The Economic Operation Quality in 2024 To Be Improved

The Economic Operation Quality in 2024 to Be Improved

In 2024, under the complex and severe situation of increased external pressure and increased internal difficulties, the operation of our national economy will be generally stable, with the added value of industries above the national scale increasing by 5.8% year-on-year, and the added value of manufacturing industries increasing by 6.1% year-on-year.

The small and medium-sized motor industry lags behind the national industry and the national manufacturing industry. In 2024, the industrial added value of the small and medium-sized motor industry will fall by 5.3% year-on-year, which is 11.1 percentage points lower than the industrial added value of the national scale and above, and 11.4 percentage points lower than the industrial added value of the manufacturing industry. In 2024, small and medium-sized motor industry enterprises will face insufficient demand and orders, material prices will fluctuate and operate at high levels, product sales prices will not rise or fall, and liquidity will be tight. The economic operation of some enterprises is in poor condition, the competition of industry enterprises has intensified, the risk of internal convulsions has increased, and the quality of the industry's economic operation needs to be further improved.

Industry production and sales fell slightly year-on-year; total industry profits fell year-on-year; export production and sales fell year-on-year, and export revenue increased year-on-year; the average purchase unit price of some major raw materials at the end of the period was running at a high level; inventory at the end of the period, accounts receivable and payable all increased year-on-year; the industry's average comprehensive economic efficiency index fell year-on-year.

In 2025, in accordance with the deployment of the Central Economic Work Conference, adhere to the general tone of "steady progress", fully implement the new development concept, accelerate the construction of a new development pattern, solidly promote high-quality development, further deepen reform and opening up, implement more active and promising macro-policies, expand domestic demand, promote the integration and development of scientific and technological innovation and industrial innovation, stabilize expectations, stimulate vitality, and promote China's economy to continue to pick up and develop for the better. Recently, the state and local governments have successively issued industrial policies such as the "Notice on the Implementation of large-scale equipment renewal and trade-in policies for consumer goods Afterburner Expansion in 2025", "Shanghai Industrial Communications Industry Energy equipment renewal special support Implementation Rules", "Notice on Carrying out Special Actions for Small and Medium-sized Enterprises to serve Overseas" and so on. The implementation of the large-scale equipment renewal policy has stimulated the demand for equipment upgrades in various industries. As the core component, the order volume of motors is expected to increase. The implementation of energy-using equipment renewal subsidies has effectively reduced the cost of enterprise equipment procurement and provided strong support for the promotion and application of high-efficiency motors. The overseas actions of small and medium-sized enterprises help enterprises develop overseas business and open up a new development track. The intensive introduction of these favorable policies has brought new opportunities to the development of the motor industry.