Abstract On August 22nd, the list of the top 500 Chinese service companies issued by the China Enterprise Confederation and the China Entrepreneur Association showed that the State Grid Corporation, Industrial and Commercial Bank, and Construction Bank were among the top three. At the same time, the growth rate of operating income of service companies is still higher than that of manufacturing. &n...
On August 22nd, the list of the top 500 Chinese service companies issued by the China Enterprise Confederation and the China Entrepreneur Association showed that the State Grid Corporation, Industrial and Commercial Bank, and China Construction Bank were among the top three. At the same time, the growth rate of operating income of service companies is still higher than that of manufacturing. At present, the proportion of the service industry continues to rise in China's economic structure. In 2014, the service industry added value of 30.7 trillion yuan, accounting for 48.2% of GDP.
Wang Zhongyu, president of the China Enterprise Confederation, said that the 2015 China service industry top 500 operating income increased by 7.2%, and the service industry's top 500 business income growth rate exceeded the manufacturing top 500 for three consecutive years.
These data may be a big surprise for many people. Is the gap between manufacturing and service industries so large?
The era of "service industry" has started. With the entry of China's economy into a new normal, traditional industries such as coal, steel, and nonferrous metals have been further adjusted in depth. Emerging industries and new industries have undergone changes, and the economic structure has entered an optimization period.
Wang Zhongyu said that the optimization of industrial structure showed a good momentum. In 2015, China's top 500 service industry revenues increased by 7.2%, and the manufacturing industry's top 500 operating income increased by 3.3%. The service industry's top 500 operating income growth rate exceeded the manufacturing top 500 for three consecutive years.
In fact, under the strong wind of “Internet +â€, the market structure of many industries has been reconstructed. Among the top 500 Chinese companies in 2015, five Internet companies were listed, including Jingdong Mall and Tencent.
The "2015 China Enterprises Top 500 Development Report" announced at the same time pointed out that from the change in the profit growth rate of China's service industry enterprises in 2015, the number of enterprises with a profit growth rate of 50% or more in the list is 73. This data was 91 in 2014, 82 in 2013 and 106 in 2012, which means that profitability has declined.
However, the answer given by Internet companies is more eye-catching.
The data shows that there are 38 enterprises with a profit margin of more than 20% in China's service industry enterprises this year, including 14 banks and 7 Internet companies. "High-end manufacturing and modern service industries have developed relatively fast in the past two years, including the new Internet industry. The development of the service industry has surpassed the development of the manufacturing industry for the third consecutive year, indicating that the optimization of the industrial structure shows a good momentum. China's economy has begun to transition from the industrial age to the service industry era. Hao Yufeng believes that under the new economic normal, the top 500 Chinese enterprises are showing new features such as steady growth in R&D investment and continuous deepening of industrial restructuring.
China's manufacturing industry is facing a double-click on the list of the top 500 Chinese companies in 2015. Many people have taken a sigh of relief for “Made in Chinaâ€. The number and scale of Chinese manufacturing companies ranked among the top 500 Chinese enterprises have increased compared with last year. Since 2009, the number of Chinese manufacturing companies that have been among the top 500 Chinese companies has continued to decline, but this year 266 companies were on the list, up 6 from the previous year. The total operating income of these 266 manufacturing companies also increased by 3.25% over the previous year, and even the ratio of manufacturing to the total operating income of the top 500 increased by 4.7 percentage points over the previous year.
However, the overall profitability of the manufacturing industry has not changed significantly, and the number of loss-making enterprises and the amount of losses have increased. In 2015, the top 500 Chinese manufacturing enterprises achieved a net profit of 573.74 billion yuan last year, an increase of 2.27% over the previous year. The growth rate decreased by 5.57 percentage points from the previous year. Among these manufacturing enterprises, the annual profit of 60% of enterprises is only less than 1 billion yuan, and only 8 companies have a profit of more than 10 billion yuan. Another 46 companies lost money, 15 more than the previous year.
This is true of the top 500 companies, and the pressure on Chinese manufacturing is evident. “Most manufacturing companies are gradually recovering from the international financial crisis. However, the decline in scale growth indicates that Chinese manufacturing companies are affected by the 'three-phase superposition', especially facing the 'high-end reflow' of developed countries and developing countries. 'The low-end shunt' of the front and rear pinch." Zhai Rong said.
