China's equipment manufacturing industry sustained and rapid growth of profits

China’s general equipment manufacturing industry January to November, 2006 the accumulated total profit reached 71.774 billion yuan, an increase of 36.38 percent, with growth rates over the previous 10 months fell 1.92 percentage points. Integrated Media February 1 reported that the latest report of the State Information Center, and equipment industry has clearly entered a steady and rapid growth stage, industry growth will continue.

Data show that the machine manufacturing industry in November rate of profit growth is still fast, but the first 10 months compared to the industry profit growth declined slightly. Compared with the same period in 2005, the industry profit growth to continue to have increased significantly. January-November 2006 the accumulated profits of general equipment manufacturing industry amounted to 71.774 billion yuan, an increase of 36.38 percent, with growth rates over the previous 10 months fell 1.92 percentage points; special equipment manufacturing industry total profits of the completion of 38.926 billion yuan, up 49.61% the rate of growth over the previous 10 months dropped by 0.67 percentage points.

Revenue from sales of view, January-November 2006, general equipment manufacturing industry sales income of the completion of 1.17229 trillion yuan, up 29.84 percent, with growth rates over the previous 10 months fell 0.57 percentage points; special equipment manufacturing industry sales income of the completion of accumulated 6673.72 billion yuan, up 29.03 percent, with growth rates over the previous 10 months decreased by 0.6 percentage points.

The report analyzes that casting machinery, lifting equipment, forklifts, valves, paper-making machinery, large and medium tractors and harvesting machinery output grew rapidly. Such as the boiler totaled 366.8 thousand tons, an increase of 13.53 percent growth rate over the previous 10 months fell 2.21 percentage points; CNC machine tool production in total 76500 units, up 30.78 percent growth rate over the previous 10 months increased 1.59 percentage points . Foundry Machinery output growth picked up, the cumulative production growth rate reached 55.33 percent over the previous 10 months increased 4.46 percentage points, lifting equipment and forklift trucks cumulative production growth rate of 44.46%, respectively, and 37.44%, lifting equipment production growth rate than the first 10 months fell 1.09 percentage point.

But from January to November industry sales growth rate remained a steady output growth, the growth rate over the previous 10 months declined slightly; industry, the growth rate of finished products than in the previous 10 months increased. As from January to November general equipment manufacturing industry accumulated industrial sales output value of the completion of 1.206922 trillion yuan, up 29.53 percent, with growth rates over the previous 10 months fell 0.1 percentage point. From January to November total of special equipment manufacturing industrial sales output value of the completion of 673.009 billion yuan, an increase of 29.48%, with growth rates over the previous 10 months decreased by 0.37 percentage points. Therefore concluded that the industry has maintained a rapid growth in sales, production and marketing in the two Wang posture.

The report also from the rapid growth of investment in fixed assets to determine the machine manufacturing industry will continue to maintain a good momentum of development. Data show that from January to November general-purpose equipment manufacturing industry totaled 134.706 billion yuan investment, an increase of 55.6% over the previous 10 months fell by 0.5 percentage points to growth remain rapid. Accumulated investment in special equipment manufacturing industry completed 93.788 billion yuan, up 40.6% over the previous 10 months also increased 1.4 percentage points.