The first quarter of the agricultural machinery industry achieved rapid development

In the first quarter of this year, the overall operation of the agricultural machinery industry was sound, the major economic indicators achieved rapid growth, the industry prosperity index continued to rise, the investment fever continued unabated, and the production and sales of enterprises flourished. Most agricultural machinery enterprises, especially corn machineries, started production at an early stage. .

In the first three months, the growth rate of the industrial output value of enterprises above designated size in the industry is still in double digits. The number of agricultural machinery enterprises has increased by more than 70 at the end of last year. This is the result of the industry’s investment in fixed assets in recent years.

In the first quarter, the export value of agricultural machinery of enterprises above designated size was 6 billion yuan, a year-on-year increase of 15.74%, and the growth rate was 10.5 percentage points lower than the same period of last year, which was lower than the increase in domestic sales. Among them, the export delivery of tractor manufacturing industry fell by 22.8% year-on-year, and the export of machinery for agricultural and garden machinery manufacturing and parts and components manufacturing increased by 25.21% and 17.09% year-on-year, respectively; the export growth of livestock and animal husbandry machinery and feed machinery was relatively large, both exceeding 74%.

Increase in output of major farm machinery products

In the first quarter, the output of major farm machinery products increased or decreased, and the large decline in product output was apparent for large tractors. The large-scale tractors of enterprises above designated size decreased by 20.95% year-on-year, and the production of medium tractors increased by 0.47%. The output of small tractors that had been declining last year increased 10.58% year-on-year. The total industrial output value and sales value of the industrial backbone tractors of the industry decreased 8.52% and 5.92% year-on-year, respectively, but the growth rate increased by 91.81% and 102.41%, respectively, indicating that the subsidies for purchases began to start in March and the production and sales of enterprise products began to increase. .

The output of industrial backbone enterprise harvesters increased by 14.76% year-on-year, and sales increased by 18.47%. The wheat harvester mainly increases the amount of models with a feeding amount of more than 4 kilograms, and the drop below 3 kilograms is larger. The link between the amount of national purchase subsidies and the amount of feeds has a great influence. The self-propelled corn machine increased by 18.44%, and the rice machine increased by 9.71%, both of which were smaller than the same period of last year. The output of feed production equipment increased by 35.39% year-on-year.

The market for major products such as tractors and wheat machines started in the first quarter earlier than in previous years, and the demand for users has not diminished.

Major economic indicators achieve rapid growth

In the first two months of this year, agricultural machinery enterprises above designated size achieved main business income of 42.489 billion yuan, a year-on-year increase of 15.53%. The profit realized was 2.49 billion yuan, a year-on-year increase of 13.79%, and the main business profit rate was an average of 5.9%. In 2012, the industry’s main business profit margin averaged 6.9%. The listed company represents a higher level of management and operation in the industry, and its 2012 financial data has been disclosed. The leading company of domestic tractors Luoyang Yituo has a gross profit rate of 12.9% and a net profit margin of 3%. The gross profit rate of the company's representative company Xinyan Research Co., Ltd. is 35.6%, and its net profit margin is 19.50%. Last year, the corn machine was a financially subsidized product. It was the fastest growing product in the market and was also a product with higher profits for enterprises. This good situation will continue this year.

Purchase subsidy policy to force

The most important factor in the continued high-speed development of the agricultural machinery industry is the strong and continuous support provided by the national purchase subsidy policy. In September last year, in 2013, the first batch of indicators of the central government's purchase of subsidies for agricultural machinery worth 20 billion yuan was issued to the provinces in advance. As early as the start of government subsidy work, the production and sales of the first quarter were boosted.

The total amount of subsidy funds continues to increase. From the implementation of the "Agricultural Machinery Purchase Subsidy Implementation Plan" announced by the provinces, local subsidies are also increasing. For example, Jiangsu Province took the lead in realizing subsidies for agricultural machinery that implement the GSP system according to farmers' needs. Farmers only need to buy government subsidies, which is very good news and a powerful measure.

Through the first quarter of the operational analysis, we believe that the overall operation of the industry is healthy. The start was good. We believe that the two markets inside and outside the agricultural machinery will continue to thrive this year. The increase in total industrial output value will exceed 15% for the whole year. In 2013, the agricultural machinery industry will still achieve rapid development.