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Recently held in Hefei, the 2019 World Manufacturing Congress resoundingly put forward the transformation and upgrading, high-end manufacturing, innovation-driven, intelligent manufacturing and other initiatives, playing the strongest voice towards a new era of manufacturing. Enhance the capacity of manufacturing technology innovation, promote manufacturing quality change, efficiency change, power change, China's manufacturing industry is glowing with new vitality, leading the industry's high-quality development through innovation drive.
Wind data show that listed companies in the manufacturing industry in the first half of the revenue of more than 8 trillion yuan, the industry ranked first, far more than the second financial industry. A number of high-quality manufacturing enterprises in the service of supply-side structural reform and high-quality development of the economy, playing an increasingly important role. China Enterprise Confederation, China Entrepreneurs Association released this month, 2019 China Manufacturing Enterprises Top 500 list (with 2018 business revenue as the shortlisting criteria) shows that the operating performance of the manufacturing top 500 enterprise group has significantly rebounded, the net profit growth rate maintains a high level, and it is constantly moving towards the middle and high end of the industrial chain.
Leading companies have obvious advantages
This year, the manufacturing industry leading enterprises are strong, holding the core technology of high-end manufacturing enterprises to develop rapidly, reflecting the manufacturing industry listed companies to the quality of the group to be effective, to upgrade the determination to expand the space.
Leading companies have obvious advantages. According to the 2019 China Top 500 Manufacturing Enterprises list, the 2019 China Top 500 Manufacturing Enterprises achieved a total profit attributable to the parent company of 976.729 billion yuan in 2018, an increase of 19.44% compared with the previous year; the profit margin on net assets was 10.48%, 1.25 percentage points higher than the previous year.
High-end manufacturing companies have seen a larger increase in earnings. Focusing on precision box system and mobile communication equipment in the field of Shijiazhuang Technology in the first half of the net profit year-on-year growth of 350.88%; large-scale casting and forging parts supplier Baoding Technology net profit year-on-year growth of 124.71%; intelligent manufacturing equipment overall solution provider Hanchuan Intelligent first half of the net profit year-on-year growth of 123.67%.
Innovation-driven transformation and upgrading
Enterprises are the important main body of manufacturing innovation. According to the 2019 China Top 500 Manufacturing Enterprises list, 2019 China Top 500 Manufacturing Enterprises 2018 R & D expenses reached 71,187,000,000 yuan, an increase of 8.63% over the previous year, the R & D intensity of 2.14%, to achieve the R & D intensity of ‘three consecutive rises’ since 2016. "With Shenzhou in the sky, Jiaolong in the sea, 5G on the scene, and Beidou in the network, China's manufacturing industry has been transformed and upgraded with new technologies.
With ‘science and innovation’ and ‘growth’ attributes of the science and innovation board declaration of enterprises, part of the manufacturing enterprises are expected to lead the development of new trends in the manufacturing industry. Lianrui New Material is a leading domestic scale silicon powder enterprise, and its products are used in copper-cladding boards for electronic circuits and epoxy plastic sealing materials for chip packaging, which is of great strategic significance in leading the upgrading of the materials industry, supporting strategic emerging industries and promoting the transformation and upgrading of traditional industries. Listed in the science and technology board companies, the western superconductor as the only domestic commercial production of low-temperature superconducting wire enterprise, the first half of the net profit increased by 15.78% year-on-year.
To the high-end of the industry chain
Analysts pointed out that, as the world's manufacturing power, China's manufacturing industry is still big but not strong, in the international industrial chain division of labour in the low-end level, in the higher value-added links lack of competitiveness, so adhere to the innovation-driven strategy, in the industrial chain constantly by the low-end to the high-end of the industry chain is to achieve China's high-quality development of manufacturing industry is a necessary road.
This year, the manufacturing industry segments represented by non-ferrous, iron and steel, building materials, etc., have continued to upgrade the industrial chain and establish a core industrial cooperation chain. Li Bin, a non-ferrous industry analyst at Huatai Securities, said that nickel resource giant Qingshan Industry joined hands with Grimmie to deal with efficient extraction technology of resources, waste resource recycling technology, etc., which gave birth to a chain of cooperation with industry giants leading the industry's development and stabilising industry expectations, and achieved Grimmie's position as the leader of the world's waste regeneration industry. Baosteel focuses on the future development trend of iron and steel, and signed a comprehensive cooperation framework agreement with Anhui University of Technology to carry out comprehensive cooperation in forward-looking technological innovation, engineering problems, transformation of scientific and technological achievements, and training of high-end talents. Promote the manufacturing industry to the high-end of the industry chain, Fang Yanhuo said, building materials industry, glass fibre plate is continuing to increase the proportion of high-end products, enhance the cost advantage; coating plate is continuing to increase the proportion of first and second-tier cities, enhance product awareness.
Looking ahead to the fourth quarter, analysts pointed out that the development of high-end segments of the manufacturing industry is expected to usher in development opportunities. Li Bin, for example, 5G mobile phones and other terminal applications in the heat dissipation and shielding requirements accordingly, will give rise to the corresponding precision copper alloy plates and strips and other needs; for the field of display, OLED flexible screen applications are in the spotlight. Focus on the fourth quarter of manufacturing, consumer building materials, Tianfeng Securities suggests focusing on two points, one is the leading market share is expected to accelerate, mainly benefiting from the bottom of the industry boom endogenous consolidation, as well as real estate refurbishment and home furnishing companies collectively expanding the trend of the B-end faster than the C-end of the retail; the second is the old reform of the market demand is expected to be released, pay attention to the incremental demand for coatings, waterproofing, tubing and so on.
