Since the beginning of this year, the state has further increased the subsidies for the purchase of agricultural machinery, and the annual central government subsidy funds have reached 15.5 billion yuan. According to the Ministry of Agriculture, subsidies for the purchase of agricultural machinery have been implemented well this year. As of October 31, subsidies for purchase of agricultural machinery have been fully implemented. Combining with the data provided by the statistics meeting of the machinery industry tractor industry, the tractor market this year has shown a steady and steady development trend with the following characteristics: Production and sales maintain a steady growth According to statistical data provided by the statistics of the tractor industry, from January to October of this year Twenty-four enterprises in the tractor industry achieved a total industrial output value of 58.96 billion yuan, an increase of 9.4% year-on-year, and a sales value of 59.08 billion yuan, a year-on-year increase of 10.3%. The ratio of production to sales exceeded 100%. From January to September, the operating income of the tractor industry was 57.88 billion yuan, a year-on-year increase of 6.4%. It should be noted that this is based on the growth of nearly 20% in 2009 and continued to maintain steady growth.
From the perspective of major tractor products, the output of large and medium-sized tractors from January to October was 280,096 units, an increase of 8.57% year-on-year, and continued to maintain steady growth after increasing by 30% in 2009; the output of hand-held tractors was 702,158 units, a year-on-year increase of 19.1%; The production volume of four-wheel tractors was 261,642 units, a year-on-year decrease of 7.65%.
This year, the two major characteristics of the market in China and China are very obvious:
First, this year's large and medium-sized tractor market has shown a trend of high Kaiping. According to industry statistics, in the first quarter of this year, as enterprises were optimistic about the sales of the agricultural machinery market and started production at full capacity, the output of the industry's large and medium-sized trailers grew by as much as 55% in the first quarter. However, after April, enterprises began to digest inventory according to market conditions, and production growth was increased. It also went down month by month, and by the end of October, the increase was just over 8%.
The second is the large increase in tractors with 90 horsepower and above. According to industry statistics, products below 90 hp produced 217,387 units this year, a slight drop from the same period of last year, while products with 90 hp and above produced 62,709 units, an increase of 61.5% over the same period of last year. The proportion of total medium and large toweds increased from 15.1% in the same period of last year. This year's 22.4%, it can be seen that this year's 90 horsepower and above products thrive.
A slight improvement in business efficiency Since 2010, the general trend of steel prices has been relatively stable, and business sales have increased, especially the increase in large and medium-sized tractors, so that the efficiency of the tractor industry has improved. According to the statistics of the tractor industry, the total profit from January to September was 2.36 billion yuan, a slight increase of 4.3% year-on-year. From the perspective of enterprises, 18 of the 24 companies in the statistical statistics of the tractor industry have realized profits. In the case of growth or loss reduction, only six companies achieved a drop in profits or an increase in losses.
Although most of the companies' profits are in the red, the profit rate of the tractor industry is still low. According to statistics, under the premise of multiple positives and sales growth, the operating profit margin of the tractor industry from January to September was only 4.1%, compared with 4.2% in the same period of 2009, a year-on-year decrease; from the agricultural machinery industry and central enterprises The comparison of the benefits of the automotive industry is also at a lower level. According to CCTV, from January to August this year, the central enterprises achieved a total sales income of 1,057.32 billion yuan, an increase of 40.4% year-on-year, and a profit of 723.55 billion yuan in the same period, a year-on-year increase of 50%. It can be calculated that the profit rate of sales revenue of central enterprises this year is 6.84%, compared with 6.41% in the same period of last year. The gap between the agricultural machinery industry and the automotive industry is also relatively large. According to Tencent Financial, the pre-tax profit rate of key enterprises in the auto industry in 2009 was above 8%. It can be seen that the profit rate of the tractor industry is very different from that of the automobile industry and the central enterprises. It needs to be explained that the tractor industry has always enjoyed The national 13% VAT preferential policy, otherwise the profit rate of the tractor industry will also decline.
Withdrawing funds from the statistics of the industry to accelerate the view, the end of September the industry's receivables was 7.2 billion, an increase of 18.4% compared with the same period last year. At the end of April, the figure was 8.31 billion yuan, an increase of 34.5% year-on-year. At the end of June, the figure was 7.45 billion yuan, an increase of 31.9% year-on-year. Both the total amount of funds receivable and the year-on-year growth rate showed that although the amount of subsidies granted by the state this year was as high as 15.5 billion yuan this year, under the coordination of government departments at all levels, the return of funds for subsidized agricultural machinery purchase products is better, from the industry. The half-year interest expenditure situation is also lower than the same period last year.
Exports show a picking up trend From the statistical data, the export value of the tractor industry from January to October this year was 3.43 billion yuan, a year-on-year increase of 17.1%. According to statistics, 12 of the 18 export-oriented enterprises in the industry have achieved growth, and only 6 have declined. From the perspective of the export of tractors, large and medium-sized tractors exported 16,823 sets, an increase of 21.7%; hand-held tractors exported 98,912 sets, an increase of 78.9%; and small-wheeled tractors exported 4,800 sets, an increase of 30.1% over the same period.
