China in the first half of the valve industry in profits

China's economic growth of 10.9% in the background, the China Valve in the first half of the total profit of 127.6 billion yuan, an increase of nearly 44%, the high growth for history rare.

China valve industry federation 3,, according to data released by the kingdom in the first half of the valve industry 13 branch line of business alue added of industry with all the double-digit growth, engineering valve, heavy mine countries growing fastest valve. In a larger share of the total amount of chemical industry, electronic industry to the industry the contribution rate of growth of close to 59%.

According to the data, the first half of countries economic benefit composite index valve industry for 169.55% more than the same period last year, by about 20%, advocate business wu income profit margin for 5.33, up 0.49%.

China valve industry association, vice President of the development of the equipment manufacturing industry, the government said the policy, strong market demand, industry investment ability enhancement is the cause of the high growth.

He said, since this year, mechanical industrial valve products structure was further optimized, pace of technological innovation, speed up the export situation to continue up well. Data shows, the first half of the China machinery industry export 65.2 billion us dollars, up 36.15%, the total trade deficit of $1 billion, up $2.6 billion reduction.

CaiWeiCi said China machinery industry valve trade growth mode has been improved, added alue of higher proportion of general trade export, import and export products increased gradually upgrade, car, nc machine tools, power generation equipment high alue-added products has become a highlight of export products.

At the same time, fixed asset investment growth of conduct pipe, rising prices of raw materials are too fast for mechanical industry development brings potential influence.

The data shows, the first half of the total mechanical industry investment in the fixed assets 223.553 billion yuan, a year-on-year increase of 52.89%. "The growth rate is unprecedented." CaiWeiCi said.

He thinks, too fast investment growth not only make the Hydrant Valve enterprise his own prospects, and will aggravate the industry as the contradiction of the excess capacity, may make good situation turning.

In addition, by international market prices, domestic demand, the influence of copper, aluminum, high quality special steel and other raw materials, supplies, high prices. CaiWeiCi said, the raw material prices have too fast to backbone cable and other enterprise all the kui, which seriously restrict the normal operation of mechanical industry.

He reminded, the Hydrant Valve industry should have macro tight control of the strain, the second half of the growth rate for month after month is expected to fall, but the annual production, marketing, alue added of industry, total profit, export growth still can be amounted to 20%.