The Industry Is Running Steadily And Making Progress in Transformation And Upgrading With Remarkable Results

The industry is running steadily and making progress in transformation and upgrading with remarkable results.

In 2024, the machinery industry conscientiously implement the CPC Central Committee, the State Council decision-making and deployment, adhere to the steady progress, in order to promote stability, rise to the challenge, and actively act to effectively cope with the risks and challenges, the development and growth of new productive forces; in the "two new" and other policies and measures, the industry is generally stable, and high-quality development has been steadily advancing. Looking ahead to 2025, opportunities and challenges coexist, favorable conditions are stronger than unfavorable factors, the economic operation of the machinery industry is expected to continue to maintain a stable and progressive development trend.

In 2024, the machinery industry economic operation of a good start in the first quarter, the second quarter of the overall stability of the third quarter of the growth rate of the main indicators slowed down, showing downward pressure; the fourth quarter with the "two new" policies and a package of incremental policies and measures to take effect, the industry's operating situation stabilized and rebounded.

2024 machinery industry production and sales overall better than the previous year's level. Focus on monitoring the 122 kinds of major mechanical products, 72 kinds of product output year-on-year growth, accounting for 59%; 50 kinds of product output year-on-year decline, accounting for 41%. Key product production and sales characteristics are mainly manifested as follows: First, automobile production and sales hit a record high. Annual automobile production and sales were completed 31.282 million units and 31.436 million units, ranked first in the world for 16 consecutive years, an increase of 3.7% and 4.5% year-on-year; among them, the passenger car market performance is better, the commercial vehicle market is relatively weak, and the new energy vehicles continue to maintain high growth. Secondly, the production of electrical and electronic products is stable and good. Annual output of generator sets 280 million kilowatts, up 16.0%; solar cell production of 680 million kilowatts, up 15.7%. Third, the stabilization of manufacturing industry driven by stable growth in processing equipment, metal cutting machine tool production of 695,000 units, an increase of 10.5%; metal forming machine tool production of 160,000 units, an increase of 7.4%. Fourth, construction machinery to end three consecutive years of downward trend to achieve bottoming out, 12 kinds of key products sales growth of 4.5%, of which half of the product sales growth, excavator sales growth of 3.1%. Fifth, general-purpose equipment and basic parts of the product growth trend, pumps, fans, compressors, bearings, fasteners, hydraulic components, metal seals and other product output growth. Sixth, the consumer market rebound driven by cameras, service robots, packaging equipment and other product output growth. Seven is the overall downturn in agricultural machinery, 10 kinds of key products in 7 kinds of product output fell year-on-year.

Machinery Industry Prosperity Index covers production, industry, investment, foreign trade, economic efficiency, prices and other dimensions, a comprehensive reflection of the economic performance of the machinery industry. 2024 Machinery Industry Prosperity Index was high before and after the stabilization of the trend, the beginning of the index is higher, the first half of the month by month down stabilization, the third quarter again fell slightly, the fourth quarter has risen at the end of the year Prosperity Index of 103.1. In addition to the beginning of the year is higher, the monthly Prosperity Index are in the 102-102 range. Prosperity index are running in the range of 102-104, overall lower than the level of 2023, but still located in the prosperous range.

In 2024, the machinery industry adhered to scientific and technological innovation and green development, accelerated the cultivation of new kinetic energy and new advantages, and actively promoted the development of high-end, intelligent, green and integrated development, and the industry's high-quality development and transformation and upgrading highlights.

(I) Scientific and technological innovation to promote industrial foundation improvement

First, the innovation ability is steadily improving. Secondly, the quality standard is continuously enhanced. Third, the resilience of the industrial chain supply chain and the level of security continue to improve.

(B) Green and low-carbon transformation with remarkable results

First, new energy vehicles continue to soar. Second, the rapid development of clean energy equipment, boosting China's energy green low-carbon transformation and the construction of a new energy system. Third, the pace of green transformation of traditional industries has accelerated, and advanced green intelligent products continue to be developed and applied.

(C) Digital to intellectual change to stimulate the new momentum of industry

First, the emergence of intelligent factories. Second, the rapid development of intelligent manufacturing equipment. Third, intelligent networked cars are developing vigorously.