The hottest manufacturing industry may make effort

2022-09-21
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The manufacturing industry used the capital market to "quench thirst" in the second half of the year or made efforts in four aspects

although the sudden epidemic and the world economic recession this year have brought a certain negative impact on China's economy, from the economic operation of the whole first half of the year, a series of restorative growth, including the industrial economy, undoubtedly strongly supported the steady recovery of China's national economy

in combination with the stress test of the manufacturing industry and how to ensure the stability of the industrial chain supply chain, which was mentioned by Xin Guobin, Vice Minister of the Ministry of industry and information technology, in a recent media interview, today we mainly choose the following three perspectives to present readers with a sincere extension of the relevant content

the manufacturing industry quenched its thirst through the capital market

in the face of the serious impact of the epidemic, we have increased efforts to do a good job in the six stability work, implement the six guarantees task, and spare no effort to promote the collaborative resumption of production and production of the manufacturing industry chain. Xinguobin, Vice Minister of the Ministry of industry and information technology, said that with the improvement of the epidemic prevention and control situation and the effect of the package of policies, the operation of the industrial economy is improving month by month

data show that the added value of industries above designated size increased by 3.9%, 4.4% and 4.8% respectively in April, may and June, and the recovery momentum accelerated. More than half of the 41 industrial categories achieved positive growth in the second quarter. The growth rate of added value of equipment manufacturing industry in May and June reached 9.5% and 9.7% respectively, and the production and sales of automobiles increased by 21.9% and 16.4% year-on-year respectively in July. The supply and sales of basic raw materials were stable

Pacific Securities Strategy Analyst Jindalai believes that from the perspective of the manufacturing industry before the animal protection association prosecuted these companies, the restorative growth since the second quarter, in addition to the positive policy level, especially the strong support given by fiscal and monetary policies, the financing assistance provided by the capital market is also extremely important

specifically, according to the statistics of Dongfang fortune choice, as of August 16 this year, according to the industry classification of the CSRC, 186 of the 240 A-share IPOs were manufacturing enterprises, accounting for 77.5% of the number of IPO companies during the year

secondly, from the perspective of refinancing, a total of 230 listed companies' additional issuance plans have been implemented during the year, with a total amount of 7783.78. Among them, 145 are manufacturing enterprises, accounting for 63.04%, with a total fund-raising of 491.109 billion yuan; Moreover, if only from the perspective of the additional issuance plan released this year, excluding the terminated plans and 6 completed plans, there are 557 additional issuance plans in the process of implementation, including 367 manufacturing enterprises; In addition, in terms of the implementation of the rights issue, the total fund-raising amount of 13 enterprises this year was 38.326 billion yuan, and the total fund-raising amount of 6 manufacturing enterprises was 4.12 billion yuan

it is noteworthy that in addition to stock financing, many manufacturing enterprises have further realized their financing needs with the help of convertible bonds and corporate bonds since this year. Only from the perspective of convertible bonds, of the 134 convertible bonds issued this year, 97 were manufacturing enterprises, accounting for 72.39%

zhanglichao, senior researcher of Guosen Securities, said that this year, manufacturing enterprises can not only effectively alleviate the cash flow pressure of low-speed experiments (metals, cement, concrete, etc.) that are beneficial to conventional materials, reduce the cost of corporate debt capital, but also optimize the corporate financing structure through direct financing, refinancing and bond financing in the capital market related to modern agriculture, Expand the living and development space of manufacturing enterprises, which is also the main way for enterprises to obtain long-term funds, and ultimately help the realization of the big cycle pattern

specialized, special, new and individual champion enterprises will be further expanded

ensuring the stability of the industrial chain supply chain is one of the six guarantee tasks. How to ensure the stability of the industrial chain supply chain in the late stage of the epidemic? Xinguobin, Vice Minister of the Ministry of industry and information technology, said that the Ministry of industry and information technology will support large enterprises to lead the construction of innovation system and industrial ecology, focus on cultivating a number of specialized, special and new and single champion enterprises, and build a new industrial cooperation system

pan Helin, executive dean of the Digital Economy Research Institute of Central South University of economics and law, believes that from the perspective of the industry, most of the specialized, special and individual champions are manufacturing enterprises with relatively leading manufacturing processes and production technologies in the industry; From the position of the industrial chain, most of the specialized, special and new and individual champion enterprises are in the middle or lower reaches of the industry, mainly producing intermediate products and final products, with high industrial added value. Therefore, cultivating specialized, special and new enterprises and individual champion enterprises will help to increase the popularity of the industry, attract more consumers' attention, stabilize the production, realize the synchronous design of materials and end products, system verification, batch utilization and supply, and enhance the product demand chain; At the same time, it can also get the favor of capital for the industry and get more capital support, so as to further upgrade the industrial chain

in fact, in the current construction of a new industrial cooperation system, the central and local governments have introduced a number of targeted reward and subsidy measures, including promoting industrial clusters, industrial chain modernization and awarding invisible champion enterprises in the manufacturing industry, and providing support in finance, taxation and finance to guide the overall quality and efficiency improvement of the industrial chain supply chain

