China's petroleum and petrochemical equipment market is on the rise

The China Petroleum and Petrochemical Equipment Industry Association recently said that since 2009, under the guidance of a number of national policies on expanding domestic demand and maintaining growth, China's petroleum and petrochemical equipment manufacturing industries have been affected by the financial crisis, but the top five have been affected. The monthly economic operation has started to pick up gradually. It is currently in a rising trend, but the growth rate has slowed down from the previous year.
According to statistics, from January to May this year, China's petroleum and petrochemical equipment industry completed an industrial output value of 80.288 billion yuan, an increase of 25.5% year-on-year; completed industrial sales output value of 75.121 billion yuan, an increase of 28.35%; completed new product output value of 9.008 billion yuan, The year-on-year increase was 29.66%; the export delivery value was 6.731 billion yuan, a year-on-year decrease of 2.26%.
Among them, the oil drilling equipment manufacturing industry in the first five months to complete the industrial output value of 47.119 billion yuan, an increase of 31.95%; refining and chemical equipment manufacturing industry in the first five months to complete the total industrial output value of 16.303 billion yuan, an increase of 19.81%.
In addition, in the first five months of 2009, the total assets of companies above designated size in the industry totaled 158.123 billion yuan, an increase of 22.53% year-on-year; sales revenue was 68.961 billion yuan, an increase of 27.53% year-on-year; product sales costs were 58.137 billion yuan, an increase of 29.02%; The total profit was 3.892 billion yuan, a year-on-year increase of 10.5%.
In the first five months, the number of loss-making enterprises engaged in the production of petroleum and petrochemical equipment was 475, accounting for 25.65% of the total number of enterprises, an increase of 110 over the same period of last year; cumulative losses amounted to 577 million yuan, an increase of 46.38% year-on-year. Among them, there were 217 loss-making enterprises in the oil drilling equipment manufacturing industry, which increased by 35 over the same period of last year; cumulative losses amounted to 366 million yuan, an increase of 48.17% year-on-year; and 125 loss-making enterprises in the special equipment manufacturing industry for refining and chemical production increased by 37; the cumulative loss amount 988 million yuan, an increase of 9.18%; metal pressure vessel equipment manufacturing industry, 133 loss-making enterprises, an increase of 38; the cumulative loss of 122 million yuan, an increase of 87.69%.
The above data shows that the loss-making enterprises and losses in all sub-industries have greatly increased, which clearly shows the overcapacity in traditional industries, and urgently requires industry industrial restructuring and technological innovation, and only rely on scientific and technological progress, improvement of the quality of laborers, and management innovation. And to strengthen the transformation of modern services, and through the merger and reorganization of dominant companies can reverse the current loss situation.

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