Review and Analysis on the Economic Operation of China 's Tool Industry in 2016

In 2016, the central government adhered to the supply-side structural reforms and adhered to the decisive role of the market in allocating productive forces. It adhered to the promotion of institutional building and innovation in related fields, resulting in more positive factors in China's macro-economic growth, demand conditions, business environment and benefits The situation and the prospects for development have been improved, the Chinese economy is breaking through the difficulties and moving steadily to the new goal.
      Under such macroeconomic situation, the sales situation of the tool industry in 2016 can be described in terms of "before, after, and after". In 2016, the year-on-year sales decline of tool enterprises narrowed from quarter to quarter and turned negative from positive to negative in the fourth quarter, achieving a long-term positive growth. From an annual perspective, the market situation stabilized and stabilized and the trend toward recovery was clear. This shows that the government's policy of monetary easing and demand-side expansion to stabilize the economy has yielded results in recent years. Sales revenue in the industry stabilized in 2016, a slight increase from the same period of last year. In recent years, sales revenue dropped sharply due to the decrease of demand for traditional low-end standard knives is being offset by the growth of sales of high-end knives serving the modern manufacturing industry. This is a very inspiring trend of development. It proves that the general direction of the structural reform of the vast majority of our tool enterprises over the past few years is entirely correct.
         According to the statistics of 84 member companies of China Machine Tool Industry Association Tools Branch, the total industrial output value was 13,897,951,000 yuan in 2016, up 5.3% over the same period of last year, of which the output value of tool products was 9,463,442,000 yuan, up by 5.6% over the comparable period %; Industrial sales output 1325023.5 million, according to the comparable caliber increased 6.1%, of which sales of tools products 894395.10000 yuan, according to comparable caliber increased 3.9%; product sales 1.2576401 million yuan, a comparable increase of 1.6%; Industrial added value of 5,193,936,000 yuan, an increase of 8.95% over the comparable size. In 2016, the member enterprises participating in the annual statistics of the tool industry realized profits and taxes of RMB166.626 million, up 15.9% over the comparable period of the previous year; total profit of RMB884.601 million, an increase of 27.5% over the same period of the previous year (of which 66 were profitable and 10 of 18 loss-making enterprises Business losses year-on-year decrease). The average number of employees in 84 enterprises was 39,201, a decrease of 1,436 (3.5% year-on-year reduction); full-time labor productivity (calculated by industrial added value) was 132,495 yuan, up 12.95% over the same period of last year.