2011 instrument industry profits are expected to increase by 20%

Reading: According to the China Instrument and Meter Association, this year's industry profit growth will be around 20% year-on-year. The association stated that from 2009 to 2010, the main cause of industry profit growth was the scale effect of restorative growth. However, this year, in the economic environment of rising costs and slowing demand growth, most enterprises can still maintain a certain margin of profit growth. This is achieved through technological progress and structural adjustment. It is expected that the industry's main revenue profit margin will exceed 8.5%, which may hit a record high, close to 9%, and maintain its leading position in manufacturing.

Recently, China Instrument and Meter Association released the first half of the industry's economic operating data. In the first half of the year, the overall operation of the instrumentation industry was better than expected. The value of production and sales as well as the profits of the industry all achieved double-digit growth, but the growth rates both slowed down. Due to the sluggish international market, the growth rate of the industry's import and export dropped year-on-year, but the speed of the listing of enterprises accelerated, and mergers and reorganizations achieved certain results.

Experts predict that due to the economic situation at home and abroad, as well as the base number and seasonal factors in the first half of the year, in the second half of the year, the output and sales volume of the instrumentation industry will fluctuate upward.

"According to the influence of the first half of the base and seasonal factors, it is expected that the production and sales of the instrumentation industry will fluctuate upward in the second half of the year, and will gradually decline year-on-year." Industry experts told reporters that in the first half of the year, industry inventories increased year-on-year, which not only indicated that the strong sales of recovery growth in the same period last year had come to an end, but at the same time, the absolute value of inventories did not increase significantly, which also meant that the industry was not overheated and the industry’s needs Production and sales are gradually returning to normal.

Experts said: "If the industry's production and sales value in June hit a high this year, it will gradually fall in July and August, and it may recover slightly in September and October. At the end of the year, there will be no more 'bowtail' as in the previous year. It is expected that the year-on-year increase will drop by about 10%, and it will also be in a normal and stable growth area."

At the same time, in his opinion, since the first half of the year, the industry’s production and sales growth has dropped by 3 percentage points year-on-year, but profit growth has dropped by 18 percentage points year-on-year. Therefore, in the second half of this year, the trend of industry profits falling faster than the year-on-year decline in sales will continue, but the difference between declines will gradually narrow, and the year-on-year increase in profits and production and sales will gradually approach and will become the norm.

According to the China Instrument and Meter Association, this year's industry profit growth will be around 20% year-on-year. The association stated that from 2009 to 2010, the main cause of industry profit growth was the scale effect of restorative growth. However, this year, in the economic environment of rising costs and slowing demand growth, most enterprises can still maintain a certain margin of profit growth. This is achieved through technological progress and structural adjustment. It is expected that the industry's main revenue profit margin will exceed 8.5%, which may hit a record high, close to 9%, and maintain its leading position in manufacturing.

In addition, the association stated that due to the impact of domestic and international economic conditions, it is expected that the industry's growth in imports and exports will gradually slow down in the second half of the year, and the import and export volume will fluctuate in the one-digit area month-on-month, with an increase of around 10% year-on-year. However, with the launch of the "Twelfth Five-Year Plan", especially the implementation of special programs such as environmental protection, food safety, nuclear power, and revitalizing emerging industries, China Instrument and Meter Association expects that the end of this year or early next year, high-end equipment and monitoring and control equipment Imports will further increase, and the annual import and export deficit will exceed 16 billion U.S. dollars.

Finally, the association stated that due to the gradual confirmation of the “Twelfth Five-Year Plan” for various industries, planning, innovation projects, and special projects related to instrumentation will be launched one after another. During the “Twelfth Five-Year Plan” period, the market’s attention and support for high-tech industries such as instrumentation and instrumentation are greater than “Eleventh Five-Year Plan”, which will have a major impact on the scientific and technological progress and structural adjustment of the industry. Therefore, according to the association, since the earliest project will start in the fourth quarter of this year, its substantive role in the development of the industry will start in 2012.