Production and sales break through 500 billion instrumentation industry to a new level China's instrumentation industry production and sales exceeded the one hundred billion yuan mark for the first time in 2004, indicating that the development of China's instrumentation industry has entered the fast lane. In 2006, the total output value of the instrumentation industry exceeded 200 billion yuan. In 2009, the performance of the instrumentation industry was even more exciting. The total output value increased by nearly 100 billion yuan a year, and the production and sales doubled by 400 billion yuan, as of 201011. The monthly production and sales value of the instrumentation industry has set a record high of 500 billion in the history of instrumentation development in China.
According to statistical data, the year-on-year growth of production and sales in China's instrumentation industry is the highest in recent years. Ju Jiacheng's analysis believes that the overall operating situation of the whole year is relatively normal, and the impact of the macro-control by the whole industry is not obvious. However, it is worth noting that, from the point of view of the overall industry profits, although the increase rate is still higher than last year, but because foreign-funded enterprises account for nearly half of the total number of enterprises in the industry, and the profit growth of foreign-funded enterprises is much higher than the industry average, so from Looking at the declining trend of profit growth, Chinese-funded enterprises are more obvious than foreign-funded enterprises.
The overall operating situation is steady. Jia Jiacheng pointed out that although the overall technical level of China's instrumentation industry is not as strong as that of developed countries, the market share of some products in foreign countries has continued to expand in recent years.
According to statistics, the export value of China's instrumentation industry for the year increased by 39.2% year-on-year, and the export value exceeded one quarter of the total output value. He pointed out that these data show that the rapid growth of the entire industry is more obvious from the export pull, but at the same time, the impact of changes in the international market on the industry is also increasing. He reminded companies not only to pay attention to the domestic market, but also to pay attention to changes in the international market.
The localization of large-scale engineering control systems has been broken through. The application of high-tech products such as DCS in domestic large-scale engineering projects is a major aspect of the instrumentation industry in 2010.
As an old expert in the instrumentation industry, Yan Jiacheng is very proud of this. He said that in recent years, China's large-scale engineering projects have made outstanding progress in the localization of host equipment, and the localization of large-scale automated control systems that have been relying on imports in the past has achieved breakthroughs and will effectively break foreign companies against me. Monopolization of the project control system.
In addition, technically speaking, the subcritical, supercritical, and even ultra-supercritical host devices have significant technological gradients. In particular, the supercritical and ultra-supercritical transition processes are very fast. Therefore, the control system technology and reliability requirements Very high, therefore, the promotion of independent innovation of complex control systems is conducive to the integrity and independence of large-scale electric power, petrochemical major equipment and its core technologies.
He also stated that since large-scale engineering projects often involve industrial safety issues, on the one hand, encouraging instrument and meter companies to increase their efforts in independent research and development to produce and manufacture products with independent intellectual property rights, on the other hand, users should be encouraged to promote more. application.
The strategy shift of foreign-funded enterprises is in the instrumentation industry. The value of production and sales of foreign-funded enterprises accounts for about 45% of the entire industry. Therefore, their trends have a greater impact on the development of the entire industry. Ruan Jiacheng analyzed the adjustment of foreign-funded enterprises' strategy in China.
First, the large-scale investment and construction boom has passed, turning to the transformation and supplement of the original facilities, improving product quality and technology depth, and expanding production and efficiency. Yan Jiacheng analysis pointed out that in recent years, as the rising trend of local companies has become more apparent, the competitive landscape has changed, so foreign-funded enterprises have begun to improve their grades and depth, and maintain efficiency to cope with competition.
Second, the transfer of investment in the production of foreign-funded enterprises in China declined. With the increase in domestic production costs, foreign-funded enterprises have changed their investment methods in China, and some of them have switched from investing in factories to commissioning production in OEM mode. Despite this, the transfer production in China is still rising, and the product structure is also expanding from low-end to mid-range products.
