China's machine tool export orders have increased significantly

Release date 2024-12-13 14:27:35 Reading 2

　　used excavatorChina's machine tool export orders have increased significantly, and the industry is expected to continue to recover

　　According to reports, the China Machine Tool and Tool Industry Association recently released the economic performance of the machine tool and tool industry in the first three quarters of 2024. Data shows that from January to September 2024, the entire machine tool and tool industry achieved a revenue of 752.4 billion yuan and a total profit of 19.3 billion yuan, with an average profit margin of 2.6%.used excavator used excavator used excavator

　　The policy effect continues to show, and the market demand for industrial machine tools has rebounded. Since the beginning of the year, the implementation plan for equipment updates in the industrial sector has continued to be implemented, and the demand for industrial machine tools has improved. Data shows that in the first three quarters, the industries of metal forming machine tools, metal cutting machine tools, machine tool functional components, and accessories all continued to grow, and the growth rate showed an expanding trend. Since October, under the intensified stimulus of a package of policies to stabilize the economy, multiple macroeconomic indicators have improved. In October, the manufacturing PMI returned to the expansion range, and the production of metal cutting machine tools increased year-on-year, gradually enhancing the activity of the production side.

　　From the perspective of the atmosphere of domestic and outdoor scenes, exports are better than domestic markets. In terms of domestic demand, due to severe homogenization of mid to low end industries and intensified industry competition, although industry revenue has improved, profits in the first three quarters decreased by 0.4 percentage points compared to the previous quarter; In terms of exports, China's machine tool exports amounted to 1 billion US dollars in October, with a year-on-year increase of 12.52% and a month on month increase of 13.78%; The export quantity was 1.45 million units, with a year-on-year increase of 3.76% and a month on month increase of 5.84%. Among them, orders exported to Japan increased by 49% year-on-year.used excavator used excavator used excavator

　　The high growth of export markets is mainly due to two reasons: (1) the acceleration of industrialization in emerging economies and the recovery of overseas machine tool demand; (2) The overall strength of China's machine tool industry has improved, the industrial chain is gradually improving, the localization process of high-end CNC machine tools is accelerating, and the product awareness is gradually increasing.used excavator used excavator used excavator

　　Looking ahead to the future, Everbright Securities believes that with the continued promotion of macroeconomic recovery and equipment renewal policies, the machine tool industry is expected to see a recovery. Research shows that during the last peak sales period of machine tools from 2011 to 2014, according to data from the Prospective Research Institute, the number of machine tools in China was about 8 million in 2020, and over 60% of them were over 10 years old. The demand for machine tool updates is expected to explode from 2024 to 2026. Specifically in the A-share market, the machine tool industry is expected to continue its recovery. Attention should be paid to the export of domestic machine tools and the related applications of mid to high end models in emerging fields such as robotics and 3C. Leading enterprises have the potential for valuation repair.used excavator used excavator used excavator

　　The China Machine Tool and Tool Industry Association recently released the economic performance of the machine tool and tool industry in the first three quarters of 2024. Data shows that from January to September 2024, the entire machine tool and tool industry achieved a revenue of 752.4 billion yuan and a total profit of 19.3 billion yuan, with an average profit margin of 2.6%.used excavator used excavator used excavator used excavator

　　At the same time, we selected 17 listed companies with machine tools and core components as their main business as samples, including Qinchuan Machine Tool, Genesis, Huazhong CNC, Haitian Precision, Kede CNC, Guosheng Zhike, Zhejiang Heideman, Neway CNC, etc. The total operating revenue of the 17 companies in the first three quarters was 20.36 billion yuan, a year-on-year increase of 3.1%; the total operating revenue in the third quarter was 6.66 billion yuan, a year-on-year increase of 4.9%. "Liu Bin, an analyst at Shanxi Securities Research Institute, introduced that 11 of them achieved year-on-year revenue growth, and the top five companies in terms of growth rate were Kede CNC, Genesis, Zhejiang Heideman, Ningbo Jingda, and East China CNC.used excavator used excavator used excavator

　　On one hand, there is a lack of effective demand in the traditional user field and serious homogenization of mid to low end products. On the other hand, there is an increasing demand for high efficiency, high precision, and intelligence in machine tool products from high-end equipment, intelligent manufacturing, and green manufacturing, as well as the improvement of processing capabilities for machine tool products from new materials, new technologies, and new processes. The machine tool industry faces challenges but is also full of new opportunities.used excavator used excavator used excavator

