Jiangsu valve industry will have a bumper harvest in 2021

Recently, it was learned that the production and sales of Jiangsu valve industry in 2021 will be booming, the total industrial output value and industrial sales output value will increase by nearly 20% year-on-year, and the economic benefit will increase by about 10%
.

According to incomplete statistics, in 2021, the total industrial output value of the valve industry in Jiangsu Province will be 23.
441 billion yuan, a year-on-year increase of 19.
81%; the industrial sales output value will be 22.
831 billion yuan, a year-on-year increase of 19.
58%; the total profit will be 1.
675 billion yuan, a year-on-year increase of 10.
67%
.
It is worth mentioning that the export delivery value of Jiangsu valve industry in 2021 will reach 2.
208 billion yuan, a year-on-year increase of 21.
9%
.
"In the first half of 2021, orders from valve companies surged, and they stabilized in the second half of the year
.
" Sheng Genlin, secretary-general of the Jiangsu Valve Association, said in an interview with reporters that some foreign trade companies' revenue has also turned negative, with varying degrees of recovery growth.

.

The Secretariat of Jiangsu Valve Association has counted the 2021 annual economic indicators of 98 major key member companies (including valve manufacturing companies and their supporting foundry, electric actuators, seals and other companies)
.
The data showed that 85 industrial output value increased year-on-year, while 13 decreased
.
Among them, Aiken (Jiangsu) Industrial Technology Co.
, Ltd.
achieved a total industrial output value of 111 million yuan, a year-on-year increase of 283.
7%, ranking first; Lanpa Control Valve (Jiangsu) Co.
, Ltd.
278 million yuan, an increase of 110% year-on-year, ranking second; Suzhou Antway Valve Co.
, Ltd.
has 580 million yuan, a year-on-year increase of 58%, ranking third
.
There were 86 companies whose industrial sales output value increased year-on-year, while 12 companies declined
.
Aiken Technology achieved a sales output value of about 103 million yuan, a year-on-year increase of 290%, ranking first; Lanpa valve 255 million yuan, a year-on-year increase of 110%, ranking second; Antway valve 550 million yuan, a year-on-year increase of 62.
7%, ranked third
.

In terms of total profit, 77 companies increased year-on-year and 21 decreased
.
Among them, Aiken Technology, which has the largest increase, achieved a profit of 12.
33 million yuan, an increase of 807% year-on-year; Lanpa Valve increased by 137% year-on-year, ranking second
.
"At the same time, it should be noted that in 2021, a series of difficulties such as repeated epidemics, price increases of raw materials, and power cuts have led to a sharp increase in product costs.
Many companies' valve products will remain at the original price and their profits will drop by about 1/3 year-on-year, so the economic benefits are not high.
Increase
instead of decrease.
" Sheng Genlin said
.

Sheng Genlin told reporters that there are two main reasons for the great harvest of Jiangsu valve industry in 2021
.
One is the recovery growth after a sharp decline due to the impact of the epidemic; the other is that due to the impact of the epidemic, the imported valves originally planned to be used in many domestic projects could not be delivered, and domestic products could only be selected instead, which also gave domestic valves an opportunity to expand their application
.
He said: "As far as we know, many domestic valves have received good feedback after replacing imported applications
.
However, under certain special conditions, users can only choose imported high-end valves
.
The road to high-end domestic valves will continue to go
.
"

Sheng Genlin also said that in view of the relatively full orders of major companies, the industry is expected to continue its growth trend in the first half of 2022, but the development trend in the second half of the year is still unknown
.