6300 exclusive analysis of the password for the report of the two sessions: the construction machinery industry embraces the new year of prosperity
6300 exclusive analysis of the password for the report of the two sessions: the construction machinery industry embraces the new year of prosperity
www.63 is manifested in: 1. Weak innovation ability and technology development ability; On March 5, the second session of the 13th National People's Congress was grandly opened in the Great Hall of the people. The premier of the State Council issued a report on the work of the government, summarizing the achievements of the past year and planning the work arrangement for the new year. Faced with the "complex and severe situation at home and abroad, which is rare for many years, and new downward pressure on the economy", this year's report issued the largest tax reduction and fee reduction measures in recent years. More than 80% of the tax reduction was reflected in the manufacturing industry, revealing the national policy guidance of stabilizing the overall situation of the manufacturing industry and maintaining the confidence of enterprises, bringing a series of benefits to the industry. What good news and requirements will the ongoing two sessions bring to the construction machinery industry? As a big influencer of the media in the construction machinery industry, founded in 1999, China Construction Machinery Information () provides you with a detailed analysis of the reports of the two sessions
I. the manufacturing tax rate was significantly reduced to 13% to reduce the burden on enterprises
according to the report of this conference, the most direct and most obvious impact is the large-scale tax reduction, "reducing the current 16% tax rate in manufacturing and other industries to 13%, and reducing the current 10% tax rate in transportation and construction industries to 9%... Ensuring that the tax burden of all industries is reduced but not increased", which exceeds the expectations of all parties. It must be noted that the State Council has reduced the value-added tax rate of manufacturing and other industries from 17% to 16% in May of the previous 18 years, and the value-added tax rate of transportation, construction, basic telecommunications services and agricultural products from 11% to 10%. The further substantial reduction of value-added tax also constitutes the main axis of "reducing the burden of corporate tax and social security payment by nearly 2trillion yuan in 2019", which is larger than the 1.3 trillion yuan in 2018, bringing significant benefits to the construction machinery industry
we can make an account. If the tax inclusive price of the product terminal remains unchanged, assuming that the gross profit margin is 20% and the raw materials account for 80% of the operating cost, the sales revenue of 86.21 (=100/1.17) yuan can be recognized for every 100 yuan sales contract before the VAT rate is reduced; After the tax rate is lowered, the sales revenue can be recognized to increase to 88 yuan of accelerator jc477 ⑼ 2.50 (=100/1.13) for shotcrete, and the gross profit margin will increase by about 2.65%; Assuming that the expense rate remains unchanged and considering the corporate income tax of 25%, theoretically, the net interest rate of enterprises will be increased by 1.99%, which is obviously good; If the tax inclusive price of the product is reduced synchronously with the tax rate, it will not have a direct impact on the profits. However, the decrease in value-added tax will increase the cash flow, improve the business condition of the enterprise, and provide more space for price reduction and promotion
in addition, the report also puts forward three major measures to reduce the burden of enterprises, directly attacking the main burden of enterprises:
(1) reduce the electricity charge of industrial enterprises, which are large power users: "deepen the reform of power market, clean up the surcharge on electricity price, reduce the power cost of manufacturing industry, and reduce the average electricity price of general industry and Commerce by another 10%."
(2) reduce the social security payment burden of enterprises: "the payment proportion of basic old-age insurance units for urban workers will be reduced to 16% in all regions."
