"In the first half of this year, China's small and medium-sized motor industry achieved an industrial output value of 28.82 billion yuan, an increase of 22.8% over the previous year; the industry achieved a total output of 91.749 million kilowatts, an increase of 13.409 million kilowatts, an increase of 17.1% year-on-year; and a sales income of 28.63 billion yuan, an increase from the same period last year. 5.22 billion yuan, an increase of 22.3%; a profit of 1.67 billion yuan, an increase of 12.1% year-on-year.
Recently, the China Small Electrical Appliances Association (hereinafter referred to as the "Small and Medium Motor Branch") of the China Electrical Equipment Industry Association announced the statistics of its operating data for 69 motor manufacturing enterprises across the country in the first half of this year.
Although China’s economy maintained sustained high growth in the first half of the year, there were also phenomena such as excess liquidity and increased inflationary pressures, which led to monetary policy adjustments. Since the beginning of this year, the central bank raised interest rates three times, increased the bank deposit reserve ratio six times, curbed the overheated growth momentum, and had a great impact on SMEs. At the same time, the financial crisis in the international arena still looms overshadowed by the frequent multinational debt crisis, and the export pressure of many industries in China has increased. Under this complex domestic and international economic situation, the economic indicators of China's small and medium-sized motor industries in the first half of the year are still all across the board.
The output of all varieties rose in tandem with the rise in exports, and the statistical results of the meso- and micro-scale motor clubs were reported. The “Mechatronics†reporter found that while the total production volume has increased, the output of different subdivided types of motors has increased, including permanent magnet motors. The most significant increase was observed.
According to statistics, in the first half of this year, the output of small AC motors in China was 43.129 million kilowatts, which was a year-on-year increase of 14.8%. Among them, the output of permanent magnet motors was 913,000 kilowatts, an increase of 450,000 kilowatts over the same period of last year, with a growth rate of 97.2%; the output of large and medium-sized ac motors was 35.821 million kilowatts, an increase of 5.574 million kilowatts, a year-on-year increase of 18.4%; the output of general alternators was 835 10,000 kilowatts, an increase of 1.594 million kilowatts, an increase of 23.6%; DC motor production of 4.449 million kilowatts, an increase of 690,000 kilowatts, an increase of 18.4%.
From a sales point of view, permanent magnet motors also performed outstandingly. In the small and medium-sized motor industries (including motors and generators), motor sales revenue totaled 19.23 billion yuan, a year-on-year increase of 23.4%, of which permanent magnet motors earned 710 million yuan. An increase of 300 million yuan over the same period last year, an increase of 73.1%. Generator sales revenue was 2.78 billion yuan, an increase of only 7.2% year-on-year.
This trend can also be seen from the growth of corporate income. It is understood that 13 companies participating in the statistics involved the production of permanent magnet motors, and 12 of these companies achieved revenue growth, accounting for 92.3%.
At the same time as the increase in production and sales volume, the small and medium-sized motor industries also achieved a double-growth in export sales and export revenue under the general trend of increasing export pressure in other industries and maintaining stability.
According to statistics, in the first half of the year China's export sales of small and medium-sized motors was 11.675 million kilowatts, an increase of 34% year-on-year; export motor revenue was approximately 2.24 billion yuan, an increase of 38.1%. Of the 38 export companies, 28 sales increased, accounting for 73.7%.
There are some concerns, but at the same time that the industry’s production, sales, and exports have increased dramatically, the hidden problems of some data cannot help but worry people.
Although the profit for the small and medium-sized motor industry increased by 12.1% year-on-year in the first half of the year, it declined by 13.6 percentage points from the previous quarter. In this regard, the SME Committee believes that due to the continued appreciation of the renminbi, the rising consumer price index, the tightening of the national monetary policy, the increase in labor costs, and the increase in the price of raw materials, the industry’s profit growth space has shrunk and lags behind industrial production and sales. The growth of income indicators.
From the perspective of production and sales volume, 56 of the 69 enterprises in the statistics have increased production, accounting for 81.2% of the total number of enterprises; 11 enterprises have reduced their production, accounting for 15.9% of the total number of enterprises; 2 companies have been flat. Sales revenue of 58 companies increased, which accounted for 84.1% of the total number of companies. Among them, motor revenues of 56 companies increased, accounting for 81.2%, and generator revenues of 9 companies increased, accounting for 52.9% of the 17 generator manufacturing companies in the industry.
