Instrumentation Quotes

According to the national new national economic classification standard, the instrumentation industry has 20 sub-categories, which are generally classified according to application or technology. However, it is sometimes difficult to distinguish between technical classifications and applied classifications. Therefore, the 20 more complicated classifications can be simply classified into 4 categories.

First, industrial automation instruments and control systems. This is generally referred to as PA, FA.PA in foreign countries, and the FA is called factory automation. Instrumentation and control systems used in process automation and factory automation fall into this category, and some parts of analytical instruments and electrical instrumentation also fall into this category.

Second, scientific test equipment. It is an analysis instrument, a testing machine, an optical instrument, a surveying and mapping instrument and so on. The first type of instrumentation is used on the production line and is connected to the production line. The scientific test equipment is independent. It just takes the samples to the laboratory for testing. Therefore, it is very different from the first category.

Third, commonly used instrumentation. This mainly refers to supply instruments and other general-purpose instruments. The national standard for application instrumentation was only brought out two years ago. We also have a lot of contacts on weekdays, such as household electric meters and gas meters. There are also some commonly used we have also drawn it out into this category, like scales, medical instruments, timing instruments and some commonly used optical instruments.

Fourth, special instrumentation. This category is actually used exclusively for a certain area. For example, the instruments used in automobiles and motorcycles will rise quickly. There will be automobile meters, motorcycle meters, etc., and as such, it can also be extended to such fields as agriculture, forestry, animal husbandry, fishery, etc. .

Current market situation

In the 13 industries of the machinery industry, instrumentation does not belong to the industry with the highest growth rate. No increase in construction machinery or automobiles in the first two years is more than 20% in the past two years, and no more than 30%. However, for instruments and meters Already fast. Under normal circumstances, the annual growth rate of instrumentation is between 7% and 7.5%. The first two years of instrumentation in the international developed countries is not very booming, the general growth rate of 3%, we increase 10% to 14% is not slow.

In the past two years, influenced by the macro economy, the growth rate of the instrumentation industry was between 20% and 25%. In the first half of this year, sales revenue increased by 24.9%, and total industrial output value increased by nearly 20%. This is a comparison for instrumentation. High growth rate. However, it can be seen that the growth rate has decreased compared with the previous two years. Judging from the operating status of the entire industry, most companies still feel that their days are relatively good, and major companies have not yet felt the impact of macro-control.

However, from the perspective of digital analysis, we can feel that in the macro-control environment, the industry has signs of slowing down. In general, the growth rate of industrial output value and the growth rate of sales revenue are very close, and it is normal to see which one is slightly higher or lower. However, if the total industrial output value and sales revenue deviate relatively large, for example, in the first half of this year, the total industrial output value in the first half of the year is several percentage points lower than the sales revenue, which means that the sales revenue is not reduced sharply, and some plant inputs begin to decrease. Otherwise, there will be no decline in the total industrial output value. The continuous decrease in the total industrial output value and deviated from the growth rate of sales revenue is relatively large, and it has already been explained that it has begun to be affected by macro-control.

The coverage of the instrumentation industry is very wide, and the proportion of automotive instrumentation in the entire industry is less than 7%, which will not have a great impact on the entire industry. In recent years, the power station's instrument demand is very large and the order quantity is sufficient. Last year, people who made SARS with infrared thermometers were also examples. Therefore, instrumentation is an industry with a wide coverage, and from this point on, growth is easily flattened. The time of growth is not the top 3, and the decline is certainly not the top 3.

Of course, the growth rate of instrumentation is not very fast. There is also a special reason in our country that the price of materials will rise. For other products, the proportion of materials in the entire product is relatively large. When the prices of materials increase, the whole price will follow. However, the factor of material price increase is quite low in instrumentation. In high-tech instrumentation, the cost of materials and original devices only accounts for less than 30% of the total product, mainly because of the factors of scientific research including other labor factors, and not in materials.

Another feature of instrumentation is that the deficit is relatively large, and it is the largest deficit among the 13 industries in the machinery industry. It is estimated that China's entire market will have a capacity of about 200 billion yuan this year, and the current import amount is US$5.71 billion, accounting for more than 40%; the export value for the first six months of this year is US$1.74 billion, which accounts for 1/4 of the industry's total output value. The deficit for the first half of the year was nearly 4 billion U.S. dollars, and it is estimated that it will exceed the deficit of 8 billion U.S. dollars by the end of this year.

One accounted for 40% of the total market capacity, and one accounted for 1/4 of the entire production of domestic companies including foreign-funded enterprises. Therefore, the development speed of imports and exports will have a great impact on the entire industry and on development investment.

Instrumentation industry investment characteristics

Judging from the economic type structure of enterprises in the industry, the sales revenue of state-owned enterprises has fallen below 15% in the first half of the year, foreign-funded enterprises have exceeded 50%, and private enterprises accounted for 35%. From here, it can be seen that the instrumentation industry is in the entire electromechanical industry, which has undergone rapid restructuring and transformation. A considerable number of state-owned enterprises have already become privately owned.

In addition, foreign-funded enterprises are also very active in China. Many well-known foreign multinational instrument companies invest in China, or expand production. In the past two years, the investment of foreign-funded enterprises did not exceed that of private enterprises. From the first half of this year, the investment of foreign-funded enterprises exceeds that of private enterprises, which is still relatively large. The positive increase in investment by foreign-funded enterprises shows that foreign investors are very optimistic about the prospects of the Chinese market.

In general, the instrumentation industry has three investment characteristics: a relatively high profit margin; a small initial investment, a high sustainable investment; and a variety of product categories and investment operating differences.

The average profit rate of instrumentation is 0.6% higher than the average profit rate of the machinery industry, and it is the same in the world. When a mature instrumentation product or enterprise is in a mature rising period, its gross profit margin is 40% internationally. For example, now that the price of oil has risen, the amount of oil is more accurate when it is measured. Our meter at the gas station will not exceed 0.5% accuracy, but the 300,000-ton tanker arrives in our country with an accuracy of 0.1%. The 0.1% metered oil meter is generally called a mass oil meter. When this product matures, the profit rate exceeds 50%.