(3) simplified examination and approval: "accelerate the implementation of one-stop operation and remote operation, so that more matters can not be handled. If it is really necessary to go to the site for handling, it should be 'handled at one window and completed within a limited time' and 'run at most once'
II. Speed up the" railway infrastructure "and expand the infrastructure investment
(I) return the railway investment to the 800billion level, and accelerate the investment in the infrastructure artery in Western China
as the troika driving China's equipment manufacturing industry, "Tiegongji" investment has again received the government's attention this year. The report points out that in 2019, China will "complete the railway investment of 800billion yuan, highway and water transportation investment of 1.8 trillion yuan, start a batch of major water conservancy projects, and speed up the planning and construction of Sichuan Tibet Railway". Compared with the 18-year plan, the railway investment will increase by 9.3%, return to the investment level of 800billion yuan, and the highway investment will be flat
in fact, the original plan for the 18 year work report was 732billion yuan, the lowest planned investment since 2014; However, last year, the domestic passenger and freight traffic volume increased significantly and the elimination and upgrading of equipment accelerated, effectively driving the investment in various infrastructure and equipment. The investment in railway fixed assets in the whole year was 802.8 billion yuan, which has returned to the investment level of 800billion yuan. With the changes in the domestic and international economic situation since the second half of the year, the government has also correspondingly increased the amount of railway planned investment. Once again, based on 800billion yuan, it will undoubtedly contribute to the booming trend of the construction machinery industry in the past 17 and 18 years and create another brilliant future. China's plastics machinery industry will increase by more than 12% on average every year.
from the perspective of new railway mileage, in 18 years, China's "new high-speed railway operation mileage of 4100 km" has slowed down compared with the "high-speed railway operation mileage increased from more than 9000 km to 25000 km" in 17 years. However, considering that China's high-speed railway operation mileage accounts for two-thirds of the world, this year's continuous new mileage is a great achievement
in terms of exploring the western market, the 19 year report proposed to "accelerate the planning and construction of Sichuan Tibet Railway", which echoed the 18 year plan to "continue to tilt major infrastructure construction towards the central and western regions". As a key project of the national 13th five year plan, the Sichuan Tibet Railway with a total investment of 270billion yuan is the representative of major infrastructure projects in the central and western regions. In fact, the Sichuan Tibet railway has been ready for construction of the whole line for 18 years. However, due to the great importance of the project, the relevant departments have to study it again and again. At the two sessions this year, luchunfang, academician of the Chinese Academy of engineering, said that the Sichuan Tibet railway is expected to complete the feasibility study this year, "if it is fast, some projects can be started". If this artery connecting the central and western regions is successfully completed, it will be of great significance to the industrial economy and the people's livelihood. During his inspection in the middle of last year, the premier pointed out that the Sichuan Tibet Railway "will bring huge economic and social benefits. It is an effective investment project that we have already identified and will build sooner or later. The infrastructure construction in the central and western regions lags behind, so we should speed up to fill this gap." It is expected to drive more infrastructure investment and construction in the West and release the huge potential of the western industry market
(II) highway toll collection: in terms of speed increase and efficiency increase
highways, in the past 18 years, "more than 6000 kilometers of newly built and reconstructed expressways and more than 300000 kilometers of rural roads" have been built; Compared with 17 years ago, "the mileage of expressways increased from 96000 km to 136000 km, and 1.27 million km of newly built and reconstructed rural roads" also slowed down. The highlights of this year's report are:
"We will deepen the reform of the toll road system, promote the reduction of road and bridge tolls, and curb unreasonable approvals for passenger and freight vehicles, as well as arbitrary charges and fines. Within two years, we will basically abolish provincial toll stations for national highways, such as the tensile test of woven bags, the tensile test of rubber, and metal materials. We will achieve rapid toll collection without stopping, reduce congestion, and facilitate the masses. We will cancel or reduce a number of railway and port tolls. We will specifically address intermediary services Charges. We will continue to clean up and standardize administrative fees. We will speed up the construction of a "single" list of charges, make charges open and transparent, and make arbitrary charges nowhere to hide. "
compared with the concise description of "deepening the reform of toll road system, reducing the cost of crossing roads and bridges, and increasing the efforts to clean up and rectify intermediary service charges" in the past 18 years, this year's report undoubtedly contains a lot of details, in particular, it clearly sets a time line for the abolition of provincial toll stations on expressways, speeds up the passage of vehicles, and emphasizes the openness, transparency and administrative convenience of toll collection, which shows that the central government attaches importance to this issue
