Himfr Forecasts Machine Tool Industry in 2010

Jan 13, 2010, 10:30 ET from Himfr.com

BEIJING, Jan. 13 /PRNewswire-Asia/ -- Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, forecasts the machine tool industry in 2010.

A variety of statistical data show that the machine-building industry has stabilized, but there is still an indication of instability, and it can be said that one of the most challenging periods of development still faces some acute contradictions. China's machine tool industry development is widely impacted by the machine industry, and analyzing the situation of the industry could helps us to clearly determine the movement of the machine tool industry.

2009 Development Characteristics of the Machine Industry:

First, the machine industry in 2009 achieved a steady growth, although the growth rate dropped below 2008. 2009 gross industrial output value increased 2.9 percent year on year from January to February, January to May rose 6.31 percent, January to August rose 9.70 percent, and in September grew 17.88 percent; with the general growth rate significantly increasing, the machine tool industry's growth was 8.44 percent.

Second, marketing sales is more difficult. Nearly three years of rapid growth has stimulated production capacity expansion, and strengthened macro-control (http://himfr.com/list-product-Machinery_Designing_Processing-19340000-1.html ) of market demand and gradually returned to normal, while also gradually intensifying the contradiction of supply exceeding demand. Sales is more difficult, but for most companies the industry-wide sales rate is still normal.

Third, efficiency is obviously in decline, and profits year-on-year fell. For the Machinery Industry in 2009, January to June cumulative: total assets of the contribution rate of 9.31 percent were down 1.04 percent year-on-year; cost margin was 5.27 percent, down 1.22 percent year-on-year; sales profit rate was 4.97 percent, down 1.09 percent year-on-year, achieving profit for the first time in nearly three years of negative growth, but declining monthly year-on-year. January to February year-on-year increased by 25.81 percent; January to May year-on-year grew 7.73 percent; January to August year-on-year increased by 6.83 percent.

Fourth, export are in decline, and surpluses are reduced. From January 2009 to August 2009, total exports were 121.809 billion U.S. dollars, an increase of 24.71 percent year-on-year; total imports were 110.8 billion U.S. dollars, a year-on-year increase of 23.53 percent; and import and export surpluses were 11.033 billion U.S. dollars. From January 2009 to June 2009, the cumulative trade surplus decreased 18.3 billion U.S. dollars from 2008.

Fifth, the output of major products continue to rise.

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