On January 15th, the 2019 China Machine Federation and government departments work symposium was held in Beijing. Wang Ruixiang, chairman of the China Machinery Industry Federation, pointed out in his report on the brief situation of the economic operation of the machinery industry in 2018 that in 2018, under the complicated internal and external environment, the economic operation of the machinery industry was generally within a reasonable range, but the stability was slow and stable. There has been a decline, and the growth rate has fallen from the previous month. The main indicators need attention. From the overall situation, first, the growth rate of added value increased month by month in the first half of the year, and slowed down month by month in the second half of the year. From January to November 2018, the growth rate of the added value of the machinery industry slowed down month by month from 8.4% in August, and the year-on-year growth fell to 6.6%, which was higher than the growth rate of the national industrial added value. The annual growth rate is expected to be around 6.5%. Second, the output of major products increased year-on-year, but the types of year-on-year growth continued to decrease. Among the 120 main products monitored by the machinery industry from January to November 2018, 62 products had a year-on-year increase in output, accounting for 51.67%, and 58 products had a year-on-year decline in output, accounting for 48.34%. The third is that economic efficiency has maintained growth, but the growth rate has fallen. From January to November 2018, the machinery industry achieved 19.73 trillion yuan in main business revenue, an increase of 7.11% year-on-year; the total profit achieved was 1.31 trillion yuan, an increase of 2.27% year-on-year. Compared with the same period of the previous year, it dropped by 2.4 and 8.37 percentage points, respectively, which was lower than the 2.01 and 9.58 percentage points of the national industry in the same period. Fourth, the main sub-sectors are clearly differentiated, and the decline in automobiles is relatively large. From January to November 2018, the auto industry realized a total profit of 555.83 billion yuan, a year-on-year decrease of 5.87%, a decrease of 11.9 percentage points from the same period of the previous year (6.04%), accounting for 42.39% of machinery industry profits, a year-on-year decrease of 3.67 percentage points. The non-auto industry realized a total profit of 755.395 billion yuan, an increase of 9.22% year-on-year, which was 6.95 percentage points higher than the industry average. Among them, the construction machinery, petrochemical general-purpose, general-purpose parts, machine tools, and internal combustion engine industries achieved double-digit growth. The profit of the construction machinery industry increased by 56.27% year-on-year. The robot and intelligent manufacturing, automobile, and agricultural machinery industries declined year-on-year. Fifth, the price index rebounded slowly, and the economic operation indicators were lower than the same period last year. In November 2018, the machinery industry price index rose slightly by 0.3% year-on-year. The profit margin of costs and expenses was 7.1%, a year-on-year decrease of 0.36 percentage points; the profit rate of main business income was 6.65%, a year-on-year decrease of 0.31 percentage points; the profit rate of total assets was 6.35%, a year-on-year decrease of 0. 43 percentage points. Sixth, the downturn in fixed asset investment has improved, but it is still worthy of attention. From January to November 2018, the investment growth rates of general equipment manufacturing, special equipment manufacturing, automobile manufacturing, electrical machinery and equipment manufacturing in the machinery industry were 9.5%, 16.8%, 3.3%, and 13.1%, respectively. Except for the automobile manufacturing industry, the investment growth rates were both 9.5%, 16.8%, 3.3%, and 13.1%. Higher than the investment growth rate of the whole society (5.9%) in the same period. Seventh, foreign trade maintains growth, but there are uncertainties. According to customs statistics, from January to November 2018, exports of machinery and equipment were US$392.085 billion, a year-on-year increase of 13.7%; exports of transportation vehicles were US$108.391 billion, a year-on-year increase of 13.7%; exports of instruments and meters were US$65.112 billion, a year-on-year increase of 2%. From January to November 2018, the import of machinery and equipment was US$186.923 billion, a year-on-year increase of 21.7%; the import of transportation vehicles was US$105.459 billion, a year-on-year increase of 10.1%; the import of instruments and meters was US$94.522 billion, a year-on-year increase of 7.1%. In the context of rising Sino-US trade frictions, there is still a certain degree of uncertainty. Talking about problems, Wang Ruixiang pointed out that first, the market demand faced by the machinery industry in 2018 is still sluggish, and the growth rate of some products has slowed down. From January to October, cumulative orders dropped by 2.72% year-on-year, especially in the electrical and electronic industries generally reporting increased pressure. The second is the high cost pressure and the difficulty in benefit improvement. From January to November, the