　　Regarding the annual operation of the industry, the China Machine Tool Industry Association predicts that "based on various factors, industries such as metal cutting machine tools, metal forming machine tools, functional components and accessories, and cutting tools are expected to achieve growth in 2024. However, considering the operating conditions of some of the abrasive and grinding tool industries serving other fields, the overall machine tool industry in 2024 may decline compared to the previous yearused excavator used excavator used excavator used excavator

　　The policy effect is evident, and industry demand is showing a recovery growthused excavator used excavator used excavator

　　With the continuous effectiveness of a package of policies, there has been a significant increase in positive factors driving economic recovery and improvement. Market demand is gradually recovering, market confidence is gradually increasing, and the activity of the production side is gradually increasing. The output of metal cutting and metal forming machine tools has fully recovered and grown.used excavator used excavator used excavator used excavator

　　According to data from the China Machine Tool and Tool Industry Association, from January to September 2024, the entire machine tool and tool industry achieved a revenue of 752.4 billion yuan, a year-on-year decrease of 6.6%, which narrowed by 1.1 percentage points compared to January to June.used excavator used excavator

　　Among them, the operating revenue of metal cutting machine tools was 120.1 billion yuan, a year-on-year increase of 3.9%, with a growth rate 3.4 percentage points higher than that from January to June; The operating revenue of metal forming machine tools was 67.6 billion yuan, a year-on-year increase of 7.6%, with a growth rate 4.6 percentage points higher than that from January to June; The operating revenue of machine tool functional components and accessories was 45.7 billion yuan, a year-on-year increase of 11.1%, with an increase of 7.9 percentage points compared to the period from January to June; The operating revenue of cutting tools was 79.2 billion yuan, abrasives and grinding tools was 327.3 billion yuan, and others were 112.4 billion yuan.used excavator used excavator used excavator used excavator

　　It is not difficult to see from the operating income situation from January to September that the sub industries of metal forming machine tools, metal cutting machine tools, machine tool functional components and accessories have continued to grow, and the growth rate is showing an expanding trend; The growth rate of cutting tools in different industries has fallen back to basically unchanged; Only the abrasive and grinding tool industry is in a declining state, with a year-on-year decrease of 18.0%. As a result, the overall industry revenue is still in a declining range, but the decline continues to narrow.used excavator used excavator used excavator used excavator

　　It is worth noting that with the continuous effectiveness of a package of policies, the positive factors promoting economic recovery and improvement have significantly increased. Market demand is gradually recovering, market confidence is gradually improving, and the activity of the production side is gradually increasing. The output of metal cutting machine tools and metal forming machine tools has fully recovered and increased, "said the relevant person in charge of the association.

　　The reporter learned from the Advanced Manufacturing Center of CCID Consulting that the combination of downstream application fields and policy drivers has driven the rapid growth of metal processing machine tool production. According to data from the Ministry of Industry and Information Technology, in the first three quarters of 2024, the added value of equipment manufacturing industry above designated size increased by 7.5% year-on-year, while the production of new energy vehicles, integrated circuits, lithium batteries, photovoltaics and other industries maintained double-digit growth. In April of this year, the Ministry of Industry and Information Technology and seven other departments released the "Implementation Plan for Promoting Equipment Renewal in the Industrial Field", and in July, the General Office of the Ministry of Industry and Information Technology released the "Implementation Plan for the" Industrial Mother Machine+"Hundred Factories and Ten Thousand Enterprises' Production and Demand Matching Activity". From January to September this year, the output of metal processing machine tools reached 632000 units, an increase of 12.3% compared to the same period last year, with a significant growth rate, and rapid growth achieved in all sub sectors.used excavator used excavator used excavator used excavator

　　The policy of equipment updates is constantly being implemented, and the demand for industrial mother machines in the market continues to expand. Metal processing machine tools such as machining centers, CNC lathes, CNC grinders, and forging machinery are widely used in various fields, with high demand for updates and rapid growth in output. From January to September this year, the production of metal cutting machine tools reached 506000 units, an increase of 11.7% compared to the same period last year, and the production of metal forming machine tools was 126000 units, an increase of 14.5% compared to the same period last year, both achieving rapid growth.used excavator used excavator used excavator used excavator used excavator used excavator

　　used excavatorAccording to the statistical data of key enterprises contacted by the association, the production of metal cutting machine tools has entered a downward trend since the beginning of 2022, and only resumed growth in August this year, with a year-on-year increase of 2.4% from January to September; The production of metal forming machine tools has also entered a downward trend since the beginning of 2022, and only resumed growth in May this year, with a year-on-year increase of 6.3% from January to September.used excavator used excavator used excavator used excavator used excavator used excavator

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China's machine tool export orders have increased significantly

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China's machine tool export orders have increased significantly

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