The Executive meeting of The State Council held on May 11 reviewed and adopted the "Action Plan for Digital Transformation of the Manufacturing industry". The conference pointed out that the digital transformation of the manufacturing industry is an important measure to promote new industrialization and build a modern industrial system.
The Executive meeting of The State Council held on May 11 reviewed and adopted the "Action Plan for Digital Transformation of the Manufacturing industry". The conference pointed out that the digital transformation of the manufacturing industry is an important measure to promote new industrialization and build a modern industrial system.
In recent years, listed companies in the manufacturing industry have continuously promoted digital transformation, upgraded service products, improved operating efficiency, reduced production costs, and improved profitability. The digital transformation of listed manufacturing companies is of great significance to promoting new industrialization and building a modern industrial system.
"At present, the digital transformation of listed manufacturing companies is entering a critical stage of deepening and strengthening, forming multidimensional support in terms of policy system, industrial practice, technological innovation, market expansion, etc., which has injected strong impetus into the cultivation of new quality productivity and new industrialization." Song Xiangqing, vice president of China Association of Business Economics and founder of Huade List, told Securities Daily.
The digital transformation has achieved remarkable results
Digitalization and intelligence are important directions for the high-quality development of manufacturing companies, and are also the focus of transformation and upgrading of listed manufacturing companies.
In recent years, the digital transformation of listed manufacturing companies has achieved remarkable results, driving the performance of related companies to improve. Zhu Kri, executive director of the China Information Association and founding director of the National Research Institute of New Economy, said in an interview with the Securities Daily reporter that, first of all, the digital transformation of listed manufacturing companies can significantly improve production efficiency and flexibility to meet personalized needs; Secondly, the application of digital technology can reduce production costs and improve profitability; Moreover, digital transformation helps enterprises innovate and promote product upgrading; Finally, digital transformation can enhance a company's brand image and market competitiveness.
According to Wind data statistics, as of May 13, there were 3,618 listed manufacturing companies in A-shares, with A total operating income of 27.9 trillion yuan in 2023, an increase of 3.22%. R&d expenditure totaled 1.2 trillion yuan, up 9.28 percent year on year.
"The R&D expenditure of listed manufacturing companies in 2023 increased by 9.28% year-on-year, reflecting the active investment of listed manufacturing companies in digital transformation." Zhu said that the production efficiency improvement, cost control optimization and product quality improvement brought about by digital transformation are directly reflected in the financial data and market performance of relevant companies.
For example, Jinpan Technology achieved operating income of 6.668 billion yuan last year, an increase of 40.5%, and realized net profit attributable to shareholders of listed companies of 505 million yuan, an increase of 78.15%. The company said that 2023 performance growth, on the one hand, thanks to the increase in operating income, on the other hand, thanks to the control of costs.
"The Company continued to promote digital transformation, and through continuous improvement of digital manufacturing capabilities, reduced unit manufacturing costs and administrative expenses, sales gross margin increased, administrative expenses as a percentage of sales decreased, and further improved net profit attributable to the owner of the parent company." Jinpan Technology said.
Digital transformation also helps enterprises to open overseas markets and enhance global competitiveness. For example, Zoomlion, an equipment manufacturing company, said that in 2023, the company's overseas market expansion has achieved remarkable results. The company continues to deepen the "end-to-end", "digital" and "localized" overseas business system, deeply promote the construction and layout of outlets, continue to improve the overseas business operation control system, continue to strengthen the overseas support system of the business unit, and accelerate the expansion and upgrading of overseas R & D and manufacturing bases. The company's sales network, service quality, brand awareness, user reputation and so on continue to improve worldwide.
We will improve and upgrade the industrial structure
The digital transformation of listed manufacturing companies not only helps to improve the quality of the company's operation, but also plays an important role in promoting new industrialization and building a modern industrial system.
Zhu Kri said that through digital transformation, listed manufacturing companies can improve the modernization level of industrial chain and supply chain and promote the optimization and upgrading of industrial structure. At the same time, the technological innovation and achievement transformation of listed manufacturing companies will drive the technological progress and industrial upgrading of the entire industrial chain. In addition, listed manufacturing companies can also improve product quality and added value through digital and intelligent transformation, enhance international competitiveness, and make greater contributions to high-quality economic development.
The capital market also provided more support for the transformation and upgrading of the manufacturing industry. At the end of 2023, the Ministry of Industry and Information Technology, the CSRC and other eight departments jointly issued the "Guidance on Accelerating the transformation and upgrading of traditional Manufacturing Industry" proposed that the role of multi-level capital markets should be played to support eligible traditional manufacturing enterprises to carry out technological transformation or increase R&D investment through various financing methods such as stocks and bonds, and achieve transformation and upgrading through mergers and acquisitions.
Manufacturing listed companies have obvious advantages in digital transformation. Song Xiangqing said that the listed companies in the manufacturing industry have strong capital strength and refinancing ability, which can provide sufficient capital support for the transformation; With a solid management and technical team, can provide enough talent support for the transformation; The industrial foundation with the deep integration of digital economy and real economy can provide sufficient industrial chain and supply chain support for the transformation.
According to Wind data statistics, as of May 13, this year, manufacturing enterprises through the capital market to achieve equity financing of 65,341 billion yuan, of which, the initial financing of 19.773 billion yuan, private placement financing of 38.988 billion yuan, convertible bond financing of 6.579 billion yuan.
Talking about how to accelerate the digital transformation of listed manufacturing companies in the next step, Song Xiangqing said that, first of all, strengthen the deep integration of manufacturing information, industrialization and international marketization, and promote a number of new business forms, new models and new services. Secondly, to promote the deep integration of the new innovation-driven system and the modern industrial system, according to the diversified, intelligent, personalized and standardized needs of the manufacturing industry, in-depth mining of typical products, typical scenarios and typical markets, and forming a strategic key layout with industry leadership. Finally, accelerate the research of core technologies in key areas and the promotion and application of achievements, break through institutional or technical obstacles such as equipment networking, protocol mutual recognition, standard formulation, and platform construction, and accelerate the cultivation of new quality productivity.
