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 “There are three unexpected developments in the development of steam flow meters in 2012,†said Gu Jiacheng, a special advisor to the China Instrument Industry Association, who told the China Industry News reporter a few days ago that “the pick-up has been slower than expected, profits have risen faster than expected, and local companies have become more resilient than expected. â€
At the Fourth Session of the Fifth Board of Directors (Expanding) Meeting held recently by the Instrumentation Industry Association, Yan Jiacheng analyzed the operation and development trend of the industry in 2012. “Since 2003, the industry can be said to have conducted a high-low temperature test,†said Jia Jiacheng jokingly. “With the rapid growth of the industry and the fact that foreign companies are building factories everywhere to enter the Chinese market, local companies have not lost; When the growth rate has dropped, the demand has changed drastically, and the profit growth has been drastically increased, the recovery of local companies is better than foreign companies."
Going out of the valley and recovering steadily
In 2012, the increase in production and sales of the instrumentation industry in China fell sharply again, but it has already reached a low point and achieved a steady recovery. Jia Jiacheng explained that since 2008, the year-on-year growth in the industry's production and sales has dropped by about 10 percentage points for two consecutive years. By 2012, the growth in production and sales has dropped to 8.8% and 9.1% respectively. “After the historical lows from January to February 2012, the industry began to gradually recover. Before October, the average monthly increase was less than 0.5%, and the increase was accelerated in November and December. The monthly production value reached a record high at the end of the year, and the production and sales reached 44.1 billion yuan and 44.3 billion yuan." Yu Jiacheng told reporters that this indicates that the situation in 2012 will be better.
However, in the entire equipment manufacturing industry, the recovery of the instrumentation industry is lower than the average, lower than the automotive, agricultural machinery, construction machinery and electrical, heavy machinery and other industries. “This is inseparable with the industry characteristics,†said Jia Jiacheng, who said that the rigid demand products in the instrument industry accounted for a low proportion, and that due to the short product production cycle, the demand for recovery has a certain lag. “For example, the complexity of DCS is at least moderately high in the industry, but its production cycle is also only one quarter, not to mention other products.†Compared to automobiles, agricultural machinery and other industries, policy measures have also benefited the instrument industry. Relatively low. And the proportion of foreign-funded enterprises in the industry is high, and the proportion of steam flow meters exports is large. “Funded by the financial crisis, foreign-funded enterprises bear the brunt of this.†Yan Jiacheng revealed that the production and sales of foreign-funded enterprises have fallen from 45% of the industry to 33% in 2012. “Their economic strength and technology are stronger than those of local companies. Originally they expected the affordability of local enterprises to be low, but in fact, the operation of foreign-funded enterprises is more difficult than that of local companies.†In addition, some companies’ development and innovation capabilities are not strong. The low level of adaptation to economic adjustments is also a major internal cause of weaker trends. However, it is worth mentioning that in 2012, the industry's total output value exceeded 400 billion yuan for the first time. “Although the industry’s production and sales growth in 2012 was less than double digits for the first time since this century, the industry has maintained a The growth rate of '100 million yuan,' said Jia Jiacheng.
Large increase in profits and decline in V-shaped reversal
“In 2012, the profit growth of the industry can be said to be 'big rise' and 'recession', showing a V-shaped reversal, which is faster than the production and sales.†“The profit dropped by a low 13.7% in February. It can be said that since the reform and opening up, However, in the second half of the year, the reversal was achieved and the share of loss-making companies dropped significantly, and the profit growth of the industry in November reached 13.1%.†This is mainly due to the decline in the price of production factors or their growth rate, and many companies have taken effective and timely revenue increases. Savings and strengthening of management measures, and technological progress, structural adjustments, and the industrialization and scale of some enterprises have achieved certain results.
At the same time, industry imports rebounded and exports continued to hover at low levels. “Although the export tax rebate rate has been adjusted several times, the impact on the instrument industry is not obvious. The main reason is the weak demand in the international market and the low recovery of exports. In terms of imports, steam flow meters, testing machines, analytical instruments, and test instruments will reach 2012. At the end of the year, positive growth has already begun; on exports, other than medical instruments and surveying and mapping equipment, the others are still negatively growing."