From the data point of view, it seems that the overall operation of the industry is in good condition, and most companies have realized increased production and sales. However, compared with the previous situation, experts of the small and medium-sized motor sub-committee told reporters that, in fact, the overall growth of motor production and sales in the industry is slowing down, and, in addition to the continued rapid growth of individual generator companies, most generator manufacturers produce and sell A significant year-on-year decline.
According to its statistics, the comprehensive economic benefit index of the small and medium-sized motor industry in the first half of the year was 194.2, a year-on-year decrease of 3.6 percentage points, which constituted the main indices of the industrial economic efficiency index, such as total asset contribution rate, asset maintenance value-added rate, cost-cost margin, and products. The sales ratios were 9.1%, 126.2%, 6.1% and 98.3% respectively, down by 1.5, 14.2, 0.2 and 1.4 percentage points year-on-year. The asset-liability ratio was 63.5%, a year-on-year increase of 0.3%.
In addition, there are some unfavorable factors affecting the development of the small and medium-sized motor industries that need attention.
First of all, due to the impact of the state's macro-control policies, the difficulty of financing loans for enterprises has increased, resulting in tight liquidity. Moreover, the delay of some investment construction projects has indirectly led to an increase in the industry’s corporate inventories and the high level of accounts payable accounts receivable. It is understood that in the first half of the year, the industry's inventory increased by 45.9% year-on-year, total accounts receivable increased by 43% year-on-year, and total accounts payable increased by 43.8% year-on-year.
Second, in the face of financial difficulties, the rapid increase in the cost of raw materials has also boosted the size of small and medium-sized motor companies. In the first half of the main raw materials for small and medium-sized motors, the prices of hot-rolled silicon steel sheet, cold-rolled silicon steel sheet, magnet wire, and carbon-bonded steel increased by 7.0%, 0.9%, 20.3%, and 15.3% year-on-year respectively.
“Companies should increase the sales market, strengthen the fund repatriation, and ensure that the risk of capital is reduced.†Experts of the SME branch suggest that “although the overall situation in the first half of the year is good, the economic operation situation is still very complicated and industry enterprises should accelerate the adjustment of product structure. And changing the mode of development, increasing the added value of products, and constantly improving the competitiveness."
Recently, the China Small Electrical Appliances Association (hereinafter referred to as the "Small and Medium Motor Branch") of the China Electrical Equipment Industry Association announced the statistics of its operating data for 69 motor manufacturing enterprises across the country in the first half of this year.
Although China’s economy maintained sustained high growth in the first half of the year, there were also phenomena such as excess liquidity and increased inflationary pressures, which led to monetary policy adjustments. Since the beginning of this year, the central bank raised interest rates three times, increased the bank deposit reserve ratio six times, curbed the overheated growth momentum, and had a great impact on SMEs. At the same time, the financial crisis in the international arena still looms overshadowed by the frequent multinational debt crisis, and the export pressure of many industries in China has increased. Under this complex domestic and international economic situation, the economic indicators of China's small and medium-sized motor industries in the first half of the year are still all across the board.
The output of all varieties rose in tandem with the rise in exports, and the statistical results of the meso- and micro-scale motor clubs were reported. The “Mechatronics†reporter found that while the total production volume has increased, the output of different subdivided types of motors has increased, including permanent magnet motors. The most significant increase was observed.
According to statistics, in the first half of this year, the output of small AC motors in China was 43.129 million kilowatts, which was a year-on-year increase of 14.8%. Among them, the output of permanent magnet motors was 913,000 kilowatts, an increase of 450,000 kilowatts over the same period of last year, with a growth rate of 97.2%; the output of large and medium-sized ac motors was 35.821 million kilowatts, an increase of 5.574 million kilowatts, a year-on-year increase of 18.4%; the output of general alternators was 835 10,000 kilowatts, an increase of 1.594 million kilowatts, an increase of 23.6%; DC motor production of 4.449 million kilowatts, an increase of 690,000 kilowatts, an increase of 18.4%.
