稳中向好态势延续 全年增速预计5.5%

Core Viewpoint - The mechanical industry in China is experiencing stable growth in the first half of 2025, with positive economic indicators and resilience in foreign trade, expected to continue this trend in the second half of the year with a projected annual growth rate of around 5.5% [1][6]. Economic Indicators - The number of large-scale enterprises in the mechanical industry reached 136,000 by the end of June, an increase of 6,000 year-on-year, accounting for 26.2% of the national industrial total, up 0.4 percentage points from the previous year [1]. - Total assets in the mechanical industry amounted to 40.4 trillion yuan, a year-on-year increase of 6.6%, representing 22% of the national industrial total, up 0.3 percentage points from the previous year [1]. - The added value of large-scale enterprises in the mechanical industry grew by 9% year-on-year, outperforming the national industrial and manufacturing growth rates by 2.6 and 2 percentage points, respectively [1]. Sector Performance - All five major sectors of the mechanical industry reported year-on-year growth in added value, with the automotive and electrical machinery sectors leading with growth rates of 11.3% and 12.2%, respectively [2]. - In the automotive sector, production and sales reached 15.62 million and 15.65 million units, reflecting year-on-year growth of 12.5% and 11.4% [2]. - The electrical machinery sector saw significant production increases, with generator output rising by 60.5% and solar cell production increasing by 18.2% [2]. Innovation and New Energy - The mechanical industry is focusing on technological innovation and green development, with new energy vehicles (NEVs) showing rapid growth, with production and sales reaching 6.968 million and 6.937 million units, respectively, up 41.4% and 40.3% year-on-year [3]. - The production of wind power units increased by over 70%, contributing significantly to the new energy system [3]. Foreign Trade - The total import and export value of the mechanical industry reached $597.6 billion, a year-on-year increase of 7.1%, with exports growing by 12.4% to $465.94 billion [4]. - The trade surplus was $334.28 billion, up 23.3% year-on-year, accounting for 57.1% of the national trade surplus [4]. Challenges and Future Outlook - Despite the positive trends, the mechanical industry faces challenges such as cautious foreign orders and market demand fluctuations, with 66% of enterprises reporting insufficient orders [4]. - The Ministry of Industry and Information Technology is set to issue growth stabilization plans for the mechanical, automotive, and electrical equipment sectors to enhance supply capabilities and optimize the industry environment [5]. - The long-term support conditions for the mechanical industry remain strong, with expectations for continued stable growth in the second half of the year [6].