In addition, Ruan Jiacheng also analyzed that some powerful foreign giants had signs of “difficulty and slowness†in the merger of key players and key companies in China, and their current mergers and acquisitions focused on production and service companies with operational strength and integration capabilities. And marketing outlets.
Domestic instrumentation achieves a transition from low to high due to technological gaps and access difficulties, our country's automated control systems and field instrumentation have now formed low to medium-end products based on domestic companies, high-end and mid-range products dominated by foreign-funded enterprises; large and medium-sized Projects rely on foreign countries, and medium and small-sized construction projects use the domestic market structure. In a sense, it can be said that automatic control systems and key test instruments are becoming bottlenecks in the modernization of China's equipment. Therefore, the development of major engineering automation control systems and key precision testing instruments to meet the needs of highly automated and intelligent key construction projects and other major (complete) technology and equipment is to implement the "State Council's opinions on accelerating the revitalization of equipment manufacturing industry." The important part is of great significance.
Relations with national economic security Jia Jiacheng pointed out that the importance of self-control systems and key test instruments is demonstrated first. Without the localization of control systems and key test instruments, it is impossible to master and develop the core technologies of major equipment autonomously and completely.
Measurement and automation control technology is one of the core technologies of modern industry. Automatic control systems and key test instruments are important components of major equipment. Energy, heavy chemical and other industries are the pillar industries of the industrial economy. The major equipment for large-scale electric power, petrochemical, and metallurgical enterprises is the integration of multiple technologies and numerous devices. The automatic control system and test equipment monitor and control the entire process flow and product quality, ensure safe and reliable operation of major equipment, and implement efficient optimization. This is the nerve center, operation center, and safety barrier of the entire equipment. Without corresponding measurement and control equipment, large-scale, high-parameter, and complicated modern industrial equipment will not be able to operate.
The process parameters, technical characteristics, and Know-how patents of the modern process industry are mostly implemented by the main equipment and the hardware and software of the measurement and control equipment. In order to develop key technology and equipment core technologies, foreign well-known assembly companies that have mastered core technologies have formed strategic alliances with first-rate equipment and control companies and signed confidentiality agreements. "In a sense, it can be said that the development of major project automation control system is related to the country's economic security." Yan Jiacheng said.
Yan Jiacheng pointed out that the importance of self-control systems and key test instruments is demonstrated by the fact that automatic control systems and instrumentation are indispensable for building a resource-conserving, environment-friendly society and developing a circular economy.
Automatic control systems and instrumentation are important means for energy conservation, environmental protection, and circular economy. Whether it is the rational use of resources or the protection of the environment, the most important issue is the measurement problem. Without measurement, control of production costs and quality assurance, there is no basis for energy conservation and environmental governance. This involves all areas of the national economy. For example, in the process of industrial production, the testing of raw materials, component performance, testing, and confirmation of the quality of finished products all require various types of test instruments and meters; soil analysis, seed and crop quality analysis in agricultural production; and large-scale rivers in environmental protection projects. The monitoring of pollution and pollution sources also increasingly rely on sophisticated testing equipment.
The value-added of instrumentation reaches more than 15% The instrumentation industry is affected by various factors, especially the seasonal influence. The growth of the industry in the second half of the year is much greater than that in the first half of the year, and there is a good prospect for growth.
Since the high operating data in the first half of the year has laid a good foundation for the whole year, according to the current operating conditions of the majority of key enterprises, although the demand is slowing, but the rate of decline is not large, it is expected that the year-on-year increase in production and sales and profits will gradually decline, but all year round. The increase in production and sales will be around 15%, and the profit growth will be higher than 15%.
Jia Jiacheng stated that according to historical statistical analysis, if September's data is higher than the high point of the middle of the year, then the monthly growth rate in the fourth quarter could be expected to reach a high growth rate of more than 25% for the whole year; if the data for September is close to the mid-year high Point, then in the fourth quarter, the monthly chain will fluctuate upwards. The annual increase will be above 15% or 20%. If the September data is much smaller than the mid-year high, then the fourth quarter will have a weaker chain growth, and the year-end monthly sales will be lower than the year. The mid-high point of the weak state, the annual increase will also be reduced to below 13%, and the impact of its situation will also be extended to the first half of 2011.
