From industry data covering the first four months of this year, the machinery sector has shown a sustained positive trend in both production and sales. Notably, the agricultural machinery, construction, and automotive industries have experienced a strong recovery in output. The growth in harvesting equipment and refining and chemical machinery has been particularly impressive.
Production and sales have continued to rise rapidly. From January to April, the total industrial output value for the entire machinery sector reached 1.454836 trillion yuan, marking a year-on-year increase of 28.46%. Meanwhile, total sales value amounted to 1.496466 trillion yuan, up by 28.72% compared to the same period last year. This strong growth is partly due to a low base from the previous year, which was affected by macroeconomic adjustments. Compared to the same period last year, the growth rates of production and sales increased by 10.45 and 10.56 percentage points respectively.
The construction machinery and other sectors have seen a significant rebound. The construction machinery industry recorded a 36.40% year-on-year increase in output, while agricultural machinery rose by 33.17%, and the auto industry by 31.54%. The heavy mining and machine tool industries also saw growth of 30.07%, and the electrical and electronics and instrumentation sectors grew by 29.69% and 29.30% respectively. Among these, construction, agricultural, and automotive sectors showed the fastest growth, with increases of 47.01% and 28.03% over the same period last year.
New product development has also accelerated. The output value of new products in the machinery industry reached 300.769 billion yuan, up 31.80% year-on-year—3.34 percentage points higher than the overall industrial output growth. Regionally, the eastern and western regions both outperformed the overall growth rate, with the western region showing an even faster pace, rising 3.91 and 15.03 percentage points more than the eastern and central regions respectively.
However, the growth in export delivery values has slowed month by month. The total export delivery value for the machinery industry stood at 235.953 billion yuan, up 22.31% year-on-year. Yet, the monthly growth rate declined consistently from January to April.
The sales rate for machinery products remained slightly lower than the national average. At 96.75%, it was just 0.6 percentage points below the national industrial sales rate of 97.35%. Some sectors, like cultural office equipment, automobiles, and general-purpose parts, had high sales rates, while others, such as instrumentation and internal combustion engines, lagged behind.
Most major products saw increased output. Out of 95 key products, 79 showed year-on-year growth. Harvesting machinery, on-field working machinery, and large and medium-sized tractors saw significant gains, with harvesting machinery up 94.80%, on-field machinery up 42.48%, and tractors up 60.49%.
In construction machinery, only cement equipment saw a decline, while forklifts, excavators, and concrete machinery all recorded healthy growth. Petrochemical equipment and paper machinery also saw substantial increases, with growth rates of 157.47% and 75.99% respectively.
Power equipment manufacturing continued its rapid expansion. Power generation equipment production reached 29.751 million kilowatts, up 23.20% year-on-year. Although the cumulative growth remained steady, the monthly growth rate dipped slightly, with a 5% year-on-year decrease in April.
Automobile production grew by 31.79% year-on-year, down 4.51 percentage points from the previous month. Passenger cars saw the highest growth at 62.41%, followed by road passenger cars at 20.22%, while trucks increased by 4.35%. Sedans continued to show strong momentum.
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