five-Year Plan” for various industries, planning, innovation projects, and special projects related to instrumentation will be launched one after another. During the “Twelfth Five-Year Plan” period, the market’s attention and support for high-tech industries such as instrumentation and instrumentation are greater than “Eleventh Five-Year Plan”, which will have a major impact on the scientific and technological progress and structural adjustment of the industry. Therefore, according to the association, since the earliest project will start in the fourth quarter of this year, its substantive role in the development of the industry will start in 2012.