In 2011, according to preliminary estimates by the Bureau of Statistics, the annual fixed asset investment was 30,193.285 billion yuan, a year-on-year increase of 23.8%, the growth rate was 0.8 percentage point lower than the previous year, and the national real estate development investment for the year increased by 27.9% year-on-year, both showing varying degrees of intensity. The fall back. In terms of electricity, China’s electricity consumption in the entire society grew steadily and rapidly. The installed capacity of power generation increased by 9.4% year-on-year, and investment in the nation’s power engineering construction was basically the same as last year. Among them, the completion of power engineering construction investment decreased by 6.49% over the previous year, and investment in power grid engineering construction increased by 6.77% over the previous year. In 2011, the State Grid and South China Net invested a total of about 85 billion yuan in the transformation of rural power grids, and secured the actual start of construction of two-thirds of the planned 10 million sets.
Although the growth rate of electricity and real estate investment declined, the low-voltage electrical appliance industry was driven by rural power grid reconstruction and the construction of affordable housing. The overall production and sales of the industry still showed a substantial increase over last year. In 2011, the total production and sales of the industry and the sales volume of main products were about 15% higher than the same period of 2010. From the statistics of the 100 companies reported, the annual growth in production and sales accounted for about 75% of the entire industry. The production and sales of many outstanding enterprises in the industry grew by more than 30%. However, affected by the pressure of rising raw material costs and labor costs, the competitiveness of the industry has become increasingly fierce, and the profitability of enterprises with weak competitiveness and poor cost control capacity has declined to varying degrees. The leading enterprises in the industry have enjoyed good economic returns, and their growth rates have exceeded expectations. .
In 2012, under the influence of the uncertain economic recovery in the United States, the debt crisis in the euro zone, external pressures from the inflation of developing countries, and macroeconomic control policies such as stability and progress and transfer of means and structural adjustment, China’s 2012 macro The economy will experience a declining inertia, and the possibility of GDP growth will continue to decline.
Grid investment is relatively independent of the macroeconomic environment, and there is even a counter-cyclical nature in some forms. The International Model Association Secretary-General Luo Baihui pointed out that in 2012, the economic downturn, grid investment may become one of the economic stimulus plans. In 2012, the State Grid will complete a fixed asset investment of 336.2 billion yuan, a year-on-year increase of 1.79%, of which the power grid investment is 309.7 billion yuan, an increase of 2.58% over the same period of last year. The 2012 grid investment is basically the same as in 2011, and will focus on the construction of UHV and distribution networks. , Promote smart substations and distribution network automation. To ensure the stable growth of the low-voltage electrical industry.
The National Twelfth Five-Year Plan outlines the development of seven strategic emerging industries such as fostering and developing energy-saving and environmental protection industries, a new generation of information technology industry, a biological industry, a high-end equipment manufacturing industry, a new energy industry, a new materials industry, and a new energy automobile industry. In a prominent position, according to the country's previous planning, by 2015, the value added of the seven strategic emerging industries will increase to 8% of GDP, and will rise to 15% by 2020.
Luo Baihui, secretary-general of the International Model Association, believes that strategic emerging industries will gradually become the leading force in promoting the development of the national economy in the next five years. The development of these industries will bring tremendous development opportunities to low-voltage electrical appliances, especially mid- to high-end products.
In July 2010, the National Development and Reform Commission and the Energy Bureau officially launched the reconstruction and upgrading project of rural power grids. National Grid plans to invest more than RMB 460 billion during the 12th Five-Year Plan period to focus on solving the weak problems of rural power grids and basically build a new type of rural network that is safe, reliable, energy-saving, environmentally friendly, technologically advanced, and standardized. By 2015, the rural grid power supply reliability rate will reach 99.7%, the comprehensive voltage pass rate will reach 98.5%, and the overall line loss rate will average 6.2%. The transformation of rural power grids has led to the huge demand for low-voltage electrical appliances on the distribution side. The transformation of the rural power grid will support the 2012 low-voltage electrical appliance industry to continue its rapid growth.
In 2012, the real estate industry entered a stage of steady development for the time being, but the construction of affordable housing compensated for the slowdown in the growth of commercial housing construction. According to the plan, during the 12th Five-Year Plan Period, the state will build 36 million sets of affordable housing, and the Ministry of Housing and Urban-Rural Development announced that the construction target for the construction of affordable housing in 2012 will be more than 7 million sets. The construction of affordable housing provides a good market space for cost-effective low-voltage electrical products.