main business cost of the machinery industry increased by 7.44% year-on-year, which was higher than the growth rate of main business revenue and total profit during the same period. In 2018, the total profit of the machinery industry grew at a low rate, and the profit rate of main business income was 6.65%, which was 0.31 percentage points lower than the same period of the previous year; third, the total amount of accounts receivable was large, it was difficult to recover, and the operation efficiency was reduced. From January to November, the total accounts receivable of the machinery industry reached 4.93 trillion yuan, a year-on-year increase of 8.75%, accounting for 33.56% of the total current assets of the industry and one-third of the total industrial accounts receivable in the country. The current asset turnover rate was 1.53%, a decrease of 0.04 percentage points year-on-year, and the average asset-liability ratio was 56.4%. Based on the above situation, Wang Ruixiang judged that the growth rate of the added value of the machinery industry and main business income in 2018 was about 7%, the profit increased by about 2%, and the import and export trade increased moderately. It is preliminarily expected that the main indicators of the machinery industry for the whole year of 2019: industrial added value, main business income at about 6.5%, profit growth at about 5%, and a moderate increase in import and export trade. The difficulty of realization will be greater than in 2018. About 5%, profit growth is about 5%, and import and export trade grows moderately. The difficulty of realization will be greater than in 2018. About 5%, profit growth is about 5%, and import and export trade grows moderately. The difficulty of realization will be greater than in 2018. Except for the automobile manufacturing industry, 8%, 3.3% and 13.1% are all higher than the investment growth rate of the whole society (5.9%) in the same period. Seventh, foreign trade has maintained growth, but there are uncertainties. According to customs statistics, from January to November 2018, exports of machinery and equipment were US$392.085 billion, a year-on-year increase of 13.7%; exports of transportation vehicles were US$108.391 billion, a year-on-year increase of 13.7%; exports of instruments and meters were US$65.112 billion, a year-on-year increase of 2%. From January to November 2018, imports of machinery and equipment were US$186.923 billion, a year-on-year increase of 21.7%; imports of transportation vehicles were US$105.459 billion, a year-on-year increase of 10.1%; imports of instrumentation were US$94.522 billion, a year-on-year increase of 7.1%. In the context of rising Sino-US trade frictions, there is still a certain degree of uncertainty. Talking about problems, Wang Ruixiang pointed out that first, the market demand faced by the machinery industry in 2018 is still sluggish, and the growth rate of some products has slowed down. From January to October, cumulative orders dropped by 2.72% year-on-year, especially in the electrical and electronic industries generally reporting increased pressure. The second is the high cost pressure and the difficulty in benefit improvement. From January to November, the main business cost of the machinery industry increased by 7.44% year-on-year, which was higher than the growth rate of main business revenue and total profit during the same period. In 2018, the total profit of the machinery industry grew at a low rate, and the profit rate of main business income was 6.65%, which was 0.31 percentage points lower than the same period of the previous year; third, the total amount of accounts receivable was large, it was difficult to recover, and the operation efficiency was reduced. From January to November, the total accounts receivable of the machinery industry reached 4.93 trillion yuan, a year-on-year increase of 8.75%, accounting for 33.56% of the total current assets of the industry and one-third of the total industrial accounts receivable in the country. The current asset turnover rate was 1.53%, a decrease of 0.04 percentage points year-on-year, and the average asset-liability ratio was 56.4%. Based on the above situation, Wang Ruixiang judged that the growth rate of the added value of the machinery industry and main business income in 2018 was about 7%, the profit increased by about 2%, and the import and export trade increased moderately. It is preliminarily expected that the main indicators of the machinery industry for the whole year of 2019: industrial added value, main business income at about 6.5%, profit growth at about 5%, and a moderate increase in import and export trade. The difficulty of realization will be greater than in 2018. Except for the automobile manufacturing industry, 8%, 3.3% and 13.1% are all higher than the investment growth rate of the whole society (5.9%) in the same period. Seventh, foreign trade maintains growth, but there are uncertainties. According to customs statistics, from January to November 2018, the export of machinery and equipment was US$392.085 billion, a year-on-year increase of 13.7%; the export of transportation vehicles was US$108.391 billion, a year-on-year increase of 13.7%; the export of instrumentation was US$65.112 billion, a year-on-year increase of 2%. From January to November 2018, the import of