How About The Market Situation Of Power Equipment
In the first quarter of 2013, my country's economy did not continue its stabilization and recovery trend in the second half of 2012. GDP grew by 7.7% year-on-year, a decrease of 0.2 percentage points from the fourth quarter of the previous year, which was lower than the previously expected level. The slowdown in economic growth led to a simultaneous decline in the growth rate of power consumption demand. In the first quarter, the growth rate of electricity consumption in the whole society declined compared with the previous year. The overall balance of power supply and demand across the country. Under this situation, the national power investment continued to decline. In the quarter, the investment in power supply projects of major power generation enterprises nationwide was 61.8 billion yuan, a decrease of 17.1% over the same period of the previous year.
In the first quarter, the decline in the amount of power investment completed across the country led to a sharp drop in the output of power generation equipment. The cumulative output of my country's generator sets was 23,103,900 kilowatts, a sharp drop of 14.42% year-on-year, and the rate of decline expanded 5.52 percentage points from the end of the previous year.
Yield analysis
In the first quarter of 2013, my country's power engineering construction investment continued to decline in 2012, resulting in a sharp decline in the output of power generation equipment; while the investment in power grid construction increased sharply, stimulating the steady growth of the output of some transmission and transformation equipment.
Since 2013, with the acceleration of the construction of the national UHV power grid, my country's power grid project investment has maintained a rapid growth momentum, driving steady growth in transformer output. In the first quarter, my country's power grid project completed investment of 58.2 billion yuan, a significant year-on-year increase of 34.7%; the cumulative output of transformers was 318.0695 million kVA, a year-on-year increase of 6.46%, and the growth rate was 6.10 percentage points higher than the previous year.
Price trend
In the first quarter of 2013, my country’s economy showed signs of slowing again. The prices of bulk raw materials such as steel and non-ferrous metals fluctuated at a low level. The production cost of power equipment manufacturing was at a relatively low level. At the same time, due to the overcapacity of the industry, the product market was highly competitive and low-price bidding. Become a common means of business competition. Affected by the above two factors, the prices of most of the sub-sectors of my country's power equipment manufacturing industry declined in the first quarter. Among the 22 sub-sectors of the power equipment manufacturing industry as calculated by the China Machinery Industry Federation, the price index of 16 sub-sectors declined. Only six sub-sectors have seen an increase in price index.
From the perspective of price changes in various sub-sectors, only special ceramic products manufacturing, steam turbine and auxiliary machinery manufacturing, metal cutting and welding equipment manufacturing, transformer, rectifier and inductor manufacturing, capacitor and supporting equipment manufacturing, photovoltaic equipment and The price of 6 sub-sectors including component manufacturing increased, but the increase was not large, and the price index was below 103.0%; while the prices of other three sub-sectors, including battery manufacturing, power electronic component manufacturing, and boiler and auxiliary equipment manufacturing, fell the most, and their price indices were respectively They were 91.0%, 95.9% and 96.0%.
