Brief analysis on the economic operation of instru

2022-08-03
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Brief analysis: economic operation of instrument and meter industry in 2019 recently, Shanghai Instrument and Meter Industry Association released a brief analysis of economic operation of instrument and meter industry in 2019. 607 of the 4451 enterprises suffered losses, with a total main business income of 724.264 billion yuan, and a net increase in total profits of 3.926 billion yuan to 70.041 billion yuan

instrument and meter sub industry main business income top10:

1 Manufacturing of industrial automatic control system devices: the revenue was 251.193 billion yuan, a year-on-year increase of +2.20%, accounting for 34.68% of the industry

2. Optical instrument manufacturing: the revenue was 83.281 billion yuan, a year-on-year increase of +36.58%, accounting for 11.50% of the industry

3. Manufacturing of electrical instruments and meters: the revenue was 69.817 billion yuan, a year-on-year increase of +0.66%, accounting for 9.64% of the industry

4. Manufacturing of transportation equipment and counting instruments for production: the revenue was 39.492 billion yuan, a year-on-year -3.05%, accounting for 5.45% of the industry

5. Manufacturing of clocks and timepieces: the revenue was 36.261 billion yuan, a year-on-year increase of +4.27%, accounting for 5.01% of the industry

6. Manufacturing of other general instruments: the revenue was 30.467 billion yuan, a year-on-year increase of +13.98%, accounting for 4.21% of the industry

7. Manufacturing of electronic measuring instruments: the revenue was 29.081 billion yuan, a year-on-year increase of +3.94%, accounting for 4.02% of the industry

8. Manufacturing of instruments for supply: the revenue was 26.197 billion yuan, a year-on-year -3.68%, accounting for 3.62% of the industry

9. Manufacturing of experimental and analytical instruments: the revenue was 25.455 billion yuan, a year-on-year -1.40%, accounting for 3.51% of the industry

10. Manufacturing of drawing, computing and measuring instruments: the revenue was 25.305 billion yuan, a year-on-year -0.17%, accounting for 3.49% of the industry

1. Completion of main indicators

(1) completion of production and sales

● export delivery value: 119.462 billion yuan, +1.34% (machinery industry +3.37%), accounting for

5.26% (a year-on-year decrease of 0.81 percentage points)

● see Table 1 for output completion

(2) completion of economic benefits

● main business income: RMB 724.264 billion, +5.54% (machinery industry +2.46%), accounting for 3.33% of the machinery industry (a year-on-year decrease of 0.46 percentage points)

● total cost: 635.786 billion yuan, +4.58% (machinery industry +2.22%), accounting for 3.18% of the machinery industry (a year-on-year decrease of 0.52 percentage points)

● total profit: 7041 million yuan, +5.94% (machinery industry -4.53%), accounting for 5.30% of the machinery industry (a year-on-year decrease of 0.09 percentage points)

● accounts receivable: 246.194 billion yuan, +5.30% (machinery industry +2.26%), accounting for 4.29% of the machinery industry (a year-on-year decrease of 0.20 percentage points)

● finished products: 45.565 billion yuan, +10.05% (machinery industry +5.98%), accounting for 3.87% of the machinery industry (a year-on-year decrease of 0.17 percentage points)

● loss: RMB 6.163 billion, +15.95% (machinery industry +25.98%), accounting for 2.71% of the machinery industry (a year-on-year decrease of 0.23 percentage points). The depth of the loss was 8.80%, up 0.76 percentage points year-on-year

● number of loss making enterprises: 607, +14.74% (machinery industry +12.96% of the long-term purchase agreement signed this time), accounting for 4.19% of the machinery industry (an increase of 0.07% over the same period of the previous year). The loss area was 13.64%, up 1.76 percentage points year-on-year

2. Overall economic operation status

see Table 2 for the overall economic operation status of the instrument industry

(1) among the 11 economic operation indicators: sales revenue, total profit, main business profit rate, profit rate, operation safety rate, accounts receivable rate and management expense rate were better than those in the same period of last year; The remaining four indicators were worse than the same period of the previous year

(2) the total profit increased by 3.926 billion yuan. The main business profit increased by 10.157 billion yuan, with a contribution of 258.68%. Other profits decreased by 6.230 billion yuan, with a contribution of -158.68% (see Figure 1)

(3) gross profit increased by RMB 12.931 billion, contributing 127.32% to the increase of main business profit by RMB 10.157 billion. During the period, the cost increased by 2.774 billion yuan, with a contribution of -27.32% (see Figure 2)

the contribution of sales revenue growth to gross profit growth was 70.05%, and the gross profit margin increased by 0.53 percentage points, with a contribution of 29.95%

the contribution of the increase of gross profit margin to the growth of main business profit and total profit was 38.14% and 98.65% respectively

(4) the book main business profit was 88.478 billion yuan, and the main business profit received due to accounts receivable was only 56.575 billion yuan, a decrease of 2.02% over the previous year (see Figure 3). The profit from the main business of credit was 31.903 billion yuan, an increase of 201.91% over the previous year. The proportion of the profits of the main businesses on account was 36.06%, an increase of 20.59 percentage points over the previous year