The profit of sales of instrumentation and instrumentation has increased significantly. According to Yan Jiacheng, “Although the year-on-year growth of the industry's profits in the second half of the year will continue to fall due to the base number, the profit growth of the entire industry will remain good and the average monthly profit will continue to rise. The increase in profit for the whole year will still be higher than the growth in production and sales. The profit rate of main income will exceed 7.5%."
First, foreign-funded enterprises have already bottomed out. "Three-funded" enterprises are large profit holders in the instrumentation industry. Although their profits increased by -2.68% year-on-year in 2008, the first negative profit growth since the reform and opening up took place, and the increase in 2009 was only 1.3%. It was flat, but in the first half of 2010, its growth rate has risen sharply and exceeded 100%.
Secondly, although the demand will be levelled off in the second half of the year, the effectiveness of technological progress, economies of scale, and enhanced management will continue. For example, the output value of new products in 2008 and 2009 increased by 11.5% and 7.5% respectively. In the first half of 2010, the increase has increased to 43.46%, and the proportion of new products has reached 16.04%; from January to May 2010, the industry The increase in production and sales reached 30%, but the increase in product inventory was only 7.31%. The balance of liquidity, accounts receivable, liabilities, management fees, and financial expenses were all lower than the increase in sales. In the second half of the year, the above data will turn flat, but it will not rise quickly and lead to a substantial drop in profits. In addition, there is little pressure to increase costs. There was a rise in raw materials and components at the beginning of the year, but it has slowed down in the middle of the year, and it is expected that there will be little chance for another rise in the second half.
In 2010 and beyond, the situation of China's instrumentation market will be greatly changed compared with previous years. The main performance is that with the continuous promotion of national policies such as energy saving, emission reduction, and low-carbon economy, the traditional market demand will be reduced, while wind power, nuclear power, smart grid, rail transportation and other industries will produce instrumentation products. New large demand.
The world is developing, and instrumentation is also developing. The speed of development affects the enterprises in the industry. Through the dynamic analysis of the economic development of instrumentation by industry experts, the development of instrumentation is still bright.
According to statistical data, the year-on-year growth of production and sales in China's instrumentation industry is the highest in recent years. Ju Jiacheng's analysis believes that the overall operating situation of the whole year is relatively normal, and the impact of the macro-control by the whole industry is not obvious. However, it is worth noting that, from the point of view of the overall industry profits, although the increase rate is still higher than last year, but because foreign-funded enterprises account for nearly half of the total number of enterprises in the industry, and the profit growth of foreign-funded enterprises is much higher than the industry average, so from Looking at the declining trend of profit growth, Chinese-funded enterprises are more obvious than foreign-funded enterprises.
The overall operating situation is steady. Jia Jiacheng pointed out that although the overall technical level of China's instrumentation industry is not as strong as that of developed countries, the market share of some products in foreign countries has continued to expand in recent years.
According to statistics, the export value of China's instrumentation industry for the year increased by 39.2% year-on-year, and the export value exceeded one quarter of the total output value. He pointed out that these data show that the rapid growth of the entire industry is more obvious from the export pull, but at the same time, the impact of changes in the international market on the industry is also increasing. He reminded companies not only to pay attention to the domestic market, but also to pay attention to changes in the international market.
The localization of large-scale engineering control systems has been broken through. The application of high-tech products such as DCS in domestic large-scale engineering projects is a major aspect of the instrumentation industry in 2010.
As an old expert in the instrumentation industry, Yan Jiacheng is very proud of this. He said that in recent years, China's large-scale engineering projects have made outstanding progress in the localization of host equipment, and the localization of large-scale automated control systems that have been relying on imports in the past has achieved breakthroughs and will effectively break foreign companies against me. Monopolization of the project control system.