For a long time, the complete industrial chain and low cost are the comparative advantages of China's manufacturing participation in international competition. However, after the international financial crisis, high-end manufacturing retreats in developed countries competed with low- and middle-income countries for the simultaneous transfer of low-end manufacturing, which formed a “two-way squeeze†for China. In recent years, the United States released the "Advanced Manufacturing Partnership Program", Germany released "Industry 4.0"... Developed countries have successively launched the "Manufacturing Reflow Plan", like Apple Computer has set up factories in the United States, Japan's Matsushita also put vertical The production of washing machines and microwave ovens was transferred from China to Japan. On the other hand, some Southeast Asian countries such as Vietnam and India have begun to undertake the transfer of labor-intensive manufacturing at a lower cost. For example, companies such as Nike, Uniqlo, and Samsung have opened new plants in Southeast Asia and India.
"Now the US electricity bill is only 5 cents. In some countries, in order to attract advanced manufacturing to promote employment and even introduce a tariff-free policy, our industrial electricity bill is 7 cents, which is more than doubled. The rise in manufacturing costs has made traditional manufacturing industry bear Great pressure," said Wang Shutian, president of the China Textile Machinery Association.
"The traditional factors in the traditional competitive advantage of China's manufacturing industry are increasingly tightened, and the extensive development path has become narrower and narrower. Under the new normal of economic development, China's manufacturing enterprises must accelerate the pace of transformation and upgrading." Chinese enterprises Li Jianming, vice chairman of the federation, said.
When the R&D expenditure accounts for more than 5% of the main business income, the enterprise will have market competitiveness, while the manufacturing industry in China is only 0.85%.
In order to reverse the situation of manufacturing and not strong, in May this year, the State Council issued "Made in China 2025", hoping to achieve China's manufacturing powerhouse goal through "three steps." "Chinese manufacturing enterprises must seize this round of manufacturing revitalization opportunities, from the use of demographic dividends to the use of talent dividends, to the two ends of the smile curve. The most important of these is to increase the intensity of research and development and innovation." Li Jianming said.
The traditional manufacturing industry is heading for the new blue ocean, and R&D and innovation have to be willing to spend “real money and silverâ€. However, China's manufacturing R&D investment is currently at a low level. In 2014, China's R&D expenditure of manufacturing enterprises above designated size accounted for only 0.85% of the main business income. Internationally, it is generally believed that when this ratio reaches 2.5%, manufacturing companies can survive. When they reach 5% or more, enterprises will have market competitiveness.
Compared with international comparison, the ratio of China's manufacturing R&D investment, that is, the ratio of total R&D investment to product sales revenue is 1.1%, while that in the US is 4% and Japan is 3.4%. Among them, China's high-tech industry R&D expenditure accounted for 26.3% of the R&D expenditure of the manufacturing industry, which was also lower than the 73.3% of the US, 41.2% of Japan, 34.3% of Germany, 62.8% of the UK, and 58.7% of South Korea.
“Technological innovation is the most important factor in determining many factors in the development of manufacturing industry. The investment in R&D expenses is too low, which seriously affects the innovation ability of enterprises, resulting in slow development of new products.†Li Jianming introduced, according to the enterprise tracking of China Enterprise Alliance for many years. According to the survey, since 2009, the proportion of new products sold in most “Made in China†has continued to decline. Among them, in the cultural and educational sporting goods manufacturing industry in 2012, the proportion of sales of new products such as leather, fur, feather (velvet) and its products, communications equipment, computers and other electronic equipment manufacturing decreased by a large margin, down 13.65% from the previous year. , 6.33%, 3.72%.
So why is the R&D investment of manufacturing companies low?
The meager income and profit margins have left the company with no room for R&D investment. “For a long time, China’s manufacturing industry relied on technology introduction and imitation manufacturing, and rapidly formed huge production capacity on the basis of large-scale investment. However, the extensive growth model also led to low manufacturing profits, which led to the lower the profit, the less Dare to invest in the vicious circle of research and development." Rong said.
Insufficient protection of intellectual property rights also leads companies to be reluctant or afraid to increase investment in research and development. “Technological innovation is a long-term accumulation process. The investment from basic research and development to pilot test (the test before the product is officially put into production) is very large. However, at present, China’s intellectual property protection and other relevant laws and regulations are still lacking in shock.†Wang Shutian is clear I remember that the association held several seminars to crack common technical problems. The companies all expressed their active support, but in the end no company sent core technical personnel to participate. "Everyone wants to learn art without paying, and they are afraid of being ridiculed. This is the flaw in manufacturing innovation. When plagiarism, counterfeiting and other illegal acts do not cost a lot of money, companies will lack the courage to innovate."
