Demand for construction machinery products has obvious "signs of cooling down"

Statistics from the China Federation of Machinery Industry show that in the first 10 months of this year, the production and sales of the electrical and electronics industry continued to grow at a rate of about 40%, and the profit also increased by 48.6% year-on-year. Electrical appliances industry has become the fastest growing sub-sector in the machinery industry. As the current situation of China's power supply has not been eased, the gradual solution to the power supply shortage has become the focus of national economic construction, which has led to the rapid development of the electrical industry as a whole.

In the first 10 months, the output of power generation equipment products increased by 102.67% year-on-year. Among them, hydro-generators increased by 108.58% year-on-year; turbo-generators increased by 101.24% year-on-year; in addition, output of power station boilers, power station turbines, power station turbines, alternating-current motors, transformers, and power cable communication cables all exceeded the full-year level last year. , Which led to the overall growth of electrical appliances industry products. In the first 10 months, cumulative orders from key electrical companies in the electrical and electronics industry increased by 55.9%. Orders for power generation equipment and related auxiliary products grew the most year-on-year, such as Harbin Steam Turbine Works (259.5%), Harbin Electric Machinery Works (137.7%), and Nanjing Steamships. Motor Company Limited (115.8%), Hangzhou Boiler Group Co., Ltd. (167.8%) and other companies.

However, with the rapid growth of the electrical and electronic appliances industry, the output of some major products in the automotive and construction machinery industries has fallen significantly.

In the first 10 months of this year, the automotive industry realized a total profit of 65.024 billion yuan, a growth rate of only 1.65%, an increase of 12.03% from the first half. In particular, the profit of auto vehicle manufacturing industry decreased by a large margin compared with the same period of last year, with a year-on-year increase of -10.59% and a profit reduction of 4.464 billion yuan over the same period of last year. In terms of vehicle models, except for the increase in the output of trucks last month, the rest of the models have declined to varying degrees from last month. The increase in the growth rate of sedan production is the largest, which is the cumulative decrease from the previous month. For the construction machinery industry, "Blowout" is moving towards a correction. In October this year, the profit increased by -18.64% year-on-year. Demand for construction machinery products has shown signs of cooling, and many products have been slow-moving in recent months. Among the four types of engineering machinery products that were counted, there were three kinds of products falling in the current month. Among them, the major declines are in shovel transportation machinery, concrete machinery and compaction machinery. However, from the rate of decline, it is slightly slower than the previous month.