machinery and equipment was US$186.923 billion, a year-on-year increase of 21.7%; the import of transportation vehicles was US$105.459 billion, a year-on-year increase of 10.1%; the import of instruments and meters was US$94.522 billion, a year-on-year increase of 7.1%. In the context of rising Sino-US trade frictions, there is still a certain degree of uncertainty. Talking about problems, Wang Ruixiang pointed out that first, the market demand faced by the machinery industry in 2018 is still sluggish, and the growth rate of some products has slowed down. From January to October, cumulative orders dropped by 2.72% year-on-year, especially in the electrical and electronic industries generally reporting increased pressure. The second is the high cost pressure and the difficulty in benefit improvement. From January to November, the main business cost of the machinery industry increased by 7.44% year-on-year, which was higher than the growth rate of main business revenue and total profit during the same period. In 2018, the total profit of the machinery industry grew at a low rate, and the profit rate of main business income was 6.65%, which was 0.31 percentage points lower than the same period of the previous year; third, the total amount of accounts receivable was large, it was difficult to recover, and the operation efficiency was reduced. From January to November, the total accounts receivable of the machinery industry reached 4.93 trillion yuan, a year-on-year increase of 8.75%, accounting for 33.56% of the total current assets of the industry and one-third of the total industrial accounts receivable in the country. The current asset turnover rate was 1.53%, a decrease of 0.04 percentage points year-on-year, and the average asset-liability ratio was 56.4%. Based on the above situation, Wang Ruixiang judged that the growth rate of the added value of the machinery industry and main business income in 2018 was about 7%, the profit increased by about 2%, and the import and export trade increased moderately. It is preliminarily expected that the main indicators of the machinery industry for the whole year of 2019: industrial added value, main business income at about 6.5%, profit growth at about 5%, and a moderate increase in import and export trade. The difficulty of realization will be greater than in 2018. 7%; The export of instruments and meters was US$65.112 billion, a year-on-year increase of 2%. From January to November 2018, the import of machinery and equipment was US$186.923 billion, a year-on-year increase of 21.7%; the import of transportation vehicles was US$105.459 billion, a year-on-year increase of 10.1%; the import of instruments and meters was US$94.522 billion, a year-on-year increase of 7.1%. In the context of rising Sino-US trade frictions, there is still a certain degree of uncertainty. Talking about problems, Wang Ruixiang pointed out that first, the market demand faced by the machinery industry in 2018 is still sluggish, and the growth rate of some products has slowed down. From January to October, cumulative orders dropped by 2.72% year-on-year, especially in the electrical and electronic industries generally reporting increased pressure. The second is the high cost pressure and the difficulty in benefit improvement. From January to November, the main business cost of the machinery industry increased by 7.44% year-on-year, which was higher than the growth rate of main business revenue and total profit during the same period. In 2018, the total profit of the machinery industry grew at a low rate, and the profit rate of main business income was 6.65%, which was 0.31 percentage points lower than the same period of the previous year; third, the total amount of accounts receivable was large, it was difficult to recover, and the operation efficiency was reduced. From January to November, the total accounts receivable of the machinery industry reached 4.93 trillion yuan, a year-on-year increase of 8.75%, accounting for 33.56% of the total current assets of the industry and one-third of the total industrial accounts receivable in the country. The current asset turnover rate was 1.53%, a decrease of 0.04 percentage points year-on-year, and the average asset-liability ratio was 56.4%. Based on the above situation, Wang Ruixiang judged that the growth rate of the added value of the machinery industry and main business income in 2018 was about 7%, the profit increased by about 2%, and the import and export trade increased moderately. It is preliminarily expected that the main indicators of the machinery industry for the whole year of 2019: industrial added value, main business income at about 6.5%, profit growth at about 5%, and a moderate increase in import and export trade. The difficulty of realization will be greater than in 2018. 