Innovation in exchange for real money and silver Today, the manufacturing industry is popular with a sentence, "do not transform and die, change to find death." In the period of structural adjustment, it is necessary to improve the innovation investment of enterprises and enhance the innovation vitality of enterprises. First, we must change the concept of entrepreneurs and strengthen the confidence of entrepreneurs.
"Now it is necessary to climb the slopes, the traditional industry is a two-wheel drive, and certainly can't move. Injecting capital and innovation into two new powers, becoming a four-wheel drive, the traditional manufacturing industry can smoothly transform and upgrade." In China's top 500 enterprises, Zheng Yuanbao, chairman of Renmin Electric, believes that R&D investment may not start from basic research. Companies can also try to acquire cutting-edge technologies that traditional manufacturing can undertake on a global scale, as well as the high-tech of strategic emerging industries encouraged by the state. Technical strength, and reduce research and development risks.
Zheng Yuanbao has just acquired a number of new technologies from the United States and is not pessimistic about the future of the manufacturing industry. "Our acquisition of the home lighting technology that has not been used for ten years, and the hood technology that can be transformed into an air purifier are all emerging industries of 'grounding gas'. The biggest headache to solve the people's life is to fill the gap in the market and have a lot to do. This innovative investment is real money, and in exchange for real money and silver."
Large rivers and rivers are full, and large manufacturing enterprises should assume the leaders of industrial innovation. Large enterprises have relatively abundant resources, and their technology accumulation is more abundant. In the industrial chain, more capital plays the role of “integratorâ€. SMEs are “small and well-tunedâ€, and the market is more sensitive, often being a disruptor of traditional business models and product technologies. Combining the advantages of both, the open platform of large enterprises, support and foster innovation of small and medium-sized enterprises, can make the industrial innovation finger become a fist, "zeroing into a whole." In July this year, Deloitte and the China Machinery Industry Federation jointly released the report “From Made in China to China's Smart Manufacturingâ€, pointing out that Chinese large enterprises should further increase their investment in research and development, and they can use the transformation as an incubator to screen projects. The company's integrated innovation and resource integration advantages make technology innovation the core driving force for large enterprises to seize the global industrial commanding heights.
Let enterprises improve the intensity of research and development, may wish to first give enterprises "reduction of burdens." According to "Made in China 2025", China will co-ordinate the study of corporate income tax deduction policy, improve the enterprise R&D expenses calculation method, and expand the R&D expenses plus deduction of preferential policies. At the same time, the China Entrepreneurs Association recommends that the state should establish a diversified technology innovation capital investment system as soon as possible. While enterprises increase investment in research and development, the government should increase investment in key and common industries, and should also encourage Venture capital enters the field of technological innovation.
The brand represents innovation and customer satisfaction. When producing a machine, Volvo keeps the requirements and preferences of the customer in mind. Volvo also thinks in terms of solutions that increase the productivity and efficiency at the work site. Everything considered, Volvo offers a trusted package of high-quality machines where the company is ready for its customers when this is required.
It is annoying when your Volvo machine stops working at the workplace. A reason for the machine not working may be a worn Final Drive. Naturally, this is not a good situation and you want to ensure your machine can start work as quickly as possible. We offer the right solution at JUHENG for this.
We ship worldwide so you will receive our final drive motors at your address in the shortest time. Shipping costs and delivery time depend on number of items ordered and shipping address. E.g. We Ship to Europe within 4 working days.
The final drive must therefore be replaced. Luckily, you are exactly at the right place at JUHENG. We offer a large range of final drives for your Volvo machine. You can easily find the right final drive for your machine by using our search methods. You can find the right final drive by searching based on: the OEM number, the brand and type or the dimensions of the final drive. Do you want to know more? Contact us.
With solutions available for over 170 Volvo excavator models, Volvo Final Drive,Volvo Final Drive Assy,Volvo Travel Motor,Volvo Travel Gearbox,Volvo Final Drive Spare Parts,Volvo Drive Parts,Volvo Motor.
Volvo Final Drive,Volvo Final Drive Assy,Volvo Travel Motor,Volvo Travel Gearbox,Volvo Final Drive Spare Parts,Volvo Drive Parts,Volvo Motor
Jining Juheng Hydraulic Machinery Co., Ltd. , https://www.sdjuhengmachine.com