According to the data released by the latest National Bureau of Statistics on industrial economic benefits, in the first five months of this year, the profits of industrial enterprises above designated size were 850.2 billion yuan, a year-on-year decrease of 22.9%, a decrease of 14.4 percentage points from January to February. The profits of general equipment manufacturing industry, special equipment manufacturing industry, transportation equipment manufacturing industry, electrical machinery and equipment manufacturing industry and instrumentation manufacturing industry in the sub-sectors of the machinery industry decreased by 4.23%, 0.86%, 7.31%, 2.80%, and 11.1% year-on-year, respectively. . The decline in profits of the five major sub-industries in January and February 2009 was 4.43%, 13.4%, 40.4%, 15.97%, and 24.42%, respectively. Compared with January-February, the YoY decline in profits of the machinery sub-industries narrowed, and the magnitude was larger, mainly due to the recovery of downstream demand in the industry, and high-cost raw material inventories were basically consumed.
At present, the export situation of the machinery industry is still not improved, but driven by investment in fixed assets and domestic downstream demand, the industrial production situation and profitability are gradually improving. Some sub-sectors and products have a better production and sales situation, including agricultural machinery, heavy machinery equipment, electrical equipment, construction machinery and other sub-sectors. Generally speaking, they are at the forefront of the manufacturing industry. It is expected that the industry will be in a trend of low and high prices in 2009. The market performance of the mechanical sector in the later period is still worth looking forward to, maintaining the machinery industry's "overweight" rating.