7%; The export of instruments and meters was US$65.112 billion, a year-on-year increase of 2%. From January to November 2018, the import of machinery and equipment was US$186.923 billion, a year-on-year increase of 21.7%; the import of transportation vehicles was US$105.459 billion, a year-on-year increase of 10.1%; the import of instruments and meters was US$94.522 billion, a year-on-year increase of 7.1%. In the context of rising Sino-US trade frictions, there is still a certain degree of uncertainty. Talking about problems, Wang Ruixiang pointed out that first, the market demand faced by the machinery industry in 2018 is still sluggish, and the growth rate of some products has slowed down. From January to October, cumulative orders dropped by 2.72% year-on-year, especially in the electrical and electronic industries generally reporting increased pressure. The second is the high cost pressure and the difficulty in benefit improvement. From January to November, the main business cost of the machinery industry increased by 7.44% year-on-year, which was higher than the growth rate of main business revenue and total profit during the same period. In 2018, the total profit of the machinery industry grew at a low rate, and the profit rate of main business income was 6.65%, which was 0.31 percentage points lower than the same period of the previous year; third, the total amount of accounts receivable was large, it was difficult to recover, and the operation efficiency was reduced. From January to November, the total accounts receivable of the machinery industry reached 4.93 trillion yuan, a year-on-year increase of 8.75%, accounting for 33.56% of the total current assets of the industry and one-third of the total industrial accounts receivable in the country. The current asset turnover rate was 1.53%, a decrease of 0.04 percentage points year-on-year, and the average asset-liability ratio was 56.4%. Based on the above situation, Wang Ruixiang judged that the growth rate of the added value of the machinery industry and main business income in 2018 was about 7%, the profit increased by about 2%, and the import and export trade increased moderately. It is preliminarily expected that the main indicators of the machinery industry for the whole year of 2019: industrial added value, main business income at about 6.5%, profit growth at about 5%, and a moderate increase in import and export trade. The difficulty of realization will be greater than in 2018. 72%, especially in the electrical and electronic industries, generally report increasing pressure. The second is the high cost pressure and the difficulty in benefit improvement. From January to November, the main business cost of the machinery industry increased by 7.44% year-on-year, which was higher than the growth rate of main business revenue and total profit during the same period. In 2018, the total profit of the machinery industry grew at a low rate, and the profit rate of main business income was 6.65%, which was 0.31 percentage points lower than the same period of the previous year; third, the total amount of accounts receivable was large, it was difficult to recover, and the operation efficiency was reduced. From January to November, the total accounts receivable of the machinery industry reached 4.93 trillion yuan, a year-on-year increase of 8.75%, accounting for 33.56% of the total current assets of the industry and one-third of the total industrial accounts receivable in the country. The current asset turnover rate was 1.53%, a decrease of 0.04 percentage points year-on-year, and the average asset-liability ratio was 56.4%. Based on the above situation, Wang Ruixiang judged that the growth rate of the added value of the machinery industry and main business income in 2018 was about 7%, the profit increased by about 2%, and the import and export trade increased moderately. It is preliminarily expected that the main indicators of the machinery industry for the whole year of 2019: industrial added value, main business income at about 6.5%, profit growth at about 5%, and a moderate increase in import and export trade. The difficulty of realization will be greater than in 2018. 72%, especially in the electrical and electronic industries, generally report increasing pressure. The second is the high cost pressure and the difficulty in benefit improvement. From January to November, the main business cost of the machinery industry increased by 7.44% year-on-year, which was higher than the growth rate of main business revenue and total profit during the same period. In 2018, the total profit of the machinery industry grew at a low rate, and the profit rate of main business income was 6.65%, which was 0.31 percentage points lower than the same period of the previous year; third, the total amount of accounts receivable was large, it was difficult to recover, and the operation efficiency was reduced. From January to November, the total accounts receivable of the machinery industry reached 4.93 trillion yuan, a year-on-year increase of 8.75%, accounting for 33.56% of the total current assets of the industry and one-third of the total industrial accounts receivable in the country. The current asset turnover rate was 1.53%, a decrease of 0.04 percentage points year-on-year, and the average asset-liability ratio was 56.4%. Based on the above situation, Wang Ruixiang judged that the growth rate of the added value of the machinery industry and main business income in 2018 was about 7%, the profit increased by about 2%, and the import and export trade increased moderately. It is preliminarily expected that the main indicators of the machinery industry for the whole year of 2019: industrial added value, main business income at about 6.5%, profit growth at about 5%, and a moderate increase in import and export trade. The difficulty of realization will be greater than in 2018.