In summary, the author expects that with the increase in grain prices in the fourth quarter and the increase in farmers’ income, farmers’ enthusiasm for investing in agricultural machinery will be further increased. With the initial allocation of funds, some provinces may release their plans in advance to operate. Tractor sales in the fourth quarter will also be optimistic.
From the perspective of major tractor products, the output of large and medium-sized tractors from January to October was 280,096 units, an increase of 8.57% year-on-year, and continued to maintain steady growth after increasing by 30% in 2009; the output of hand-held tractors was 702,158 units, a year-on-year increase of 19.1%; The production volume of four-wheel tractors was 261,642 units, a year-on-year decrease of 7.65%.
This year, the two major characteristics of the market in China and China are very obvious:
First, this year's large and medium-sized tractor market has shown a trend of high Kaiping. According to industry statistics, in the first quarter of this year, as enterprises were optimistic about the sales of the agricultural machinery market and started production at full capacity, the output of the industry's large and medium-sized trailers grew by as much as 55% in the first quarter. However, after April, enterprises began to digest inventory according to market conditions, and production growth was increased. It also went down month by month, and by the end of October, the increase was just over 8%.
The second is the large increase in tractors with 90 horsepower and above. According to industry statistics, products below 90 hp produced 217,387 units this year, a slight drop from the same period of last year, while products with 90 hp and above produced 62,709 units, an increase of 61.5% over the same period of last year. The proportion of total medium and large toweds increased from 15.1% in the same period of last year. This year's 22.4%, it can be seen that this year's 90 horsepower and above products thrive.
A slight improvement in business efficiency Since 2010, the general trend of steel prices has been relatively stable, and business sales have increased, especially the increase in large and medium-sized tractors, so that the efficiency of the tractor industry has improved. According to the statistics of the tractor industry, the total profit from January to September was 2.36 billion yuan, a slight increase of 4.3% year-on-year. From the perspective of enterprises, 18 of the 24 companies in the statistical statistics of the tractor industry have realized profits. In the case of growth or loss reduction, only six companies achieved a drop in profits or an increase in losses.
Although most of the companies' profits are in the red, the profit rate of the tractor industry is still low. According to statistics, under the premise of multiple positives and sales growth, the operating profit margin of the tractor industry from January to September was only 4.1%, compared with 4.2% in the same period of 2009, a year-on-year decrease; from the agricultural machinery industry and central enterprises The comparison of the benefits of the automotive industry is also at a lower level. According to CCTV, from January to August this year, the central enterprises achieved a total sales income of 1,057.32 billion yuan, an increase of 40.4% year-on-year, and a profit of 723.55 billion yuan in the same period, a year-on-year increase of 50%. It can be calculated that the profit rate of sales revenue of central enterprises this year is 6.84%, compared with 6.41% in the same period of last year. The gap between the agricultural machinery industry and the automotive industry is also relatively large. According to Tencent Financial, the pre-tax profit rate of key enterprises in the auto industry in 2009 was above 8%. It can be seen that the profit rate of the tractor industry is very different from that of the automobile industry and the central enterprises. It needs to be explained that the tractor industry has always enjoyed The national 13% VAT preferential policy, otherwise the profit rate of the tractor industry will also decline.
Withdrawing funds from the statistics of the industry to accelerate the view, the end of September the industry's receivables was 7.2 billion, an increase of 18.4% compared with the same period last year. At the end of April, the figure was 8.31 billion yuan, an increase of 34.5% year-on-year. At the end of June, the figure was 7.45 billion yuan, an increase of 31.9% year-on-year. Both the total amount of funds receivable and the year-on-year growth rate showed that although the amount of subsidies granted by the state this year was as high as 15.5 billion yuan this year, under the coordination of government departments at all levels, the return of funds for subsidized agricultural machinery purchase products is better, from the industry. The half-year interest expenditure situation is also lower than the same period last year.
Exports show a picking up trend From the statistical data, the export value of the tractor industry from January to October this year was 3.43 billion yuan, a year-on-year increase of 17.1%. According to statistics, 12 of the 18 export-oriented enterprises in the industry have achieved growth, and only 6 have declined. From the perspective of the export of tractors, large and medium-sized tractors exported 16,823 sets, an increase of 21.7%; hand-held tractors exported 98,912 sets, an increase of 78.9%; and small-wheeled tractors exported 4,800 sets, an increase of 30.1% over the same period.
In summary, the author expects that with the increase in grain prices in the fourth quarter and the increase in farmers’ income, farmers’ enthusiasm for investing in agricultural machinery will be further increased. With the initial allocation of funds, some provinces may release their plans in advance to operate. Tractor sales in the fourth quarter will also be optimistic.
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