In the domestic market, with the general improvement of user rationality, the weights of low-voltage electrical product quality and performance indicators in demand-sensitive factors have increased significantly, and the market level of price warfare has been increasingly limited, with energy-saving and consumption-reduction as the application orientation. The high-end low-voltage electrical appliances with high technological added value are facing good development prospects and have more significant price advantages.
Although the growth rate of electricity and real estate investment declined, the low-voltage electrical appliance industry was driven by rural power grid reconstruction and the construction of affordable housing. The overall production and sales of the industry still showed a substantial increase over last year. In 2011, the total production and sales of the industry and the sales volume of main products were about 15% higher than the same period of 2010. From the statistics of the 100 companies reported, the annual growth in production and sales accounted for about 75% of the entire industry. The production and sales of many outstanding enterprises in the industry grew by more than 30%. However, affected by the pressure of rising raw material costs and labor costs, the competitiveness of the industry has become increasingly fierce, and the profitability of enterprises with weak competitiveness and poor cost control capacity has declined to varying degrees. The leading enterprises in the industry have enjoyed good economic returns, and their growth rates have exceeded expectations. .
In 2012, under the influence of the uncertain economic recovery in the United States, the debt crisis in the euro zone, external pressures from the inflation of developing countries, and macroeconomic control policies such as stability and progress and transfer of means and structural adjustment, China’s 2012 macro The economy will experience a declining inertia, and the possibility of GDP growth will continue to decline.
Grid investment is relatively independent of the macroeconomic environment, and there is even a counter-cyclical nature in some forms. The International Model Association Secretary-General Luo Baihui pointed out that in 2012, the economic downturn, grid investment may become one of the economic stimulus plans. In 2012, the State Grid will complete a fixed asset investment of 336.2 billion yuan, a year-on-year increase of 1.79%, of which the power grid investment is 309.7 billion yuan, an increase of 2.58% over the same period of last year. The 2012 grid investment is basically the same as in 2011, and will focus on the construction of UHV and distribution networks. , Promote smart substations and distribution network automation. To ensure the stable growth of the low-voltage electrical industry.
The National Twelfth Five-Year Plan outlines the development of seven strategic emerging industries such as fostering and developing energy-saving and environmental protection industries, a new generation of information technology industry, a biological industry, a high-end equipment manufacturing industry, a new energy industry, a new materials industry, and a new energy automobile industry. In a prominent position, according to the country's previous planning, by 2015, the value added of the seven strategic emerging industries will increase to 8% of GDP, and will rise to 15% by 2020.
Luo Baihui, secretary-general of the International Model Association, believes that strategic emerging industries will gradually become the leading force in promoting the development of the national economy in the next five years. The development of these industries will bring tremendous development opportunities to low-voltage electrical appliances, especially mid- to high-end products.
In July 2010, the National Development and Reform Commission and the Energy Bureau officially launched the reconstruction and upgrading project of rural power grids. National Grid plans to invest more than RMB 460 billion during the 12th Five-Year Plan period to focus on solving the weak problems of rural power grids and basically build a new type of rural network that is safe, reliable, energy-saving, environmentally friendly, technologically advanced, and standardized. By 2015, the rural grid power supply reliability rate will reach 99.7%, the comprehensive voltage pass rate will reach 98.5%, and the overall line loss rate will average 6.2%. The transformation of rural power grids has led to the huge demand for low-voltage electrical appliances on the distribution side. The transformation of the rural power grid will support the 2012 low-voltage electrical appliance industry to continue its rapid growth.
In 2012, the real estate industry entered a stage of steady development for the time being, but the construction of affordable housing compensated for the slowdown in the growth of commercial housing construction. According to the plan, during the 12th Five-Year Plan Period, the state will build 36 million sets of affordable housing, and the Ministry of Housing and Urban-Rural Development announced that the construction target for the construction of affordable housing in 2012 will be more than 7 million sets. The construction of affordable housing provides a good market space for cost-effective low-voltage electrical products.
In the domestic market, with the general improvement of user rationality, the weights of low-voltage electrical product quality and performance indicators in demand-sensitive factors have increased significantly, and the market level of price warfare has been increasingly limited, with energy-saving and consumption-reduction as the application orientation. The high-end low-voltage electrical appliances with high technological added value are facing good development prospects and have more significant price advantages.
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