From Shandong Machinery Industry Association, noted that the province’s machinery industry in 2010 transferred the process to maintain a high growth rate, the machinery industry to further improve the quality of economic operation, sales revenue, industrial output, tax, profits of several major economic index, second only to Jiangsu, in the same industry in second place.

Statistics show that, as of the end of 2010, the province’s 10,390 large-scale machinery has assets of 890.131 billion yuan of industrial enterprises; sales income of 1.627536 trillion yuan, an increase of 33.33%; profits and taxes total 169.139 billion yuan, an increase of 40.49%; of which a total profit of 1136.11 billion yuan, up 44.24%; exports 17.79 billion U.S. dollars, up 43.71 percent; enterprises suffered losses totaling 1.319 billion yuan, down 25.22%; loss of 5.71%, down 0.89 percentage points.

In terms of industries, twelve industry sales, gross profit continued to maintain a comprehensive two main indicators of growth rate has reached double digits. Industry-wide sales increase of more than average increase in five industries: automotive industry increased 41.41%, 50.24% growth in construction machinery industry, the machine tool industry growth of 43.22%; machine parts industry growth 35.40%, other civil machinery industry increased 34.32%; total profit increase of more than average increase in the industry has three sectors: the automotive industry increased 62.25%, 65.99% growth in construction machinery industry, the machine tool industry growth of 55.41%.

Agricultural machinery, engineering machinery, machine tools, electrical appliances, automobile industry in the five key points, sales and efficiency indicators of automobile, engineering machinery, machine tool industry increased considerably year on year, significantly stimulating effect on the entire industry. Five key sub-industry sales, agricultural machinery industry, ranking first in the country to continue, engineering machinery, machine tools and automobiles in second place, third place electrical appliances.

Sales of 10 enterprises exceeded 100 billion yuan, Shandong Heavy Industry Group, more than 1,000 billion yuan. Among them, Weichai 86.8 billion, profits of 9.4 billion; China Heavy Truck 80.4 billion yuan, profit 3.5 billion; when the wind Group 23.6 billion, profits of 838 million yuan; FAW Qingdao Automobile 23.37 billion yuan, profits of 673 million yuan; Fukuda Zhucheng vehicle 21.0 billion, profits of 1.38 billion yuan; Shanghai GM Dong Yue Motors 150 billion yuan, profit of 1.04 billion yuan; Fukuda Lovol 14.2 billion and profits 330 million yuan.

2010 completed 293.42 billion yuan investment in technological reform, an increase of 35.8%, accounting for 38.2% of the province’s industry, a large number of good projects large projects into production, enabling the provinces to promote the rapid development of machinery industry and structural adjustment.