cable news: a new opportunity for power equipment manufacturing industry in china-非凡电子娱乐

with a new round of electricity reform, "chinese manufacturing 2025" strategy and "the belt and road" strategy to promote further, electric power equipment manufacturing industry in china will usher in a new round of development opportunities.

the last century since 80s, especially in 2002 after china's electricity reform, continue to increase investment of electric power industry, electric power equipment manufacturing industry has also obtained rapid development, industry size and operating income increased rapidly, but the excess capacity, the decline in exports, investment fell and other issues are also increasingly prominent.

since 2007, the proportion of operating income of electric power equipment manufacturing industry in the sales revenue of the industry has shown a "rising - falling - rising" wave shape. from 2007 to 2012, the proportion of operating income in electric power equipment manufacturing industry sales income in 2012 increased slowly and reached a maximum value of 5.16% in recent years; from 2012 to 2013, the proportion of operating income in electric power equipment manufacturing industry sales revenue fell sharply, down to 0.38% in 2013, the proportion fell to 4.77%; from 2013 to 2015, the proportion of electric power equipment manufacturing industry sales revenue in the income and showing a slight upward trend, in 2015 the proportion rose to 5.07%, an increase of 0.21 percentage points.

horizontally, in 2015, the proportion of the total revenue of the power equipment manufacturing industry accounted for 24.37% of the total share of the machinery industry, second only to the automotive industry, ranking the second in the top 31.94%.

since twenty-first century, china's power equipment manufacturing industry to achieve the rapid development of industry, scale and operational efficiency have greatly improved, but the development of quality and the operating efficiency is lower than expected, key equipment and core components still rely on imports of high-end equipment, power capacity is insufficient, the low-end exacerbate overcapacity.

"13th five-year" period, with a new round of electricity reform, "chinese manufacturing 2025" strategy and "the belt and road" strategy to promote further, electric power equipment manufacturing industry in china will usher in a new round of development opportunities.

present situation of power equipment manufacturing industry in china

since 2015, china's power equipment manufacturing industry is facing a more complex development environment, on the one hand, the domestic gdp growth continued to slow down the growth rate of industrial added value, the demand for electricity equipment to pick up a larger constraint. on the other hand, the international financial system in the shock ahead, the rmb exchange rate volatility intensified, but also further increased the risk of exchange rate of import and export of power equipment manufacturing enterprises. from 2015 to 2016, china's power equipment manufacturing industry showed four main characteristics:

from the point of view of production scale, the main power equipment production has declined, the development of various sub sectors of electric power equipment manufacturing differences. specifically, in 2015, 124 million 409 thousand and 200 kilowatts of power generation equipment production, growth from 9.16% in 2014 fell sharply to -13.77%; power cable production is 55 billion 818 million meters, the growth rate decreased rapidly from 8.87% in 2014 to -1.95%; the output of ac motor is 282 million 581 thousand kw, the growth rate down 10.53 percentage points; the transformer output grew 0.26, an increase of growth%.

after entering in 2016, the sub industry production has a more obvious differentiation trend. subject to the downstream power generation industry overcapacity, downstream demand for power generation equipment, especially thermal power equipment to further slow down, production continued to grow. ac motors, for example, due to the limited space for growth in demand, the annual output is expected to fall to about 4%. with the acceleration of the uhv power grid and distribution network construction, power grid construction investment to maintain rapid growth, the main driving power transmission equipment demand, expected annual yield of transformer and power cable production will be increased by 1% and 2% respectively.

from the point of view of fixed asset investment, to increase production capacity, power equipment manufacturing investment in fixed asset investment continued to fall. in 2015, affected by the weak downstream demand and reduce the price of the equipment, the production of power equipment investment will is weak, coupled with the national policy capacity to further promote the industry led to a sharp decline in private investment, industry investment growth fell significantly, total annual investment in fixed assets of 997 billion 178 million yuan, an increase of 9.40%, the growth rate down 4.35 percentage points. after entering 2016, the rapid development of clean energy, smart grid, and started the transformation, uhv project, boosting demand for related products, and promote industry investment in fixed assets continue to grow. but overall, the industry overcapacity dilemma and the downstream demand for most products in the short term is difficult to have substantial improvement, investment growth will continue to decline. industry investment is expected to increase to 10800 yuan in 2016, an increase of about 8%.

from the point of view of operating efficiency, with the continuous upgrading of value-added products, promote the steady growth of total profit growth of power equipment manufacturing industry. in 2015, to jointly promote the upstream raw material prices decline and enhance the added value of the products, the overall industry profitability has improved, total profit growth rate 1.43 percentage points higher than in 2014, the main business income margin increased by 0.34 percentage points. after entering in 2016, with the main production enterprises to further demonstrate the effect of cost control, industry profit is expected to maintain growth momentum. total annual profit is expected to reach 400 billion yuan, the growth rate of up to 13%.

from the point of view of foreign trade, the scale of import and export of power equipment manufacturing industry has been reduced in the short term is difficult to improve. specifically, in 2015, china's power equipment localization rate continued to increase, the import substitution effect is further enhanced, the growth rate of imports decreased from 1.73% in 2014 to -10.75%; as a result of the global economic recovery is weak, continued weakness in external demand