China's valve industry profit reached 127.6 billion yuan in the first half of the year

With the advancement and development of science and technology, the pace of socio-economic development continues to increase, and the competition in various industries is also becoming increasingly fierce. After several decades of development in China's valve industry, product development, performance, quality, reliability, service, etc. All aspects have made great progress. Now it is developing towards a highly automated, intelligent, multi-functional, high-efficiency, and low-consumption, and has become a must for many industries.

According to data released by the China Valve Industry Federation recently, the industrial value added of the 13 sub-sectors of the national valve industry in the first half of 2011 all grew rapidly in double digits, and the valves for engineering valves and heavy mines grew fastest. The chemical industry and electrical industry, which have a relatively large proportion of the total, contributed nearly 59% of the total industry growth.

According to the data, the comprehensive index of the national valve industry's economic efficiency in the first half of the year was 169.55%, which was approximately 20 percentage points higher than the same period of last year. The main business income profit margin was 5.33, a year-on-year increase of 0.49 percentage points. The government's policies to revitalize the equipment manufacturing industry, strong market demand, and enhanced industry input capabilities are all reasons for high growth.

Since 2011, the product structure of mechanical industrial valves has been further optimized, the pace of technological innovation has been accelerated, and the export situation has continued to improve. Data show that in the first half of the year, China's machinery industry earned foreign exchange of 65.2 billion U.S. dollars, an increase of 36.15% year-on-year, and the accumulated trade deficit was 1 billion U.S. dollars, a year-on-year decrease of approximately 2.6 billion U.S. dollars.

Experts in the industry stated that the growth mode of China's machinery industry's valves has been improved, the proportion of general trade exports with higher added value has increased, and the import and export products have been gradually upgraded. High value-added products such as automobiles, CNC machine tools and power generation equipment have been Become a highlight of export products.