Analysis on economic operation situation of buildi

2022-08-06
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Analysis report on economic operation situation of building materials industry in the first quarter of 2015. The problems exposed by the economic operation of the building materials industry this year are the focus of contradictions in the transformation and upgrading of the building materials industry in the new normal

economic operation of building materials industry in the first quarter of this year

1. The growth rate of production dropped

the main business income of the building materials industry in this month was 618.9 billion yuan, a year-on-year increase of 9.6%, and the growth rate dropped by 4.1 percentage points compared with the same period last year. In the first quarter, the building materials industry is expected to achieve a main business income of 1trillion yuan, an increase of 8% year-on-year. The growth rate is 5.6 percentage points lower than that in the period last year when these high molecular chains were naturally curled in the toothpaste tube

the output of traditional building materials such as cement and flat glass decreased. In January, the national cement output reached 430million tons, down 3.4% year on year; The output of flat glass was 190million weight boxes, a year-on-year decrease of 6%. In January, the national cement clinker output decreased by 11.1% year-on-year, much higher than the cement output. The output of prestressed concrete piles with rapid growth over the years decreased by 3.9% year-on-year in this month, and the output of sanitary ceramics decreased by 1% year-on-year

although the output of commodity concrete and other products driven by investment still maintained a rapid growth, the growth rate fell back. In January, the output of commercial concrete of Industrial Enterprises above Designated Size nationwide increased by 10.5% year-on-year, and the growth rate dropped by 4.7 percentage points year-on-year. The growth rate of concrete drainage pipes and pressure pipes fell by 3.3 and 8 percentage points year-on-year respectively, and the growth rate of cement poles fell by 143 Percentage points. The output of porcelain and ceramic tiles increased by 3.7% year-on-year, and the growth rate dropped by 2.7 percentage points year-on-year. The output of marble and granite plates increased by 5.9% year-on-year, and the growth rate dropped by 15.4 percentage points year-on-year. The growth rate of waterproof coiled material output dropped by 3.9 percentage points year-on-year

emerging products of building materials urgently need to maintain the growth momentum. In January, the brick output of Enterprises above designated size increased by 12.3% year-on-year, with a year-on-year increase of 4.2 percentage points. The output of gypsum board increased by 11.5% year-on-year, and the growth rate increased by 7.9 percentage points year-on-year. The output of insulating glass increased by 20.1% on a year-on-year basis, driving the growth rate of the output of three kinds of glass technologies to increase by 2.7 percentage points on a year-on-year basis. Glass fiber got rid of the downturn for many years. In this month, the output of glass fiber yarn in China increased by 13.1% year-on-year, and the growth rate increased by 6.7 percentage points year-on-year; The output of fiber reinforced plastic products decreased by 9.1% in the same period of last year, and increased by 7.4% year-on-year in this month

2. The proportion of low energy consuming processed products industry exceeded 50%

in January this year, the growth rate of the main business income of various building materials industries, except the glass fiber products and reinforced plastic manufacturing industries, fell comprehensively year-on-year. Traditional energy consuming industries such as cement and flat glass are either declining or growing at a low speed. In this month, the main business income of traditional energy consuming industries of building materials grew at an average rate of only 6.7% year-on-year. Although the growth rate of low energy consuming processing products such as concrete and cement products and building stones dropped from a high level, they still maintained a rapid growth. In this month, the main business income increased by an average of 12.8% year-on-year. For the first time this year, the proportion of low energy consuming building materials processing products exceeded 50%

3. The ex factory price of products continued to decline

since the end of last year, the ex factory price of building materials products has continued to decline month on month. In January this year, the ex factory price of building materials products fell by 2.4% year-on-year

in March, the average factory price per ton of cement in China has dropped to 285.5 yuan, and the average monthly drop is 27 yuan year-on-year, a drop of 9.2%. In March, the average ex factory price of flat glass in China was 62.8 yuan per weight box, while that of construction and glass was only 57.2 yuan per box. The average year-on-year decrease of flat glass in March was 7 yuan, a decrease of 9.8%. Among other major building materials products, except building stone, heat and sound insulation materials, glass fiber, sanitary ceramics and some non-metallic mineral products, there were year-on-year decreases of different ranges

