China's Instrumentation Industry in the First Half of 2012

The Completion of the Main Economic Indicators of the Instrument Industry in the First Half of 2012

In the first half of 2012, there were 3,705 large-scale enterprises in the instrument and meter industry in China, with an industrial output value of 314.066 billion yuan, an increase of 17.03% over the previous year. The industrial sales value was 304.948 billion yuan, an increase of 16.79%, of which the export delivery value was 51.862 billion yuan. 11.35%. From January to May, the company realized a profit of 17.7 billion yuan, an increase of 8.05% over the same period of last year. The economic operation trend stabilized and stability progressed.

Analysis of the characteristics of economic operation in the first half of the year:

1. From the perspective of sub-industries, there have been major changes in the first half of this year and in previous years. In the past, the fast-growing automation instrument industry had a large degree of correlation with the “three high” upstream industries such as steel, electricity, coal, chemical, and oil. The year-on-year increase rate dropped from 30% to 13%; analysis, testing, and other scientific instruments remained at 20%. The above increase shows that the demand for scientific research and test equipment in technological innovation is still strong, but the pattern in which medium-to-high-end equipment mainly relies on imports remains unchanged; in the whole industry, it occupies a relatively large proportion, but involves meteorology, oceanography, and geological prospecting such as people’s livelihood, culture and education, etc. Special instruments such as agriculture, forestry, animal husbandry and fishing, culture, education, and medical care have grown rapidly.

2. With the gradual deepening of the economic structure adjustment, the industry’s overall operating situation is tight, and the situation of the enterprises is clearly differentiated. According to preliminary understanding and analysis. At present, the production and sales are in good condition. The growth rate may reach more than 20%, accounting for about 10% to 15%, and the slight increase may be about 50%. At present, it is still about 1/3 of the negative growth area. With the "steady growth" measures in place, it is expected that the ratio of Class I and Class II will gradually increase.

3. Enterprises with good conditions this year are generally those with high technological content, good industrialization results, and little capacity expansion, such as Zhejiang Zhonghua, Beijing and Lishi, Hangzhou Congguang, Shanghai Haoyu Hengping, Shanghai Lanbao, etc. The common characteristic of enterprises is that they are affected by the macro economy. Although the total product demand does not increase significantly, the market share due to competitive advantages is constantly rising. For example, DCS, in competition with many well-known foreign companies, may be entered into by the company during the period of interest and profit. In the first three, growth in production and sales mainly relied on technological progress and services, and it recaptured the market from foreign companies. Due to the high-end products and the emphasis on modern enterprise management, the gross profit of the leading products of excellent enterprises exceeds 50%, the net profit of enterprises exceeds 15%, and the service business such as engineering integration and software reaches 35%.

4. Unlike 2008, many companies have taken this year to increase their exports to make up for the decline in domestic demand. For instance, the electricity meter industry exported 14.54 million units from January to June, an increase of 40.39% and the amount was 295 million US dollars, an increase of 43.7%. It is expected to reach more than 25 million units for the first time in the year, exceeding US$500 million for the first time; the export of the gas meter industry has been negative for two consecutive years, and this year it has become negative and double-digit growth; the optical components industry was in camera and camera market in previous years. Weak and export decline, recently seized the momentum of global mobile phone sales momentum, and carried out structural adjustment. At present, 80% of the world's mobile phone lenses are produced in China. From January to June, 12.58 million optical components have been exported, representing an amount of 880 million US dollars, an increase of 33.6%. Not only has traditional export products grown, high-end product exports have also been vigorously explored. On March 20th this year, Beijing and Lishi signed a contract with the Hong Kong Railway Company to provide all ground and on-board signal systems for the Guangzhou-Shenzhen-Hong Kong High-speed Rail (Hong Kong Section), with a contract value of 4.9. Hong Kong dollar. In April and May of this year, Zhejiang Zhonghua has undertaken two petrochemical projects in two countries in the Middle East, adopting the Chinese control system and assembling by MAV. The amount is about 400 million and 300 million respectively. The above situation shows that although the global economy is weak and export growth is difficult, there is still potential to be tapped, and research needs to be subdivided and supported.

5. The "three-funded" enterprises continued to slump. From January to June, the growth rate of production and sales was only 5.23% and 4.65%, which was 12 percentage points lower than the growth of the whole industry. The profit growth rate was negative so far, and the loss-making enterprises exceeded 30%. In the first half of this year alone, the proportion of production and sales in the entire industry fell by 3% after falling for four consecutive years. The downturn of "three types of funds" has become an important reason why the whole industry can hardly return to a 20% year-on-year increase.

Expected for the whole year: If there are no major macroeconomic fluctuations, the major economic indicators of the instrumentation industry this year can reach the target expected at the beginning of the year:

1. The expected growth rate of production and sales is 15% year-on-year, and is expected to reach 18%;

2. The profit is expected to increase by 13% year-on-year, with certain difficulties, and is expected to be lower than 13%;

3. The year-on-year increase in imports maintained a one-digit low growth, around 5%;

The year-on-year increase in exports can still reach double-digit growth, at around 18%; the import and export deficit is still huge, reaching more than US$15 billion, but it is slightly lower than the US$17.3 billion of the previous year.