China's valve industry in the first half total profit of 127.6 billion yuan

Abstract: In the context of China's economic growth rate of 10.9%, China's valve industry realized a total profit of RMB 127.6 billion in the first half of the year, a year-on-year increase of nearly 44%. The high growth rate is rare in history. China's valves are developing toward a highly automated, intelligent, multi-functional, high-efficiency, and low-consumption, and have become a must for many industries.

With the advancement and development of science and technology, the pace of socio-economic development continues to increase, and the competition in various industries is also becoming increasingly fierce. After several decades of development in China's valve industry, product development, performance, quality, reliability, service, etc. All aspects have made great progress. Now it is developing towards a highly automated, intelligent, multi-functional, high-efficiency, and low-consumption, and has become a must for many industries.

According to the data released by the China Valve Industry Federation on the 3rd, the industrial value added of the 13 sub-industries of the national valve industry in the first half of the year all grew rapidly in double digits, and the valves of the engineering valves and heavy mining countries grew fastest. The chemical industry and electrical industry, which have a relatively large proportion of the total, contributed nearly 59% of the total industry growth. According to the data, the comprehensive index of the national valve industry's economic efficiency in the first half of the year was 169.55%, which was approximately 20 percentage points higher than the same period of last year. The main business income profit margin was 5.33, a year-on-year increase of 0.49 percentage points. The Vice President of the China Valve Industry Federation said that the government's policy of revitalizing the equipment manufacturing industry, strong market demand, and enhanced industrial investment capacity are all reasons for high growth.

Since the beginning of this year, the product structure of mechanical industrial valves has been further optimized, technological innovation has been accelerated, and the export situation has continued to improve. Data show that in the first half of the year, China's machinery industry earned foreign exchange of 65.2 billion U.S. dollars, an increase of 36.15% year-on-year, and the accumulated trade deficit was 1 billion U.S. dollars, a year-on-year decrease of approximately 2.6 billion U.S. dollars. Cai Weici said that the growth mode of China's machinery industry has improved, the proportion of general trade exports with higher added value has increased, and import and export products have been gradually upgraded. High value-added products such as automobiles, CNC machine tools and power generation equipment have become export products. Highlights.

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