China Agricultural Machinery Demand Keeps Gaining Traction, States CRI in Its In-demand Report Published at MarketPublishers.com10 Apr 2017 • by Natalie Aster
LONDON – In 2016, the agricultural machinery total power in China amounted to 1.144 billion kw, growing by 2.4% year-on-year. The composition of equipment kept on improving. In 2016, key makers of agricultural machinery manufactured 980,927 tractors in total, down by just over 10.25% as against 2015 and 106,927 harvesters, down by 4.53% over 2015. The sales of drying machinery and animal husbandry machinery saw a substantial increase.
By 2016-end, the reserve volume of leading engineering machinery products reached 7 million. As of 2015, the domestic engineering machinery industry decreased from the level of 2014, achieving around USD 66.2 billion in revenue. Taking advantage from massive investments in real estate and infrastructure, the sales revenue of key engineering machinery products and diggers both grew year-on-year.
In the offing, the demand for agricultural machinery is expected to keep on gaining traction on account of the enhanced level of corporate farming. Increased government investment in fixed assets is also poised to propel the demand for engineering machinery and heavy trucks.
In-demand research report “A-Share Listed Agricultural Machinery, Engineering Machinery and Heavy Truck Companies - Profiles and Financial Data” elaborated by CRI provides an insightful analysis of 50 agricultural machinery, engineering machinery and heavy truck makers listed in the Chinese A-share market.
The study presents granular profiles of the enterprises, in tandem with casting light on the operation status of these companies from 2006 up to 2016. The operation status is reviewed from the perspectives such as financial indexes; indexes on the cash flow statement (operating profit, revenue, net income, and EBIT); indexes on the income statement; indexes on the balance sheet (liquid and fixed assets, current and non-current liabilities, shareholders' equity, etc.).
More in-demand reports elaborated by CRI can be found at this catalogue.