The investment is not diminishing The aluminum processing industry has entered the era of low profit

Recently, China Non-ferrous Metal Processing Industry Association released statistics on aluminum processing from January to June. From January to June, the number of express reports for the output of aluminum processing materials was 1,821.79 million tons, an increase of 24.58% over the same period of last year. Ma Shiguang, executive vice chairman and secretary-general of the China Nonferrous Metals Processing Industry Association, pointed out that the statistics show that the aluminum market is still very good. It is estimated that the aluminum production in 2013 will exceed 30 million tons.

According to China Nonferrous Metals Industry Statistics Express, in 2012, the country’s output of aluminum processing materials was 30.3955 million tons, an increase of 14.6% year-on-year, and the increase rate was 5.98 percentage points lower than the previous year, which was higher than the 2006-2010 aluminum processing during the “Eleventh Five-Year Plan” period. The average annual increase in material production has dropped by 11%. Ma Shiguang believes that the production capacity of aluminum processing materials, which has been rapidly expanding for more than a decade, has finally slowed down in the context of the central government's transformation of the economic development model. This is in full compliance with the overall requirements of the state for the transition of industries.

According to Ma Shiguang's analysis, according to statistics approved by the National Bureau of Statistics in 2011, the output of aluminum processing materials was 23.52 million tons. Considering the error of express data, the actual output of aluminum processing materials in 2012 should be about 28 million tons. Estimated output of aluminum processing materials by type should be: 10.60 million tons of aluminum flat rolled materials, accounting for about 38% of the total aluminum; aluminum extrusion material 17 million tons, accounting for about 61% of the total aluminum materials, including construction Aluminum 12 million tons, accounting for about 70% of aluminum extrusion materials.

Fixed-asset investment has not been effectively controlled

In 2012, the total investment in fixed assets of the non-ferrous metal processing industry was 234.666 billion yuan, an increase of 44.63% year-on-year, accounting for 42.55% of the investment in the chromochrome industry. According to authoritative reports, the actual investment in the aluminum processing industry was 93.6 billion yuan. At present, the average investment cost of new aluminum processing projects is calculated to reach 4.6 million tons in 2012.) Ma Shiguang believes: “It is a pity that over-prosperous investment has not yet been effectively suppressed.” He said: “This is not a The number of good-looking and exciting figures shows that the existing policy measures are not enough to curb the efficiency of overheated investment. Of course, there are also factors that the large number of projects planned and constructed during the “Eleventh Five-Year Plan” period are under construction.”

From January to June 2013, the total investment in fixed assets of the non-ferrous metal processing industry was 141.476 billion yuan, up 44.55% year-on-year, and 49.70% of the investment in the ferrous metal industry was occupied, which was an increase over the full-year number reported in 2012. In this case, Ma Shiguang warned that he hopes that in addition to projects under construction, new investment must be revisited and carefully entered.

Export situation is not optimistic

In 2012, non-ferrous metals import and export trade totaled 166.413 billion U.S. dollars, an increase of 3.76% year-on-year, an increase of 24.31 percentage points from the previous year; of which imports were 1,491.11 U.S. dollars, down 2% year-on-year; exports were 515.2 U.S. dollars, up 20% year-on-year.

In terms of imports and exports of aluminum materials, in 2012, imports of aluminum were 531,100 tons, down 8% year-on-year, and the amount of imported waste aluminum was 2,959,300 tons, a year-on-year decrease of 3.67%; exports of aluminum were 2.629 million tons, a year-on-year decrease of 5.6%; net exports of aluminum 2.298 million tons of timber, a year-on-year decrease of 5.02%. From January to June 2013, the import and export of aluminum materials did not change significantly compared with 2012.

Ma Shiguang believes that the contradiction between the structure of China's non-ferrous metal processing products and the import and export is still prominent, coupled with the intensification of global trade protectionism, the international market for China's non-ferrous metal import and export trade friction incidents, the overall export situation is not optimistic. Under the situation that the import and export trade of aluminum materials is generally inactive, the decrease in the import volume of aluminum materials is relatively large. This partly explains that the effect of technological progress in aluminum processing in China is gradually showing up, and it relies on the high-precision products of developed countries. The degree has declined.

Aluminum processing industry enters the era of low profit

From January to May 2013, the economic performance of China's nonferrous metal processing industry was generally good. From the statistical data, 4564 processing enterprises above designated size realized main business income of 848.55 billion yuan, an increase of 18.3% year-on-year, accounting for 47.1% of the main business income of non-ferrous metal industrial enterprises above designated size; realized profits and taxes of 40.01 billion yuan, a year-on-year increase of 12.5 %, accounting for 46% of profits and taxes of non-ferrous metals industrial enterprises above designated size; profits and taxes of 26.23 billion yuan, an increase of 12.4%, accounting for 53.9% of profits of non-ferrous metals industrial enterprises above designated size. The profit rate of main business income of processing enterprises was 3.1%, which was 0.1% lower than the same period of last year. The profit rate of assets was 5.9%, which was 0.3% lower than the same period of last year.

Ma Shiguang believes that the main reason for the low efficiency of the aluminum processing industry is the increase in processing costs. The overall increase in raw materials, energy, labor, and environmental costs has caused most aluminum processing companies to erode on the edge of profits and losses, and their losses have continued to expand. The profitability of enterprises has seriously affected its sustainable development. Therefore, it is imperative to transform the mode of economic development, research and development of new products, upgrade product quality and added value, and improve the quality of economic operation. It must arouse the attention of enterprises.