In addition, technically speaking, the subcritical, supercritical, and even ultra-supercritical host devices have significant technological gradients. In particular, the supercritical and ultra-supercritical transition processes are very fast. Therefore, the control system technology and reliability requirements Very high, therefore, the promotion of independent innovation of complex control systems is conducive to the integrity and independence of large-scale electric power, petrochemical major equipment and its core technologies.
He also stated that since large-scale engineering projects often involve industrial safety issues, on the one hand, encouraging instrument and meter companies to increase their efforts in independent research and development to produce and manufacture products with independent intellectual property rights, on the other hand, users should be encouraged to promote more. application.
The strategy shift of foreign-funded enterprises is in the instrumentation industry. The value of production and sales of foreign-funded enterprises accounts for about 45% of the entire industry. Therefore, their trends have a greater impact on the development of the entire industry. Ruan Jiacheng analyzed the adjustment of foreign-funded enterprises' strategy in China.
First, the large-scale investment and construction boom has passed, turning to the transformation and supplement of the original facilities, improving product quality and technology depth, and expanding production and efficiency. Yan Jiacheng analysis pointed out that in recent years, as the rising trend of local companies has become more apparent, the competitive landscape has changed, so foreign-funded enterprises have begun to improve their grades and depth, and maintain efficiency to cope with competition.
Second, the transfer of investment in the production of foreign-funded enterprises in China declined. With the increase in domestic production costs, foreign-funded enterprises have changed their investment methods in China, and some of them have switched from investing in factories to commissioning production in OEM mode. Despite this, the transfer production in China is still rising, and the product structure is also expanding from low-end to mid-range products.
In addition, Ruan Jiacheng also analyzed that some powerful foreign giants had signs of “difficulty and slowness†in the merger of key players and key companies in China, and their current mergers and acquisitions focused on production and service companies with operational strength and integration capabilities. And marketing outlets.
Domestic instrumentation achieves a transition from low to high due to technological gaps and access difficulties, our country's automated control systems and field instrumentation have now formed low to medium-end products based on domestic companies, high-end and mid-range products dominated by foreign-funded enterprises; large and medium-sized Projects rely on foreign countries, and medium and small-sized construction projects use the domestic market structure. In a sense, it can be said that automatic control systems and key test instruments are becoming bottlenecks in the modernization of China's equipment. Therefore, the development of major engineering automation control systems and key precision testing instruments to meet the needs of highly automated and intelligent key construction projects and other major (complete) technology and equipment is to implement the "State Council's opinions on accelerating the revitalization of equipment manufacturing industry." The important part is of great significance.
Relations with national economic security Jia Jiacheng pointed out that the importance of self-control systems and key test instruments is demonstrated first. Without the localization of control systems and key test instruments, it is impossible to master and develop the core technologies of major equipment autonomously and completely.
Measurement and automation control technology is one of the core technologies of modern industry. Automatic control systems and key test instruments are important components of major equipment. Energy, heavy chemical and other industries are the pillar industries of the industrial economy. The major equipment for large-scale electric power, petrochemical, and metallurgical enterprises is the integration of multiple technologies and numerous devices. The automatic control system and test equipment monitor and control the entire process flow and product quality, ensure safe and reliable operation of major equipment, and implement efficient optimization. This is the nerve center, operation center, and safety barrier of the entire equipment. Without corresponding measurement and control equipment, large-scale, high-parameter, and complicated modern industrial equipment will not be able to operate.
The process parameters, technical characteristics, and Know-how patents of the modern process industry are mostly implemented by the main equipment and the hardware and software of the measurement and control equipment. In order to develop key technology and equipment core technologies, foreign well-known assembly companies that have mastered core technologies have formed strategic alliances with first-rate equipment and control companies and signed confidentiality agreements. "In a sense, it can be said that the development of major project automation control system is related to the country's economic security." Yan Jiacheng said.
Yan Jiacheng pointed out that the importance of self-control systems and key test instruments is demonstrated by the fact that automatic control systems and instrumentation are indispensable for building a resource-conserving, environment-friendly society and developing a circular economy.