From a sales point of view, permanent magnet motors also performed outstandingly. In the small and medium-sized motor industries (including motors and generators), motor sales revenue totaled 19.23 billion yuan, a year-on-year increase of 23.4%, of which permanent magnet motors earned 710 million yuan. An increase of 300 million yuan over the same period last year, an increase of 73.1%. Generator sales revenue was 2.78 billion yuan, an increase of only 7.2% year-on-year.
This trend can also be seen from the growth of corporate income. It is understood that 13 companies participating in the statistics involved the production of permanent magnet motors, and 12 of these companies achieved revenue growth, accounting for 92.3%.
At the same time as the increase in production and sales volume, the small and medium-sized motor industries also achieved a double-growth in export sales and export revenue under the general trend of increasing export pressure in other industries and maintaining stability.
According to statistics, in the first half of the year China's export sales of small and medium-sized motors was 11.675 million kilowatts, an increase of 34% year-on-year; export motor revenue was approximately 2.24 billion yuan, an increase of 38.1%. Of the 38 export companies, 28 sales increased, accounting for 73.7%.
There are some concerns, but at the same time that the industry’s production, sales, and exports have increased dramatically, the hidden problems of some data cannot help but worry people.
Although the profit for the small and medium-sized motor industry increased by 12.1% year-on-year in the first half of the year, it declined by 13.6 percentage points from the previous quarter. In this regard, the SME Committee believes that due to the continued appreciation of the renminbi, the rising consumer price index, the tightening of the national monetary policy, the increase in labor costs, and the increase in the price of raw materials, the industry’s profit growth space has shrunk and lags behind industrial production and sales. The growth of income indicators.
From the perspective of production and sales volume, 56 of the 69 enterprises in the statistics have increased production, accounting for 81.2% of the total number of enterprises; 11 enterprises have reduced their production, accounting for 15.9% of the total number of enterprises; 2 companies have been flat. Sales revenue of 58 companies increased, which accounted for 84.1% of the total number of companies. Among them, motor revenues of 56 companies increased, accounting for 81.2%, and generator revenues of 9 companies increased, accounting for 52.9% of the 17 generator manufacturing companies in the industry.
From the data point of view, it seems that the overall operation of the industry is in good condition, and most companies have realized increased production and sales. However, compared with the previous situation, experts of the small and medium-sized motor sub-committee told reporters that, in fact, the overall growth of motor production and sales in the industry is slowing down, and, in addition to the continued rapid growth of individual generator companies, most generator manufacturers produce and sell A significant year-on-year decline.
According to its statistics, the comprehensive economic benefit index of the small and medium-sized motor industry in the first half of the year was 194.2, a year-on-year decrease of 3.6 percentage points, which constituted the main indices of the industrial economic efficiency index, such as total asset contribution rate, asset maintenance value-added rate, cost-cost margin, and products. The sales ratios were 9.1%, 126.2%, 6.1% and 98.3% respectively, down by 1.5, 14.2, 0.2 and 1.4 percentage points year-on-year. The asset-liability ratio was 63.5%, a year-on-year increase of 0.3%.
In addition, there are some unfavorable factors affecting the development of the small and medium-sized motor industries that need attention.
First of all, due to the impact of the state's macro-control policies, the difficulty of financing loans for enterprises has increased, resulting in tight liquidity. Moreover, the delay of some investment construction projects has indirectly led to an increase in the industry’s corporate inventories and the high level of accounts payable accounts receivable. It is understood that in the first half of the year, the industry's inventory increased by 45.9% year-on-year, total accounts receivable increased by 43% year-on-year, and total accounts payable increased by 43.8% year-on-year.
Second, in the face of financial difficulties, the rapid increase in the cost of raw materials has also boosted the size of small and medium-sized motor companies. In the first half of the main raw materials for small and medium-sized motors, the prices of hot-rolled silicon steel sheet, cold-rolled silicon steel sheet, magnet wire, and carbon-bonded steel increased by 7.0%, 0.9%, 20.3%, and 15.3% year-on-year respectively.
“Companies should increase the sales market, strengthen the fund repatriation, and ensure that the risk of capital is reduced.†Experts of the SME branch suggest that “although the overall situation in the first half of the year is good, the economic operation situation is still very complicated and industry enterprises should accelerate the adjustment of product structure. And changing the mode of development, increasing the added value of products, and constantly improving the competitiveness."
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