With our coverage of eight sub-sector machinery industry in the 58 listed companies focused on a sample of machinery industry in 2009 reported data for analysis.

 Machinery Industry Center Daily News economic profile. First half of 2009, our machinery industry statistics, 58 listed companies achieved a total sales income of 121.3 billion yuan, net profit of 9.05 billion yuan, down 8.9% and 20%.

 Statistics of eight sub-sectors, the top three revenue-scale engineering machinery industry, logistics, machinery industry and railway equipment industry, the three listed companies in the industry sector is the most representative; net income ranks among the top scale Three mechanical engineering, logistics machinery, shipbuilding industry.

 Mechanical comparison of various sub-sectors Center Daily News. Heavy machinery in the first half revenue and net profit growth of 27% and 34%, the best performance, mainly because a long period of heavy machinery orders, boom of the delay; income does not increase profits for the two sub-sectors of railway equipment and ships, although the income However, a substantial decline in net profit growth of 21% and 41%; in addition to other heavy machinery, the smallest decline in net profit in engineering machinery industry, in the first half net profit fell 12%.

 Fluctuations in product mix optimization is the performance of the stabilizer. Data show that in the first half gross margin increased by sub-industry heavy machinery, logistics, machinery and machine tools industry, construction machinery essentially flat year over year gross margin. The main reason is not because the gross margin increased a dramatic decline in prices of raw materials, machinery industry as the economy slipped, product prices following the reduction in raw material prices made a gross profit margin increase is mainly due to product mix changes.

 Machinery industry net profit fell 17%, but 49% sequential increase in a single quarter net profit to rebound sharply.

 Benefit from the recovery in the second quarter of the domestic machinery industry, shipbuilding industry, in addition to export-oriented industries and the logistics machinery fell outside the ring, and the remaining sub-sectors have achieved substantial growth in net profit chain, they are: the machine tool industry (138%), Construction Machinery (135%) , the railway equipment industry (91%).

 Impairment losses / profits increase. Machinery industry in 2009 in the first half impairment losses / profits increased by 2.7 percentage points, mainly because of steel to bring inventory to market prices, you can determine inventory to market a high inventory of raw materials more expensive company in the first half, for example, the set Group prices for steel, the 216 million additional provision for inventory to market, asset impairment losses / profits increased by 15 percentage points.

 Little change in the second quarter inventory. Compared to 08 at the end of the inventory decline is clear that the shipbuilding industry, logistics machinery. First half of the listed companies more cautious approach to inventory, to absorb higher prices of raw materials inventory, accelerating asset turnover based.

 Receivables turnover slightly worse in the same period last year. Machinery industry in 2009 in the first half receivables / income of 48%, compared to nearly 10 percent last year, engineering machinery, machine tools, basic parts and components industry increased significantly, indicating that overall demand in the first half of weak machinery industry, enterprises, increase sales efforts, but the back section lower.

 Solvency of listed companies has not deteriorated, in 2009 the balance machinery industry rate during the first half last year, 63.1% to 60.5%.

I am an expert from China Manufacturers, usually analyzes all kind of industries situation, such as natural wax candles , pink pillar candles.

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