Automatic control systems and instrumentation are important means for energy conservation, environmental protection, and circular economy. Whether it is the rational use of resources or the protection of the environment, the most important issue is the measurement problem. Without measurement, control of production costs and quality assurance, there is no basis for energy conservation and environmental governance. This involves all areas of the national economy. For example, in the process of industrial production, the testing of raw materials, component performance, testing, and confirmation of the quality of finished products all require various types of test instruments and meters; soil analysis, seed and crop quality analysis in agricultural production; and large-scale rivers in environmental protection projects. The monitoring of pollution and pollution sources also increasingly rely on sophisticated testing equipment.
The value-added of instrumentation reaches more than 15% The instrumentation industry is affected by various factors, especially the seasonal influence. The growth of the industry in the second half of the year is much greater than that in the first half of the year, and there is a good prospect for growth.
Since the high operating data in the first half of the year has laid a good foundation for the whole year, according to the current operating conditions of the majority of key enterprises, although the demand is slowing, but the rate of decline is not large, it is expected that the year-on-year increase in production and sales and profits will gradually decline, but all year round. The increase in production and sales will be around 15%, and the profit growth will be higher than 15%.
Jia Jiacheng stated that according to historical statistical analysis, if September's data is higher than the high point of the middle of the year, then the monthly growth rate in the fourth quarter could be expected to reach a high growth rate of more than 25% for the whole year; if the data for September is close to the mid-year high Point, then in the fourth quarter, the monthly chain will fluctuate upwards. The annual increase will be above 15% or 20%. If the September data is much smaller than the mid-year high, then the fourth quarter will have a weaker chain growth, and the year-end monthly sales will be lower than the year. The mid-high point of the weak state, the annual increase will also be reduced to below 13%, and the impact of its situation will also be extended to the first half of 2011.
The profit of sales of instrumentation and instrumentation has increased significantly. According to Yan Jiacheng, “Although the year-on-year growth of the industry's profits in the second half of the year will continue to fall due to the base number, the profit growth of the entire industry will remain good and the average monthly profit will continue to rise. The increase in profit for the whole year will still be higher than the growth in production and sales. The profit rate of main income will exceed 7.5%."
First, foreign-funded enterprises have already bottomed out. "Three-funded" enterprises are large profit holders in the instrumentation industry. Although their profits increased by -2.68% year-on-year in 2008, the first negative profit growth since the reform and opening up took place, and the increase in 2009 was only 1.3%. It was flat, but in the first half of 2010, its growth rate has risen sharply and exceeded 100%.
Secondly, although the demand will be levelled off in the second half of the year, the effectiveness of technological progress, economies of scale, and enhanced management will continue. For example, the output value of new products in 2008 and 2009 increased by 11.5% and 7.5% respectively. In the first half of 2010, the increase has increased to 43.46%, and the proportion of new products has reached 16.04%; from January to May 2010, the industry The increase in production and sales reached 30%, but the increase in product inventory was only 7.31%. The balance of liquidity, accounts receivable, liabilities, management fees, and financial expenses were all lower than the increase in sales. In the second half of the year, the above data will turn flat, but it will not rise quickly and lead to a substantial drop in profits. In addition, there is little pressure to increase costs. There was a rise in raw materials and components at the beginning of the year, but it has slowed down in the middle of the year, and it is expected that there will be little chance for another rise in the second half.
In 2010 and beyond, the situation of China's instrumentation market will be greatly changed compared with previous years. The main performance is that with the continuous promotion of national policies such as energy saving, emission reduction, and low-carbon economy, the traditional market demand will be reduced, while wind power, nuclear power, smart grid, rail transportation and other industries will produce instrumentation products. New large demand.
The world is developing, and instrumentation is also developing. The speed of development affects the enterprises in the industry. Through the dynamic analysis of the economic development of instrumentation by industry experts, the development of instrumentation is still bright.