Equipment Manufacturing Drives Industrial Growth in Liaoning

In the first quarter, Liaoning's equipment manufacturing industry maintained a rapid growth in production, and the economic efficiency increased substantially. The sales revenue was 60.96 billion yuan, an increase of 32.6% year-on-year; the profits and taxes were 3.17 billion yuan, an increase of 1.19 billion yuan, an increase of 59.7%; the profit was 11.3. Billion yuan, an increase of 580 million yuan over the same period last year, an increase of 104.5%. The equipment manufacturing industry drove the province’s industrial growth by 4.4 percentage points, and its contribution to industrial growth was 26.3%.

It is understood that in the first quarter, Liaoning's equipment manufacturing industry grew at a faster rate, with output of metal rolling equipment increasing by 47.2% year-on-year; vehicle production increased by 35.6% year-on-year, of which Chinese sedan production grew by 125.3% year-on-year; metal-cutting machine tool production increased by 2.8% year-on-year. Among them, the output of CNC machine tools increased by 37.5% year-on-year.

In the first quarter, Liaoning Brilliance Jinbei Automobile Co., Ltd. continued to place orders for some sedan products, and Shenyang Machine Tool Group's turnover in the overseas market of CNC machine tools hit new highs. In addition, Shenyang Mining Machinery and Equipment Group, Dalian Bingshan Group, Dalian Shipbuilding Heavy Industry Group, TBEA Shenyang Transformer Group, Dalian Machine Tool Group, Shenyang Blower (Group) Co., Ltd. and other equipment manufacturing backbone enterprises have shown a gratifying trend.

As a key area for equipment manufacturing, the Tiexi District of Shenyang City has recently issued the “Opinions on Accelerating the Development of Equipment Manufacturing Industry” involving 18 items including institutional and mechanism innovation and financial support. The district finance will set aside a special fund of 100 million yuan each year. In the form of investment, subsidies, and lending, it supports the technological innovation of enterprises and the construction of key projects. At the same time, relying on 11 institutions of higher learning and research institutes in the district, the Institute of Modern Industry was set up to accelerate the integration of production, learning, and research, and improve the conversion rate of scientific and technological achievements. In addition, the FAW Dachai new plant Deutz engine project with a total investment of 1.5 billion yuan and the Volkswagen FAW engine (Dalian) Co., Ltd. with a total investment of 290 million euros are stepping up construction and will add even more to Liaoning's equipment manufacturing industry after production. The stamina of development.

It is predicted that in the first half of Liaoning, the market demand for heavy equipment, machine tools, automobiles, and electrical appliances in the equipment manufacturing industry will remain relatively large. It is expected that production will continue to grow, and exports will also increase substantially. Affected by the fall in prices of upstream steel products, this year's Liaoning province The efficiency of the equipment manufacturing industry is expected to be better than last year.