In the First Half of 2020, the Auto Industry's Profit Fell by More than 20%

According to the latest data released by the National Bureau of Statistics compiled by the China Association of Automobile Manufacturers, the auto industry achieved a profit of 19.042 billion yuan in January-June 2020, down 20.7% year-on-year, down 12.8 percentage points from January-May, and 4.2 percentage points lower than in the same period last year, accounting for 7.6% of the total profits of industrial enterprises above the scale, 1.1 percentage points higher than in January-May, but still lower than the same period. In the second quarter, as the production and sales situation gradually improved, the decline in auto manufacturing profits also showed a month-on-month narrowing trend.

Wind breaking the waves of construction machinery: sea competition is a big trend Order increases by 120% monthly

Yesterday, Alibaba International Station online industry opened, and simultaneously launched the global (mechanical) digital sharing after-sales platform. At the meeting, Zhonglian Heavy Branch became the 7th global machinery 50 domestic enterprises in Ali International Station, Shanhe Smart Global premiere in accordance with the International Station big data guidance research and development, dedicated to the Internet 17U small micro excavator. Data show that alibaba international terminal construction machinery orders in the first half of the month stood at an average rate of 119 percent, in June growth rate rose to 175 percent. Zhang Chao, an analyst at China Airlines Securities, said head construction machinery companies were "going out to sea" to compete globally, and the expansion of overseas markets would provide additional support for their sales growth.

From January to June, the total profits of industrial enterprises above the national scale amounted to 251.149 billion yuan.

According to the latest data from the National Bureau of Statistics, the total profits of industrial enterprises above the national scale amounted to 251.149 billion yuan in January-June, down 12.8% Year-on-year (on a comparable basis), a decrease of 6.5 percentage points from January-May.　From January to June, 9 of the 41 industrial sectors increased their total profits year-on-year, with 1 industry flat and 31 declining. Among them: total profits of computer, communications and other electronic equipment industries increased by 27.2% YoY, special equipment manufacturing industry grew by 20.7%, agro-food processing industry grew 14.8%, oil and gas extraction industry fell 72.6%, automobile manufacturing fell 20.7%, power, thermal production and supply industry fell 9.5%, electrical machinery and equipment manufacturing industry fell 6.4%, general equipment manufacturing industry fell 1.1%, oil, coal and other fuel processing industry from profit to loss.