Liu Xiangdong, deputy director of the Economic Research Department of the China Center for international economic exchanges, said that from the actual effect, advantageous industrial clusters have been formed around the country, and a number of invisible champion enterprises have been awarded to promote the high-quality development of new domestic products

in Liu Xiangdong's view, specialized special new and individual champion enterprises mainly focus on one aspect of the production process, especially some key parts. Although the overall scale and output value are not high, they are indispensable in the process of industrial chain modernization, with dependence on specific industrial systems, and are greatly affected by the development of the entire industrial system

in the second half of the year or in four aspects

in the face of the sudden epidemic this year, the Ministry of industry and information technology took the lead in establishing a cross departmental work coordination mechanism, sending liaison officers to seven major industrial provinces, focusing on the coordination of key industrial chains, breaking through breakpoints, blocking points and checkpoints, and realizing the basic recovery of production order in a relatively short time. Xin Guobin, Vice Minister of the Ministry of industry and information technology, said in an interview that the next step is to vigorously cultivate and develop strategic emerging industries and strive to improve the basic industrial capacity and the modernization level of the industrial chain

xuguangrui, executive director of Guoxin future Academy of science and technology, said that with the development of technology, the connotation of emerging industries is constantly upgrading and changing. The current emerging industries mainly refer to the emerging industries driven by the new generation of information technology, such as artificial intelligence, big data, cloud computing and so on. From the perspective of the driving force of economic growth, the real economy represented by manufacturing industry has always been the core subject of the formation of social wealth increment, which is exactly the case. The global developed economies have taken manufacturing industry as an important driving force for the new round of economic revitalization, and have put forward plans such as manufacturing return and industrial revitalization. In this process, China has also put forward a series of policies and measures to promote the transformation and upgrading of manufacturing industry and high-quality development, and will take intelligent manufacturing as the main direction to accelerate the integrated development of the new generation of information technology and manufacturing industry

according to the latest data released by the National Bureau of statistics, China's high-tech manufacturing industry has maintained rapid growth, and the output of emerging products has increased rapidly. In July, the added value of high-tech manufacturing increased by 9.8% year-on-year, maintaining a rapid growth of more than 8% for five consecutive months

Ye Yindan, a postdoctoral fellow at the Bank of China Research Institute, believes that the development of emerging industries can inject new impetus into the transformation of old and new kinetic energy and innovative development in China, especially effectively empowering the traditional manufacturing industry, and greatly improving the production efficiency and scientific and technological level of the manufacturing industry

it is noteworthy that since this year, there has been a lot of discussion about new infrastructure. Xin Guobin also pointed out that we should speed up the completion of key core technologies and key parts and components, and speed up the construction of 5g, artificial intelligence and other new infrastructure

in Ye Yindan's view, increasing the intensity and speed of new infrastructure construction will effectively stimulate the demand of the manufacturing industry, so as to expand the demand and promote the resumption of production of the manufacturing industry. On the one hand, the construction of new infrastructure cannot be separated from the investment of various materials, parts, equipment, etc. for example, accelerating the construction of 5g network requires accelerating the laying of 5g base stations, which will effectively drive the production of relevant parts and components of 5g base stations, thus driving the production of upstream and downstream manufacturing enterprises in the relevant industrial chain to accelerate; On the other hand, the accelerated construction and putting into use of new infrastructure will speed up the information transformation of the whole society, stimulate new demand, and drive the production of relevant manufacturing industries. For example, as more 5g base stations are put into use, the range of 5g networks continues to expand and the performance continues to improve, and the demand for 5g will also greatly increase, thereby driving the production of 5g manufacturing enterprises and their upstream and downstream manufacturing enterprises

then, what are the key aspects of manufacturing development in the second half of the year

Xu Guangrui believes that it is mainly concentrated in four aspects: first, strengthen the development of emerging industries; second, vigorously implement the industrial foundation reconstruction project; third, take multiple measures to expand financing channels; fourth, consolidate the early achievements of capacity reduction in traditional industries such as steel, electrolytic aluminum, cement, flat glass and coal, and orderly promote the liquidation of zombie enterprises

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