Analysis of Machine Tool Situation in January-June 2010

The “Analysis of the Operation of the Machine Tool Industry from January to June in 2010” organized and organized by the China Machine Tool Industry Association was recently held. Since the first half of 2010, the domestic and international economic environment has been complex and changeable. The government has persisted in implementing a package plan to deal with the impact of the international financial crisis. It has targeted and strengthened macro-control, actively promoted the transformation of economic development mode and structural adjustment, and achieved GDP growth rate 11.2%, the national economy continues to develop in the expected direction of macro-control.

The overall production and sales of the machine tool industry are booming. Although there are slight fluctuations in various economic indicators, there is a large increase. In the face of complex and ever-changing domestic and international situations, the current irrational structure of the machine tool industry and weak product competitiveness have become the biggest obstacles to the healthy development in the future.

The operation analysis report announced the completion of various economic performance indicators for the machine tool industry from January to June 2010.

In the first half of the year, the total industrial output value was 242.42 billion yuan, an increase of 41.4% year-on-year. The sales value of product sales was 235.87 billion yuan, a year-on-year increase of 42.0%. The realized profit was 10.91 billion yuan, a year-on-year increase of 78.5%. In the first half of the year, the gold-cutting machine tool industry achieved a total industrial output value of 57.21 billion yuan, a year-on-year increase of 31.7%. The output of gold-cutting machine tools was 338,209 sets, among which the output of CNC machine tools reached 94,519 sets, which was a year-on-year increase of 25.8% and 52.2% respectively. The gold-cutting machine tool industry realized a profit of 2.27 billion yuan, a year-on-year increase of 68.3%.

The report analyzes the economic performance of the machine tool industry in the first half of the year with a lot of space, mainly involving production and sales, product structure changes, import and export, and operating quality and efficiency.

From the statistical data of key companies, the orders for certain heavy machine tools have started to decline since the first quarter. It can be expected that the growth of market demand will slow down in the second half of the year.

In terms of product structure adjustment, the pace of the first half of this year has slowed down significantly, which is related to the cumulative outburst effect of investment caused by the economic improvement. However, we must clearly see that the high demand for certain low-end products is temporary. The accumulated investment energy in the market has basically been released, and rational demands are gradually returning, and structural adjustment will remain the top priority.

In the first half of the year, the total value of machine tool exports was US$3.11 billion, a decrease of 7.1% from the same period in 2008. The product structure of the industry's exports is constantly changing, and the trend is not optimistic. The unit price of metal processing machines has dropped significantly. The Indian market has grown rapidly and for the first time it has become China's largest export market for metal processing machine tools. The investment boom driven by the domestic economic stimulus plan continued to drive a significant increase in imports of machine tool tools. In the first half of the year, imports increased by 12.7% compared with the same period in 2008. It is worth noting that the imports of cutting tools, machine tools, and machine tool components continue to maintain a high-speed growth in the machine tools, which increased by 138.0%, 81.9%, and 78.7% year-on-year in the first half of the year.

This is mainly due to the rapid expansion of the domestic machine tool market in recent years, and it is difficult to meet domestic demand for high-end tools and components. In spite of the rapid development of the domestic functional component industry, it is still lagging behind the number and growth rate of imported functional components and the speed of development of domestic metal processing machine tools. At present, the impact of such a large-scale import on domestically-developed functional components companies is obvious, and even restricts their survival and development.

In the analysis of the management quality and benefits, the analysis of the four indicators of current assets turnover rate, input-output ratio, energy consumption per million output value, and output value profitability of 117 representative enterprises was conducted to determine the use of funds by enterprises. Total asset value, energy consumption status, and output value profit status. It can be seen that all indicators in the industry have improved to a greater degree than in the same period of last year.

The current situation is still not stable, and the country’s fiscal and financial policies will continue to be specifically targeted at structural adjustments; the excess capacity generated by unreasonable industrial structures and the rapid growth of foreign imports will make the domestic machine tool market more competitive; The appreciation pressure will have a negative impact on exports that have just achieved recovery growth.

Although there are many uncertainties, there are also positive aspects, such as: the overall economic development of the country is good, and will continue to grow steadily; the growth of fixed asset investment in the main user tool machine tool industry has maintained a double-digit growth; The restructuring of the company has achieved initial results. Based on this, it is expected that the growth rate of the machine tool industry in the second half of this year will gradually stabilize, with an annual growth of over 15%, of which the metal processing machine tool industry will grow by 10%. China Bearing Industry Network, Bearings, Association Bearing Network, Automotive Bearings, Rolling Mill Bearings, Wind Bearings