The expert committee of China Machine Tool Association held a meeting to review the economic operation of the machinery industry in 2020 and forecast the economic operation in 2021. Mao Yufeng, executive vice president of China Machine Tool Industry Association, attended the meeting and delivered a speech.
Cai Weici, special advisor and deputy director of the expert committee of the China Federation of aircraft, presided over the meeting. The meeting was attended by representatives of 11 associations, including electrical appliances, automobiles, engineering machinery, agricultural machinery, heavy machinery, machine tools, general machinery, internal combustion engine, instruments and meters, petroleum and petrochemical equipment, general parts and components, as well as staff members of industry development department and Statistics Department of China Federation of machine tools, and Shan Xiqiang, director of information and Statistics Department of Machine Tools Association.
According to the Statistics Department of China Federation of mechanical industry, from January to November 2020, the growth rate of added value of machinery industry increased by 5.5% year-on-year, 3.2 and 2.6 percentage points higher than that of national industry and manufacturing industry. In November, the growth value of machinery industry increased by 11.1% year-on-year, 5.9 and 5.5 percentage points higher than that of national industry and manufacturing industry. From January to November 2020, the operating revenue of the machinery industry will reach 17.7 trillion yuan, an increase of 2.86% over the same period of last year; the accumulated total profit will reach 1.13 trillion yuan, an increase of 10.22% over the same period of last year. In addition, the export of machinery products turned from negative to positive from January to November.
At the meeting, the associations introduced the economic operation in 2020 and predicted the economic operation in 2021. The associations generally reflected that with the effectiveness of the national anti epidemic policy and the gradual effectiveness of various policies to support the real economy, the market situation and the operation of the industry have improved significantly month by month, and most industries are expected to grow in varying degrees throughout the year, with an increase rate of less than 10%. It is predicted that the production and sales volume of the automobile industry will decrease by about 2% year on year, but it has maintained a monthly year-on-year growth for eight consecutive months since April, with a strong recovery momentum. The annual growth of construction machinery industry may reach 14%.
Mao Yufeng, executive vice president, introduced the situation of machine tool industry and expounded his views on the development of the industry. From the statistical data, from January to October 2020, the industry's operating revenue is still slightly lower than that of the same period last year, but the total profit has achieved double-digit growth, and the trend is obvious. It is estimated that in 2020, the operating revenue will be basically the same as that of the same period last year, and the total profit is expected to grow greatly. It is expected that the main economic indicators will grow by no less than 5% in 2021. From the recent understanding of the enterprise situation of the machine tool association, the feeling of the industry enterprises on the operation situation is better than that reflected by the statistical data, especially the operation situation of private enterprises is relatively optimistic. In the past 10 years, the machine tool industry has experienced transformation and upgrading, pattern evolution, survival resilience and development foundation enhancement, and has changed from low-end advantage to mid end competition and high-end breakthrough in the market. In the next 10-15 years, the machine tool industry may usher in a new development window.