Hardware Operation in the First Half of the Year and Forecast in the Second Half of the Year

In the first half of 2011, the abrasives industry as a raw material and tool for industrial development maintained a steady development momentum under the overall development of the national economy. However, due to rising raw material costs, rising fuel prices, increased transportation costs, rising labor costs, and escalating costs, the company’s profit margins have decreased, and the production of brown corundum and green silicon carbide has caused excess capacity, which has caused product prices to fall, and the development of SMEs has been affected. Great influence. Accurately speaking, the production and sales profits of high-grade and high-quality products are relatively good, and the products and quality of the Dalu Road are greatly affected.

First, the first half of the industry operating conditions 1. The overall growth of production and sales is rapid, but the growth rate of various types of products is not balanced. According to statistics from the industry, the total industrial output value of the current price in the first half of the year increased by 33.67% year-on-year, and the sales revenue of the products increased by 29.46% year-on-year. However, from the perspective of several major categories of products, the growth in production and sales was uneven. The growth of brown corundum was 3.84%, that of white corundum was 59.24%, that of green silicon carbide was 14.73%, and that of black silicon carbide was 3.19% year-on-year. Ceramic grinding wheels were used for grinding tools. The year-on-year increase was 8.90%, the resin grinding wheel increased by 11.29%, the rubber grinding wheel increased by 105.19%, and the grinding stone increased by 16.02%.

2. Product prices oscillated slightly, and profit growth narrowed. In the first half of the year, the cost of brown alumina, white corundum, and black silicon carbide abrasives did not change much in comparison with that in 2010, with the ton price floating between 50 and 100 yuan. Green silicon carbide varies greatly.

Abrasives have more varieties and prices vary, not listed one by one. The price of ordinary abrasives does not change very much, but the quality is good and the price of high-grade abrasives rises. The cost increase rate is large. According to statistics, the cost of product sales increased by 32.7% year-on-year, the administrative expenses increased by 44.93%, the financial expenses increased 101.62% year-on-year, the total wages of employees increased by 24.21% year-on-year (about 10-15% increase in individual wages), and the sales revenue 29.46% growth, total profit growth of 20.19% year-on-year.

As the cost keeps rising and the price increase is not large, the profit rate of the company is not high; the profit rate of high-grade abrasives is relatively high.

3. Exports are stable and prices increase, but growth slows.

Brown corundum exported 332,000 tons, amounting to 214.1 million US dollars, compared with 323,500 tons in 2010, amounting to 171.3 million US dollars, an increase of 2.65% and 25% respectively. FOB was US$644.75 per ton, which was an increase of 21.78% from US$529.43 per ton in 2010.

Silicon carbide exports 110,300 tons, the amount of 275.7 million US dollars. In the same period of 2010, it was 106,200 tons and the amount was US$186.8 million. The year-on-year increase was 3.86% and 47.63%, respectively, and FOB was US$2,499.26 per ton. In the same period of 2010, it was US$1,758.27 per tonne, an increase of 42.14% from the same period of the previous year. The export of abrasives was 97,300 tons, amounting to US$142.5 million. The same period in 2010 was 76,500 tons, amounting to 103.1 million US dollars. The year-on-year increase was 27.31% and 38.35% respectively. In 2011, the FOB was 1464.83 US dollars per ton. In the same period of 2010, it was US$1,343.94 per FO ton, up 8.67% year-on-year.

Second, the industry operation analysis 1. The overall situation of the downstream industry is better overall, which has increased the purchase of products in the industry. According to relevant statistical data, steel output in the first half of the year was 350 million tons, a year-on-year increase of 9.6%; building materials industry cement was 951 million tons, an increase of 19.6% year-on-year; flat glass was 380 million weight boxes, a year-on-year increase of 19.1%; and building ceramics production was 4.13 billion square meters. , a year-on-year increase of 14.3%, a total of 76.52 million sanitary ceramics production, an increase of 3.7% year-on-year; production of non-ferrous metal products increased by 7.27% year-on-year; shipbuilding increased by 4.4% year-on-year, and automobile production increased by 2.48% year-on-year; overall the international economic situation picked up slowly. The export trade increased steadily, with the production and sales volume of the industry rising in the first half of the year.

2. The transformation and upgrading of enterprises, adjust the product structure, increase the output of high-quality products, enhance market competitiveness, and increase the ability to resist risks.