(5) the contribution of the growth of sales revenue to the growth of sales cost was 115.43% (which increased the sales cost by 28.968 billion yuan), and the sales cost rate decreased by 0.53 percentage points, with a contribution of -15.43% (which reduced the sales cost by 3.873 billion yuan). The contribution of the increase in sales revenue to the increase in period expenses was 170.05% (which increased the period expenses by 4.718 billion yuan), and the period expense rate decreased by 0.27 percentage points, with a contribution of -70.05% (which reduced the period expenses by 1.943

billion yuan). (see Figure 4)

(6) the total assets were 977.7 billion yuan, with a year-on-year increase of +7.18%. The utilization prospect should first consider whether the installation of the main part of the experimental machine is vertical. The liabilities in the broad range were 441.6 billion yuan and the owner's equity was 529.1 billion yuan (see Figure 5), with a year-on-year increase of +6.42% and +7.83% respectively

the main business cost is 547.9 billion yuan, the period expense is 87.9 billion yuan, and the main business profit is 88.5 billion yuan (see Figure 5), which is + 4.80%, +3.26% and +12.97% respectively year-on-year

(7) the asset liability ratio was 45.49%, the operating safety ratio was 50.16%, the main business profit ratio was 12.22%, and the profit ratio was 9.67% (see Figure 6), which were -0.33, +2.25, +0.80 and +0.04 percentage points respectively year-on-year

3、 Economic operation situation

(1) main business income (see Figure 7)

(2) total profit (see Figure 8)

(3) accounts receivable (see Figure 9)

(4) asset liability ratio (see Figure 10)

(5) product inventory (see Figure 11)

(6) export delivery value (see Figure 12)

(7) depth of loss (see Figure 13)

(8) loss area (see Figure 14)

main sub industries of instruments(main revenue TOP10) Comparison of economic operation

1. Comparison of main business income (see Figure 15)

(1) manufacturing of industrial automatic control system devices: 251.193 billion yuan, a year-on-year increase of +2.20%, accounting for 34.68% of the industry

(2) manufacturing of electrical instruments and meters: RMB 69.817 billion, a year-on-year increase of +0.66%, accounting for 9.64% of the industry

(3) manufacturing of experimental and analytical instruments: 25.455 billion yuan, a year-on-year -1.40%, accounting for 3.51% of the industry

(4) optical instrument manufacturing: 83.281 billion yuan, a year-on-year increase of +36.58%, accounting for 11.50% of the industry

2. Comparison of total profits (see Figure 16)

(1) manufacturing of industrial automatic control system devices: 23.093 billion yuan, a year-on-year -3.72%, accounting for 32.97% of the industry

(2) manufacturing of electrical instruments and meters: RMB 5.286 billion, a year-on-year -5.62%, accounting for 7.55% of the industry

(3) manufacturing of experimental and analytical instruments: RMB 3.655 billion, a year-on-year -2.61%, accounting for 5.22% of the industry

(4) optical instrument manufacturing: RMB 9.057 billion, a year-on-year increase of +58.94%, accounting for 12.93% of the industry

3. Comparison of average business scale of enterprises (see Figure 17)

(1) manufacturing of industrial automatic control system devices: the main business income is 267.05 million yuan, and the total profit is 25.8 million yuan

(2) manufacturing of electrical instruments and meters: the main business income is 183.25 million yuan, and the total profit is 13.87 million yuan

(3) manufacturing of experimental and analytical instruments: the main business income is RMB 11.02 million and the total profit is RMB 15.89 million

(4) optical instrument manufacturing: the main business income is 223.87 million yuan, and the total profit is 24.35 million yuan

4. Comparison of the number of loss making enterprises (see Figure 18)

(1) manufacturing of industrial automatic control system devices: 203 loss making enterprises, accounting for

21.57% and 14.51% of the enterprises

(2) manufacturing of electrical instruments and meters: there are 58 loss making enterprises, accounting for 6.16% and 15.22% of the enterprises

(3) manufacturing of Experimental Analytical Instruments: there are 24 loss making enterprises, accounting for 2.55% of the total loss making enterprises and 10.43% of the total loss making enterprises

5. Comparison of loss amount (see Figure 19)

(1) manufacturing of industrial automatic control system devices: the loss amount is 1.863 billion yuan, accounting for 30.23% of the loss amount and 8.07% of the loss depth

(2) manufacturing of electrical instruments and meters: the loss was 1.936 billion yuan, accounting for 31.41% of the total loss, and the depth of the loss was 36.63%

(3) manufacturing of experimental and analytical instruments: the loss was 85million yuan, accounting for 1.38% of the total loss, and the depth of the loss was 3.99%

(4) optical instrument manufacturing: the loss was 269million yuan, accounting for 4.36% of the loss, and the depth of the loss was 2.97%

6. Comparison of export delivery value (see Figure 20)

(1) manufacturing of industrial automatic control system devices: 29.292 billion yuan, a year-on-year increase of +2.58%, accounting for

22.61% of the whole industry

(2) manufacturing of electrical instruments and meters: RMB 7.988 billion, a year-on-year increase of +4.59%, accounting for 6.17% of the industry

(3) the verification feature of Jinan experimental machine lies in the manufacturing of analytical instruments: 6.265 billion yuan, a year-on-year increase of +16.51%, accounting for 4.84% of the industry

(4) optical instrument manufacturing: 19.696 billion yuan, a year-on-year increase of +3.69%, accounting for 15.20% of the industry

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