4. Steady growth in exports

in the first two months of this year, China's export of building materials commodities reached US $6.7 billion (RMB 41.1 billion), a year-on-year increase of 35.9%, and an actual increase of 18.5% excluding exchange rate and price changes. In the first quarter, the national building materials commodity export is expected to be 10billion US dollars, with a year-on-year increase of 32%, and the actual growth rate will also be more than 15%

in recent years, the export of building materials commodities is the same as the national export commodities, and the growth rate fluctuated sharply at the beginning of the year. From the perspective of bulk export commodities of building materials, the export of building materials grew steadily this year. The year-on-year growth rate of exports of building sanitary ceramics and building technical glass was more than 20%, while the number of exports of building stone reached more than 40%. Stimulate the rapid growth of domestic production

last year, due to the substantial increase in China's imports of non-metallic minerals for arts and crafts such as jadeite and nephrite from Myanmar, China's imports of building materials and non-metallic minerals exceeded US $10.2 billion in exports last year. Since the beginning of this year, China's imports of jadeite and nephrite have dropped by a large margin. In the first quarter, the imports of building materials and non-metallic minerals fell by about 50% year-on-year. The export of building materials and non-metallic minerals again exceeded the import

5. The investment in fixed assets was stable and slowing down

in the first quarter of this year, the national building materials industry completed a fixed asset investment of 212.5 billion yuan, a year-on-year increase of 13.8%, and the growth rate dropped by 4.5 percentage points year-on-year

the investment in concrete and cement products, building stones, bricks and tiles and blocks, building sanitary ceramics and light building materials occupy the top five in the building materials industry, and the investment in the five major industries accounts for 54% of the building materials investment. Among the five major industries, construction stone investment grew the fastest this year, with a year-on-year increase of 34.1% in the first quarter. Cement investment has been declining for five years. At present, the investment has retreated to the sixth place in the building materials industry

6. Substantial decline in economic benefits

at the beginning of this year, the economic benefits of the building materials industry continued to decline since last year. In January, the building materials industry above Designated Size realized a total profit of 32.5 billion yuan, a year-on-year increase of 1.8%, and the growth rate was 44% lower than that of the same period last year. The flat glass industry suffered losses, and the cement manufacturing industry realized a profit of only 78.26 million yuan, a year-on-year decrease of 97%. The deficit of building materials enterprises was 12.1 billion yuan, including 7.2 billion yuan for cement and 700million yuan for flat glass. Building materials enterprises suffered losses of 18.6%, including 39.7% in cement industry and 37.7% in flat glass enterprises

the decline in cement prices has contributed to the decline in the cost of concrete and cement products in its downstream industry. In this month, the profit of concrete and cement products above designated size increased by 45.1% year-on-year. The economic benefits of glass fiber and its products and glass fiber reinforced plastics showed a restorative growth. The year-on-year growth rate of total profits in this month reached 45.1% and 16.3% respectively. The year-on-year growth rate of total profits of light building materials, heat insulation and sound insulation materials reached 31.7% and 15.1% respectively. The year-on-year growth rate of the total profits of building sanitary ceramics, bricks and tiles and building blocks was also more than 10%. Without the stable benefits of most building materials industries, especially the steady growth of the benefits of the extended industry chain and emerging industries, the economic benefits of the building materials industry will decline this year

