Hardware Industry Operation Analysis in the First Half of the Year

In the first half of 2010, China’s hardware industry continued its recovery momentum since the fourth quarter of 2009. The industry showed a boom in production and sales, rapid growth in imports and exports, rapid growth in various economic indicators, and a stronger trend in the recovery of the industry. .

1, industry output value, output rapid growth National Bureau of Statistics data show that from January to June 2010, the hardware industry above designated size 8603 enterprises, accumulative total industrial output value increased by 26.01% year on year, the growth rate is much higher than the same period last year. Among them, the building decoration and plumbing parts industry completed the first half of the total industrial output value of the industry accounted for 17.97%, ranking first.

From the point of view of the total industrial output value of the regions, Guangdong, Zhejiang, Shandong, and Jiangsu Provinces have achieved the highest total industrial output value among the four provinces, accounting for 68.04% of the industry's total output value. Guangxi and Inner Mongolia witnessed the fastest year-on-year growth, reaching 109.68% and 106.08% respectively. Only a province in Hainan had a negative growth, which was a year-on-year decrease of 2.28%.

Judging from the monthly output value, due to the influence of seasonal factors, except for the slight drop in February, all other months maintained the overall monthly growth trend. Although the year-on-year growth rate showed signs of falling in May and June, it also showed a significant increase over the same period of last year, with each month increasing by more than two digits.

In the first half of 2010, cumulative production of locks increased by 21.95% year-on-year. The cumulative production of enamel products increased by 22.97% year-on-year; the cumulative production of stainless steel products for daily use increased by 30.52% year-on-year; the cumulative production of gas water heaters increased by 28.26% year-on-year; the cumulative production of gas cookers increased by 0.86% year-on-year. The total output of all types of hardware products in the hardware industry increased year-on-year to positive growth, and, with the exception of domestic gas cookers, the cumulative growth rate of other types of products exceeded more than 20%.

From the perspective of the monthly output of finished products, the output of locks, enamel products, and stainless steel products for daily use began to grow from the second quarter due to a series of policies introduced by the government against the property market and tightening of local government investment. Its growth rate has gradually slowed down, and it has begun to decline since June. On the other hand, benefiting from the “Home Appliances to the Countryside” policy, the output of gas stoves and gas water heaters has increased month by month, and the growth rate has increased month by month.

2. Product sales are booming, and the production and sales rate remains at a relatively high level In the first half of 2010, the accumulated sales value of industrial sales of enterprises above designated size in the hardware industry across the country increased by 26.23% year-on-year. The accumulated export delivery value has increased by 24.77% year-on-year. The export delivery value accounted for 23.96% of the sales value, a slight decrease from the same period of last year. From a monthly perspective, the sales value and export delivery value of the hardware industry in the first half of 2010 continued to increase, and the growth rate was faster than the same period of the previous year. In addition to February, all other months reached more than 20%.

From the perspective of production and sales ratio indicators, in the first half of the hardware industry, the sales and sales rate has been ups and downs, but has remained at a high level. The cumulative production and sales rate was 97.25%, slightly higher than the same period of last year. Among them, the lowest in May, the sales rate was 96.7%. In the entire industry, the cumulative production and sales rate of enamel sanitary ware manufacturing industry was the highest, reaching 99.18%, and the cumulative production and sales rate of industrial enamel products supporting manufacturing industry was the lowest 89.67%.

3, the industry as a whole is good, the profits have increased dramatically from January to May 2010, the total realized total profit of the hardware industry increased by 52.38%. Among them, construction and safety metal products are the industries with the highest year-on-year growth in profits in the hardware industry. From January to May, cumulative profits increased by 160.87% year-on-year. The enamel sanitary ware industry, with a year-on-year decrease of 12.18%, was the only industry in which the profits of the industry's 14 sub-industries decreased year-on-year.

From January to May, there were 1,321 loss-making enterprises in the hardware industry across the country, with an industry loss of 15.48%, a decrease of 8.31 percentage points from the same period of 2009. The accumulated losses of the industry were 31.87 percentage points lower than the same period of last year, which all contributed to the improvement of the profits of the hardware industry.