Equipment Manufacturing Drives Industrial Growth in Liaoning
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In the first quarter, Liaoning's equipment manufacturing sector continued to show strong performance, with production volumes rising sharply and overall economic efficiency improving significantly. Sales revenue reached 60.96 billion yuan, marking a year-on-year increase of 32.6%. Profits and taxes totaled 3.17 billion yuan, up by 1.19 billion yuan compared to the same period last year, representing a growth of 59.7%. The sector's profit alone rose by 580 million yuan, a 104.5% increase from the previous year. This robust performance contributed 4.4 percentage points to the province's industrial growth, accounting for 26.3% of the total growth.
Notably, several key segments within the industry experienced impressive growth. Output of metal rolling equipment surged by 47.2%, while vehicle production increased by 35.6%. Among vehicles, domestic sedan production saw an explosive rise of 125.3% year-on-year. Meanwhile, metal-cutting machine tool output grew by 2.8%, with CNC machine tool production climbing by 37.5%.
Several major enterprises in the sector also showed positive momentum. Liaoning Brilliance Jinbei Automobile Co., Ltd. maintained steady orders for certain sedan models, while Shenyang Machine Tool Group reported record-high overseas sales of CNC machines. Other leading companies, including Shenyang Mining Machinery and Equipment Group, Dalian Bingshan Group, Dalian Shipbuilding Heavy Industry Group, TBEA Shenyang Transformer Group, Dalian Machine Tool Group, and Shenyang Blower (Group) Co., Ltd., all demonstrated promising growth trends.
In Shenyang’s Tiexi District, a key hub for equipment manufacturing, the local government recently released the "Opinions on Accelerating the Development of Equipment Manufacturing Industry," outlining 18 initiatives aimed at promoting institutional innovation and financial support. A dedicated fund of 100 million yuan will be allocated annually to support technological upgrades and key projects through investment, subsidies, and loans. In addition, the district has established the Institute of Modern Industry, collaborating with 11 local universities and research institutions to enhance the integration of industry, academia, and research, thereby boosting the commercialization of scientific and technological achievements.
New projects such as the FAW Dachai Deutz engine plant, with a total investment of 1.5 billion yuan, and the Volkswagen FAW Engine (Dalian) Co., Ltd., which received 290 million euros in investment, are currently under construction. Once operational, these projects are expected to further strengthen Liaoning's position in the global equipment manufacturing landscape.
Looking ahead, market demand for heavy machinery, machine tools, automobiles, and electrical equipment is anticipated to remain strong in the first half of the year. Production levels are expected to continue rising, alongside a significant increase in exports. Additionally, the decline in steel prices is likely to improve the profitability of the sector, suggesting that this year's performance may surpass that of the previous year.