Electrical industry is expected to increase by 20% throughout the year

Since the beginning of this year, the electrician industry has gradually shaken off the influence of the international financial crisis and showed a momentum of steady growth and recovery. The latest information shows that the economic trend of the industry is better than expected at the beginning of the year, and it is expected to achieve a 20% increase in the whole year.

"V" shape reversal is strong. This year, the electrical industry showed a trend of strong upward after the "V" shape reversal. In particular, the production and sales indicators continued to grow, with an increase of more than 30% in the first half of the year. The economic operation presented many bright spots: Production and sales continued to recover at the end of last year; exports, value of imports, exports, and total imports and exports changed last year's slump and contraction; gross profit indicators achieved super-growth; industry Over 80% of the key statistical monitoring products increased year-on-year.

First, production and sales have increased substantially, and production and sales have been well connected. As of the end of June, the total industrial output value had reached 1651.445 billion yuan, an increase of 30.03% year-on-year; and the industrial sales value had reached 1,602.836 billion yuan, an increase of 31.40% year-on-year, an increase of 23.08 and 26.21 percentage points from the same period of last year. The cumulative product sales rate was 97.06%, an increase of 1.09 percentage points compared with 95.97% in the same period of last year. This year, the cumulative production and sales rate has remained above 96%.

Second, the growth rate of the output value of new products has increased significantly. Since the beginning of this year, the cumulative increase in the output value of new products has been higher than the same period of last year. In the first half of the year, the output value of new products reached 233.332 billion yuan, an increase of 25.99% year-on-year, an increase of 10.08 percentage points over the same period in 2009. The rapid growth of new products reflects the achievements made by the electrical industry in recent years in adhering to technological progress and product innovation, and providing guarantees for the industry to realize the added value of products and economic benefits, as well as the transformation of development methods.

Third, foreign trade business showed a recovery growth. In the first half of the year, total imports and exports of electrical products were US$54.704 billion, an increase of 34.63% over the same period of the previous year; of which imports were US$24.445 billion, up 29.87% year-on-year; exports were US$32.259 billion, up 38.16% year-on-year; trade surpluses reached US$9.814 billion, up year-on-year. 61.79% increase. From the perspective of the increase in these indicators, we have not only escaped the “negative growth” that has plagued the industry in the previous year, and caused the industry to become passive “negative growth,” and achieved “positive growth”, regardless of the total volume of imports and exports, imports, exports, and exports. The value of goods or the trade surplus have all surpassed the same period in 2008, the highest year before the financial crisis.

Fourth, the total profit has grown by a very large amount. The positive growth in the gross profit of this year has a sharp contrast with the negative growth in the same period of last year. As of the end of May, the total profits of the industry totaled 69.951 billion yuan, an increase of 46.66% year-on-year. At the same time, the loss of the industry's loss amounted to 23%, and the loss was reduced by 7.12%.

Fifth, output of power generation equipment increased year-on-year. According to the latest statistics from the China Electric Association, as the key statistics and monitoring of 21 major products, including power generation, transmission and transformation equipment, and wire and cable, electric motors and other basic electrical products, there are currently 17 kinds of product output growth. In particular, turbine generators in power generation equipment changed the negative growth situation since 2009, achieving a year-on-year growth of 9.00%; wind turbines continued to maintain a rapid growth of more than 30%.

Estimated annual growth rate of 20%

In the second half of this year, the economic situation of the electrical industry remained steady and rising. The country’s macroeconomic situation provided favorable conditions for the development of the electrical industry.

At present, the growth rate of major economic indicators such as production, sales, profits, and import and export trade in the electrical industry is better than expected at the beginning of the year, and it is expected to achieve about 20% growth throughout the year. It is expected that the output of power generation equipment will still exceed 100 million kilowatts this year; the output of basic electrical products such as wire and cable, electric motors, and insulation materials will increase by about 25%; the output of transformers will remain flat or slightly lower than last year.

The good development momentum of the electrician industry is based on the country's improved macroeconomic situation, and the huge demand for electric power construction has driven the rapid development of the entire industry.

Strong demand for power supply construction. In the first four years of the “Eleventh Five-Year Plan” period, China’s installed capacity of power generation equipment increased rapidly from 520 million kilowatts in 2005 to 870 million kilowatts in 2009, an average annual increase of 13.7%. The strong demand for power generation equipment from power construction has led to a substantial increase in the output of power generation equipment. At present, orders for the "three major power" power generation equipment companies of Harbin Electric Power Group, Shanghai Electric Power Generation Group and Dongfang Electric Group are full, and the accumulated amount of orders (ie, orders in hand) in the first half of the year increased by 23.10% year-on-year.

Power grid construction has achieved remarkable results. After basically completing the national power grid construction project with a 500 kV ultra high pressure as the backbone grid, China is vigorously developing UHV power transmission and transformation technologies. It is worth noting that in the face of the new trend of smart grid, the development of the world's power grid, the country has increased the development and construction of smart grids to the strategic level. All these factors have provided broad space and sufficient momentum for the development of the electrician industry.

The gradual increase in export demand will further stimulate the recovery of electrical products exports. With the recovery of the world economy, the demand of international products for China's products (in terms of value, nearly 60% of which are electromechanical products) is also gradually growing. Therefore, it will be a great advantage for the electrical and electronics industry, which accounts for nearly 20% of total exports and sales.

Although the development of the electrician industry faces many favorable factors, there are also excess production capacity of low-end and high-end products; some companies lack independent intellectual property rights and independent brands, and rely on processing trade and OEM for many years to maintain their livelihoods. These problems restrict the healthy development of the industry. The realization of "innovation-driven, endogenous development" as soon as possible will become the fundamental way for the rapid and sustainable development of the electric industry in China.