NEWS CENTER

The total profit of China's valve industry in the first half of the year reached 127.6 billion yuan.


Release time:

Sep 27,2011

Abstract: With the progress and development of science and technology, the speed of social and economic development continues to improve, the competition in various industries is becoming increasingly fierce, China's valve industry after decades of development, in product research and development, performance, quality, reliability, service and other aspects have made great progress. It is now developing in the direction of high automation, intelligence, multi-function, high efficiency and low consumption, and has become a necessary part of the production process in many industries. According to data released by the China Valve Industry Federation a few days ago, in the first half of 2011, the industrial added value of 13 sub-industries of the national valve industry increased rapidly by double digits. Engineering valves,

Abstract: With the progress and development of science and technology, the speed of social and economic development continues to improve, the competition in various industries is becoming increasingly fierce, China's valve industry after decades of development, in product research and development, performance, quality, reliability, service and other aspects have made great progress. It is now developing in the direction of high automation, intelligence, multi-function, high efficiency and low consumption, and has become a necessary part of the production process in many industries.

China Valve Industry Federation recently released data show that in the first half of 2011, the national valve industry 13 sub-sectors of industrial added value all to double-digit rapid growth, engineering valves, heavy mining valves, the fastest growth. The chemical industry and the electrical industry, which account for a large proportion of the total, contributed nearly 59% to the growth of the whole industry.

According to the data, the first half of the country's valve industry economic efficiency index was 169.55, an increase of about 20 percentage points over the same period last year, the main business income margin of 5.33, an increase of 0.49 percentage points. The government's policy to revitalize the equipment manufacturing industry, strong market demand, and enhanced industry investment capacity are all reasons for the high growth.

Since 2011, the product structure of the machinery industry valves has been further optimized, the pace of technological innovation has accelerated, and the export situation has continued to improve. Data show that in the first half of the year, China's machinery industry earned 65.2 billion US dollars in foreign exchange, an increase of 36.15 percent over the same period last year, and the accumulated trade deficit was 1 billion US dollars, a decrease of about 2.6 billion US dollars over the same period last year.

Industry experts said that the trade growth mode of China's machinery industry valves has been improved, the proportion of general trade exports with higher added value has increased, and the import and export products have been gradually upgraded. High value-added products such as automobiles, CNC machine tools and power generation equipment have become the highlights of export products.