From the perspective of various sub-sectors, the sales output value of construction machinery in the first two months of 2013 was 63.696 billion yuan, a year-on-year increase of -12.59%, and the growth rate was about 14% lower than that in 2012; the sales output value of the domestic machine tool industry was 110.723 billion yuan , An increase of 11.34% year-on-year, the growth rate dropped by about 1% compared with 2012; the sales output value of the domestic heavy mining machinery industry was 135.176 billion yuan, an increase of 9.73% year-on-year.
Compared with the forecast we made in the fourth quarter of 2012, it can be said that the recovery of the strong cycle industry in the first two months is far less than expected. It is expected that the recovery of the strong cycle industry in the next 3 to 6 months will continue to be difficult. The sales output value of electrical appliances in the first two months of 2013 was 0.61 trillion yuan, a year-on-year increase of 11.79%; the domestic power supply construction completed investment of 38.5 billion yuan in the first two months, a year-on-year increase of -14.5%, and the bright spots of power equipment decreased. The rapid recovery of railway investment since the second half of 2012 has become one of the factors driving the weak economic recovery, but the revocation of the Ministry of Railways will have an adverse impact on railway investment in the short term.
Although we have far exceeded our expectations for the degree and duration of economic transformation in the past two years, in the future we will still strive to find those dynamic new areas and the ability to sustain growth and room for growth in the context of this difficult transformation. s company. To maintain the industry's optimistic rating, the risk is that the economic adjustment lasts longer than expected.