II. Problems in the industrial structure of building materials in the new normal

China's national economy has entered the new normal. The prominent feature is that the growth rate has shifted from high speed to medium high speed. The decline in the growth rate in the new normal is a superficial feature, while the essential feature is the adjustment of the industrial structure of the national economy. China's national economy has entered a new development stage of industrial structure adjustment. Economic development has changed from industry led to service led. The role of consumption as a driving force has gradually increased. Industrial development has changed from traditional industries to high-tech industries. The quantitative expansion mode of high growth, high energy consumption and high emission of China's traditional industries cannot be continued. We must rely on scientific and technological progress and management improvement to achieve transformation and upgrading. Moderate growth, low energy consumption, low emission or zero emission and quality benefit development are the only alternative. In the new normal, the growth rate of building materials production and the decline of economic benefits are the concentrated exposure of accumulated contradictions and problems in the industrial structure of building materials industry over the years

1. Industrial structure heavily dependent on investment

the main business income of building materials industry above Designated Size this year is the lowest growth rate in 2000. 2012 was a turning point in the development of the building materials industry. With the decline of the growth rate of national fixed asset investment, the role of consumption as a driver has gradually increased. Since 2012, the building materials industry has entered a stable growth from the previous high-speed growth

the main internal reason for the rapid decline of the growth rate of the building materials industry is the heavy reliance on the investment driven industrial structure. For a long time, the construction and installation projects account for more than 65% of China's fixed asset investment, and the industrial and real estate investment accounts for more than 65%. The heavy investment structure has made the growth of building materials industry dependent on investment growth. In recent years, due to the development of non investment driven industries such as technical glass and glass fiber, as well as the rise of the building decoration market, the proportion of traditional industries such as cement and flat glass in the industrial structure of building materials has decreased, However, Koizumi also said that the emerging industries driven by consumption and downstream industry demand in the building materials industry are: "We are still learning how to tell a good story. New support and growth points for building materials have been formed, but they are insufficient to offset the impact of the decline in investment demand growth. Cement and its product chain extension industry, concrete cement products, still account for 40% of the building materials industrial structure. In addition, investment driven industries such as brick and tile, building stone, sand and gravel, as well as building sanitary ceramics, building technology glass and other major industries depend on Depending on the investment driven industry, the investment driven factors once exhibited by the building materials industry still account for about 80%

2. The economic benefit is heavily dependent on the number of traditional products

last year, the profits of the traditional building materials industry and the traditional extension industry still accounted for 75% of the profits of the whole industry. The profits of cement and its extension industry concrete cement products accounted for 50% of the profits of the whole building materials industry in a few years. The growth of the economic benefits of the traditional building materials industry mainly depends on the growth of product sales and the rise of prices. In the new normal, the growth rate of investment fell back, the slowdown of market demand growth highlighted the contradiction of excess capacity of traditional building materials, and the price of product supply exceeded demand fell. The sharp decline in the economic benefits of the traditional building materials industry is a prominent problem in the new normal

the industrial chain extension industry of traditional building materials products and the processed products industry are still in the primary stage of scale extension expansion. For the processed products at the back end of the building materials industry chain, the intermediate input of the products is high. At this stage, the added value of the products is low due to the low level of technology. The profit margin of the products is far lower than that of the traditional products at the front end of the industry chain, which can not fill the gap of the substantial decline in the benefits of traditional building materials

3. The extension of the industrial chain of traditional products is blocked.

in 2014, the sales of the concrete and cement products industry above Designated Size exceeded 1trillion yuan, and the sales exceeded the cement manufacturing industry. However, according to the production ratio of concrete and cement, the sales of the concrete and cement products industry should reach two or three times of the cement manufacturing industry, that is, 2trillion yuan or 3trillion yuan. As an extended industry of cement, the concrete and cement products industry above Designated Size still has great growth potential, which is an important driving force for the steady and rapid growth of the building materials industry above Designated Size in the new normal. The concrete and cement products industry is an investment leading and driving industry. The decline in the growth rate of national fixed asset investment will inevitably affect the industrialization process of concrete and cement products. Since this year, the scale

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