1 Production and sales fell significantly and the decline gradually narrow
From January to July, this year� production and sales of loaders, bulldozers, graders, cranes, industrial vehicles, road rollers, pavers, excavators and other construction machinery products appeared more substantial decline. Besides grader, the other types of products decline more than 10%,in which loaders, road rollers and excavators decline in more than 20%. However, compared with the same period last year, the 8 products� decline has narrowed.
2 Economic benefits continue to decline, financial expenses increase rapidly
From January to July, the key enterprises operating income was 217.39 billion Yuan, down 0.47%; total profit was 17.39 billion Yuan, down 20.3%; profit decline was nearly 20 percent greater than the operating income decline. Financial expenses and interest expense increased significantly. From January to July, the finance costs increased by 131.1%, while interest expense increased by 159.8%. Accounts receivable and inventory of finished products continued to increase. From January to July, receivables grew by 41.8%, and finished goods inventories rose 7.6%. Most enterprise funds and economic benefits suffered a difficult situation which didn抰 happen for many years.
3 exports continue to maintain growth, imports continued to decline further
From January to July, import and export trade volume was $ 14.75 billion, an increase of 4.1% over the same period last year. The import amount was $ 3.8 billion, down 36.0%; exports amounted to $ 10.96 billion, a year-on-year growth of 33.0%; trade surplus achieved $ 7.16 billion, expanding $ 4.85 billion over the same period of last year.
