Review and Analysis of the Economic Operation of China's Tool Industry in 2017

On the basis of the steady sales of the whole industry in 2016, after entering 2017, China's tool market has taken on a new look. China's tool industry has maintained a good momentum of production and sales for four consecutive quarters. More than 20%, exports have also hit a new high in recent years, and it is a rare good year in history. The development trend of China's tool market to maintain stable high growth since 2017 shows that our service target, the machine manufacturing industry, has performed well in this round of economic recovery. In addition to popular sectors such as passenger cars, power generation equipment, aerospace, rail transit, and communications electronics that have maintained steady growth in recent years, these sectors have been selling severely cold in the economic downturn in recent years, such as the excavator industry and commercial vehicles. Heavy trucks, etc., also saw a significant turnaround in 2017. The prosperous situation of continuous production and sales of tool products is obviously a function of the country's macroeconomic situation and steady growth measures. At the same time, the vast number of tool companies have made great progress in management, structural adjustment and industrial upgrading in recent years. The significant increase in the capacity of key manufacturing services is also an important factor. In the past few years, the sales revenue, which was greatly reduced due to the decrease in the demand for traditional low-end standard measuring tools, is gradually being compensated by the sales growth of medium and high-end tools serving modern manufacturing, which proves the achievements of the product structure adjustment of China's tool industry.
I. Statistical analysis of the economic operation of member companies According to the comprehensive statistics of the 86 member companies of the China Machine Tool Industry Association Tool Association, the total industrial output value in 2017 was 1,681.517 million yuan, an increase of 18.4% year-on-year according to the comparable caliber, of which the output value of tool products was 1159825.5. Ten thousand yuan, an increase of 18.8% year-on-year according to comparable caliber; industrial sales output value of 1,650,775,500 yuan, an increase of 22.3% year-on-year according to comparable caliber, of which the sales value of tool products was 1,112,385.3 million yuan, an increase of 21.4% year-on-year according to comparable caliber; product sales income of 159,144.63 million yuan According to comparable caliber, the growth rate was 23.6%; the industrial added value was 651,088.2 million yuan, an increase of 25.4% over the comparable year-on-year. In 2017, the member industry that participated in the annual statistics of the tool industry realized a profit and tax of 199.365 million yuan, a year-on-year increase of 37.4%; a total profit of 142.09 million yuan, a year-on-year increase of 60.6% (of which 76 companies profited, and 4 of the 10 loss-making enterprises) The loss of the company decreased year-on-year. The average number of employees in 86 enterprises was 39,353, an increase of 152; the total labor productivity (calculated by industrial added value) was 165,448 yuan/person, a year-on-year increase of 24.9%. According to industry statistics, the growth of all major economic indicators in the industry in 2017 was double-digit, and the average sales profit of member companies was as high as 60.6% compared with the previous year, which became a bright spot. On the one hand, most enterprises originating from the tool industry are strengthening management, reducing costs and increasing efficiency, and increasing the sales of high value-added mid-to-high-end products. On the other hand, there are also the effects of price adjustments of tool products. 1. Completion of major economic indicators of member companies (see Table 1) Table 1 Completion of major economic indicators of member companies of 2017 Tool Branch 微信图片_20180614135739.jpg 2. Production of classified products of member companies In 2017, the 86 member companies participating in the annual statistics produced a total of 10,786,100 pieces of various types of tools, which increased by 14.8% compared with the previous year; the production of various types of measuring tools was 32,587,300 pieces, comparable The caliber decreased by 6.8% compared with the previous year; the production of 60,558 sets (sets) of various types of measuring instruments increased by 12.5% ​​year-on-year. The production of classified products is shown in Table 2. Table 2 Production of classified products of member clubs in 2017 微信图片_20180614135745.jpg 3. Exports of classified products of member companies In 2017, the 86 member companies participating in the annual statistics exported a total of 521.87 million pieces of various types of tools, which increased by 2.4% compared with the previous year; the export of various types of tools was 9,282,800 pieces, comparable The caliber was slightly reduced by 0.9% from the previous year; 3,315 units (sets) of various types of measuring instruments were exported, an increase of 12.2% year-on-year. Calculated by value: tool exports increased by 16.8% year-on-year, and the export of measuring tools increased by 10.9% year-on-year. It can be seen that the export value of tools and gauges has increased much faster than the export volume. The export status of classified products is shown in Table 3. Table 3 Exports of classified products of member companies in 2017 微信图片_20180614135750.jpg Second, the national tool market and sales According to the statistics of the China Machine Tool Industry Association Tool Branch, the total consumption of China's tool market in 2017 increased from 32.15 billion yuan in 2016 to 38.8 billion yuan, an increase of 20.7% (Figure 1); Among them: domestically produced tools are about 24.9 billion yuan, an increase of 23.3% compared with 2016. 微信图片_20180614135754.jpg Figure 1 The change of consumption scale of China's tool market in 2005-2017 is based on the tool market in the second half of 2016 and the good development of China's manufacturing industry in 2017. In 2017, European, American, Japanese, Korean and other multinational tool companies continue to introduce new products. Optimized sales and service, the year-on-year growth continued to be at a double-digit high level, and some foreign companies even achieved sales growth of up to 20% year-on-year. In 2017, China's tool imports were about 13.9 billion yuan, an increase of about 16% compared with 2016, exceeding the historical best level since 2005, accounting for 35.8% (Figure 2). 微信图片_20180614135758.jpg Figure 2 Change in China's imported tool consumption share from 2005 to 2017. Exports: In 2017, the export of tool products in the whole industry increased by 20% year-on-year to 9.6 billion yuan, also setting a record high since 2005 (Figure 3). 微信图片_20180614135802.jpg Figure 3 China's tool export scale change in 2005-2017 Figure 2017 is a bumper year for the tool industry. The actual results of the structural adjustment of the majority of tool companies have been tested in the market competition, and the share of domestically produced tools in the middle and high-end market has been continuously improved, which is very encouraging. The report of the 19th National Congress of the Communist Party of China pointed out: "To build a modern economic system, we must focus on the development of the economy in the real economy, and improve the quality of the supply system as the main direction, significantly enhance China's economic quality advantages. Accelerate the construction of manufacturing power and accelerate development. Advanced manufacturing. "China's acceleration of the pace of development of advanced manufacturing industry is the biggest opportunity for the tool industry. It is a must for the industry. If China's economy turns to a high-quality development stage, the tool industry faces new challenges and transformation and upgrading are more urgent. To adapt to the pursuit of modern manufacturing industry to improve processing efficiency, and fundamentally reverse the dominant position of imported cutting tools in the high-end demand of manufacturing, the tool industry needs to work harder to adjust product structure and improve service level.

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