In the first half of the year, the company encountered many difficulties in its operation. In the first half of the year, the state suppressed inflation, raised the reserve ratio by 6 times, and increased the interest rate by 5 times. The enterprises generally feel that the funds are tight, and the payment is mostly adopted for acceptance, which affects the operation of the company to a certain extent; However, in the survey, it was found that some large-scale or special-product-producing enterprises were not affected significantly, output did not drop back, prices did not fall, and the main reason was that these companies had firmly grasped the national policy orientation, that is, as early as enterprise equipment. Upgrade and upgrade, increase the research and development of new products, abandon some common products, produce abrasive products used in high-end areas, and partially replace imported products in the fields of aerospace, automobile shipbuilding, steel, railways, etc. According to the analysis of the statistical data of 34 grinding tools, 24 of them have risen in output, output value and profitability. The remaining output and output value have decreased slightly but the profits have risen. The main reason is that these enterprises adjusted their product structure. The number of products increased, the number of low-grade products decreased, and the company’s ability to resist risks increased.

3. Energy-saving emission reduction effect is obvious. Many companies have increased efforts to retrofit old equipment, built automated production lines, and developed integrated thermal energy utilization to replace old equipment and extensive production methods. From the perspective of the operation of dozens of transformed companies, the effect is obvious. The new equipment is generally about 30 to 40% energy-efficient, and these companies have won awards for energy saving and emission reduction ranging from hundreds of thousands to millions of dollars in local governments.

4. Excessive capacity, product homogeneity is serious.

III. Trend analysis in the second half of the year 2011 is the first year of the “Twelfth Five-Year Plan”. In July, the “Twelfth Five-Year Development Plan for the Machine Tool Industry” approved by the Ministry of Industry and Information Technology focused on the development of abrasive products for abrasive products, and focused on the development of abrasive deep processing. The products are high-grade abrasive tools (high-efficiency, high-speed, heavy-duty, precision and super-precision grinding tools, new-type low-temperature bonding agents, etc.) for the numerical control machine tools. The key points of the development of the industry have been clarified, and the ideas for the development of the industry have become clearer. Briefly talk about abrasives required for manufacturing high-end abrasives, abrasives for manufacturing high-grade coated products, calcination of abrasives, rhodium-plating, powders required for solar energy industry, and abrasives for semiconductor manufacturing, etc., and can be extended according to the needs of high-end products. The type of abrasive development.

Some development suggestions:

(1) Keep abreast of national policies and timely adjust the industrial structure. After years of efforts, the adjustment pattern of abrasives, silicon carbide, and micro-powders has been basically clear. Some enterprises have already adjusted their product structure, abandoned their original products, abandoned non-competitive low-end products, and developed high-end products. Enterprises have embarked on the path of sound development, and a large number of companies are still struggling. It is recommended that competent companies, joint ventures with institutions, R&D institutions, be willing to invest some money, research and develop new products, put them on the market as soon as possible, and produce benefits; they can also strengthen the alliance between companies and bring their advantages into full play. Large-scale production wins the attention of the government and also increases the ability of the market to resist risks; there are also some companies that can take a change of course.

(2) Targeted production of marketable products. In-depth investigations are conducted on downstream companies to see what quality products the other party needs and to increase the targeted production of the products. The key to making large companies strong and small businesses doing well is to produce and sell products. The production of unique products can be done. At a low level, there is no way out with the big stream. The downstream industry involves a very wide range of areas. If we go deep into one area and do fine work and fine work, companies can survive and develop.

(3) Make great efforts to save energy and protect the environment. This is one of the emerging industries that have been intensively cultivated and developed at this stage. In the abrasive abrasive production process, there are still a series of environmental pollution problems, which have great potential to be excavated. In the future, the production of abrasive abrasives will be improved in terms of energy consumption, energy saving and emission reduction equipment and processes, and not only can the enterprises reduce costs, The key is to comply with national industrial policies, to win the market, to win government support, and companies have the fulcrum of development.

The new products are waiting for us to research and develop. The new road is waiting for us to explore. We must open up a new world of abrasives industry under the guidance of the country's emerging industry policy.

10FT

Putian Integrated Housing Co., Ltd. , http://www.zjprefabhouse.com

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