(III) financing support: never "new officials ignore old accounts". A blueprint drawn to the end
matches the accelerated "tiegongji". The report follows the above infrastructure investment, Specifically:
"We should innovate project financing methods, appropriately reduce the proportion of capital in infrastructure projects, make good use of development financial instruments, and attract more private capital to participate in the construction of projects in key areas. We should implement private investment support policies, and orderly promote cooperation between the government and social capital. The government should take the lead in upholding integrity and abiding by contracts. New officials must not ignore old accounts. More than half of the arrears owed to enterprises must be paid off by the end of the year, and new delays must not be allowed Owe. "
never "new officials ignore old accounts", which is the focus of media reports on the two sessions; For construction machinery enterprises, it is a different taste. Over the past 16 years, the state has vigorously promoted government social capital cooperation (PPP) projects to encourage private capital to participate in the construction of major projects, with a view to maintaining high growth in infrastructure investment. However, in the operation of the current local system, the great leap forward PPP has evolved into various strange phenomena: the completed contracts are not recognized, and projects with uncertain profit prospects are launched one after another; Most projects are settled in state-owned enterprises, but require private enterprises with the characteristics of "short, smooth and fast" to make long-term investment; In most projects, private enterprises can only be in the position of equity participation, which is a small talk. As a result, PPP can only be evolved into a new financing platform, constantly raising the debt level of enterprises and local governments, and brewing social contradictions
in fact, "the government should take the lead in upholding integrity and abiding by contracts, never 'new officials ignore old accounts', pay off more than half of the arrears to enterprises by the end of the year, and never allow new arrears to be added", which is a reaffirmation of the executive meeting of the State Council at the beginning of the year. At that time, the central government clearly required "to intensify efforts to clear up the accounts of small and medium-sized private enterprises in arrears, and strive to pay off more than half of the arrears that have been confirmed for many years by the end of the year by the national government departments and large state-owned enterprises; central enterprises should take the lead in paying off the overdue debts to private enterprises, and achieve zero arrears by the end of the year." "The new bonds of local governments should be used to repay the arrears first, and the interest expenses saved by the local government financing platform by issuing bonds or other financial instruments to replace the existing debts should be used to pay off the debts." In this report, the central government repeated the above statement again, which shows that the government attaches great importance to this issue, put an end to the strange phenomenon of "people come to political reform and people go to political interest" from the perspective of administrative norms, draw a blueprint to the end, and create a stable and predictable business environment for enterprises
III. structural challenges of the industry: it is not easy to break the situation and move forward bit by bit
in addition to the above major measures that directly affect the construction machinery industry, the report also has some contents that affect the long-term development of the industry. For example, the paragraph on vocational skills education put forward:
"implement the action of vocational skills improvement, and take 100billion yuan from the balance of unemployment insurance fund for more than 15million employee skills improvement and job transfer training." "We will reform and improve the examination and enrollment methods for Higher Vocational Colleges... This year, we will expand the enrollment of 1million people on a large scale. We will expand the coverage of awards and scholarships for higher vocational colleges, raise the subsidy standard, and speed up the exchange of academic certificates and vocational skill level certificates. We will reform the school running system of Higher Vocational Colleges and improve the quality of schools. The central government will substantially increase investment in higher vocational colleges, and local governments will also strengthen support. We will set up national scholarships for secondary vocational education."
vocational education in the construction machinery industry is a long-standing problem. The industry takes the path of school enterprise cooperation, and there are also people who run their own colleges; However, in the face of the country's mandatory assessment on graduation, employment, certificates, professional titles and so on, college education is almost a mere formality, resulting in Teachers' lack of enterprise experience and students' lack of practical operation. This structural problem can not be solved by the idea of increasing investment and "there must be brave men under heavy rewards". For enterprises, the current main