The past year has been extraordinary. The world economic situation is complex and volatile, Sino-US trade frictions are ups and downs, and the market structure is undergoing profound adjustments. The growth rate of the domestic host industry, represented by automobiles and machine tools, has slowed down, demand has been compressed, and the production, efficiency and exports of the bearing industry have been affected to some extent. In particular, the onset of the new crown epidemic has inevitably impacted economic operations.
Overall economic situation of the bearing industry in 2019
After comprehensive statistics, China's bearing industry in 2019:
-Completed operating income of 177 billion yuan, a year-on-year decrease of 4.22%.
-The production of bearings was 19.6 billion sets, a year-on-year decrease of 8.83%.
-5.878 billion sets of export bearings, a decrease of 4.74% over the same period last year;
-Earning foreign exchange was 5.321 billion US dollars, a decrease of 3.36% over the same period last year.
-2.233 billion sets of imported bearings, a decrease of 6.79% compared with the same period last year;
-The use of foreign exchange was 3.645 billion US dollars, an increase of 1.34% over the same period last year.
-The surplus in import and export trade was US $ 1.676 billion, a decrease of 12.72% compared with the same period last year.
(I) Analysis of the Economic Operation of Major Enterprises in the Bearing Industry in 2019
1. The main operating income decreased by 2.8%, and the bearing business income decreased by 5.08%
From January to December, 118 major companies completed the main business income of 83.9 billion yuan, a year-on-year growth rate of -2.8%, an increase of 0.7 percentage points from the previous month's -3.5%. The top 10 companies in the industry completed the main business income of 50.67 billion yuan, a year-on-year growth rate of -1.5%, an increase of 0.66 percentage points from -2.16% of the previous month.
118 companies completed bearing business income of 65.43 billion yuan, a year-on-year growth rate of -5.08%, a decrease of 0.71 percentage point from -4.37% of the previous month; the top 10 companies completed 37.34 billion yuan, a year-on-year growth rate of -2.27%, which was higher than The month's -2.83% increased by 0.56 percentage points.
2. The total industrial output value decreased by 2.16%, and the bearing output decreased by 2.47%
The total industrial output value (current price) of major enterprises (118 companies) completed 69.2 billion yuan, a year-on-year growth rate of -2.16%, an increase of 2.02 percentage points from -4.18% last month. 2.47%, an increase of 3.37 percentage points from -5.84% of the previous month.
3. Bearing production and sales rate was 101.32%, and bearing sales fell by 2.07%
From January to December, 118 companies produced 5.32 billion sets of bearings, sold 5.39 billion sets of bearings, and produced and sold at a rate of 101.32%. The year-on-year growth rates of production and sales were -2.47% and 2.07%, respectively.
4. Bearing inventory increased by 15.82%
From January to December, the bearing inventory of 118 companies was 8.57 billion yuan, a year-on-year growth rate of 15.82%, an increase of 8.76 percentage points from 7.06% last month.
5. Profits fell by 11.86% and taxes fell by 12.44%
The total profits of 118 companies for the year totaled 4.66 billion yuan, a year-on-year growth rate of -1.186%. The total tax revenue was 3.16 billion yuan, a year-on-year growth rate of -12.44%. Compared with last year, the total profit increased by 50%, and the total profit decreased by 46.61% year-on-year.
From January to December, the loss-making enterprises' loss face was 12.71%, and the number of loss-making enterprises decreased by 0% compared with the same period last year. The loss of loss-making enterprises was 520 million yuan, an increase of 141.86% over the same period last year.
6.Employees decreased by 2.02%, and total wages increased by 0.94%
From January to December, the number of unemployed employees in 118 enterprises was 109,000, a year-on-year growth rate of -2.02%; the total wages of unemployed employees in the period was 6.52 billion yuan, a year-on-year growth rate of 0.94%.
From January to December, the per capita wages of major enterprises were 4,984.71 yuan / person.month, an increase of 2.78% over the same period last year at 4,848.85 yuan / person.month;
From January to December, the per capita main business income of major enterprises was 767,700 yuan / person.year, an increase of -1.02% over the same period last year, which was 767,600 yuan / person.
The growth rate of per capita wages was nearly 3.8 percentage points higher than the main operating income per capita.
7.The bearing export revenue of major enterprises decreased by 6.24%
At the end of December, the sales revenue of bearing products of major enterprises completed 12.92 billion yuan, a year-on-year growth rate of -6.24%; the sales volume of export bearing products was 1.89 billion units, a year-on-year growth rate of 0.14%.
(II) National Bearing Import and Export Situation in 2019
In 2019, China's cumulative export of bearings was 5.887 billion sets, a decrease of 4.74% compared to the same period last year; foreign exchange earnings of 5.321 billion US dollars, a decrease of 3.36% compared to the same period last year.
The total number of imported bearings was 2.233 billion, a decrease of 6.79% compared with the same period last year; the use of foreign exchange was 3.645 billion US dollars, an increase of 1.34% over the same period last year.
The surplus in import and export trade was US $ 1.676 billion, a decrease of 12.72% compared with the same period last year.
In 2019, China's exports to the United States earned US $ 718 million, a year-on-year decrease of 14.59%.
Outlook for the economic situation in 2020
Due to the impact of the epidemic, the bearing industry will experience an unprecedented trough in the first quarter. If the epidemic in the second quarter can be controlled and recovered, most companies expect to fully resume production and operations in the second quarter. In the second half of the year, due to the stability of China ’s economic fundamentals, restoring production, construction, and investment after the epidemic will bring release market demand and potential market momentum, and bring opportunities for the structural adjustment and transformation of the bearing industry.
Therefore, the development of the bearing industry in 2020 will present a more obvious development trend of low front and high back, and gradually pick up. At the same time, it should be noted that the current epidemic has not only had a significant impact on the domestic economy, but also a significant impact on the international community. The world economy is expected to experience a large decline. Therefore, in 2020, crisis and opportunity coexist. The joint efforts of various companies in the industry are expected to maintain the economic indicators of the bearing industry last year.
