Both production and sales are booming, the prosperity of CNC machine industry continues to rise
It is reported that the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) recently held an enlarged meeting to study and deploy key tasks in the next phase. The meeting emphasized that for industrial basic machines, high-end chips, new materials, new energy vehicles, etc., strengthen key core technology research, strengthen the coordination of upstream and downstream industries, and actively promote the development of small, medium and micro enterprises.
As an industrial basic machine, CNC machines represent the core competitiveness of the country’s manufacturing industry. CNC machines are gradually transitioning from traditional ordinary machine to high-end CNC machine. As a long-term upgrade trend of the industry, CNC has a broad space for development. China Commercial Industry Research Institute predicts that China CNC machine industry will reach 405.6 billion yuan in 2025.
The CNC machine market was booming in the first half of the year, and the performance of machine enterprises improved
In the first half of the year, the domestic machine industry continued its recovery growth since the second half of last year. All major economic indicators have achieved substantial growth, and the quality and efficiency have improved significantly.
According to statistics from the China Machine Tool Industry Association, from January to June, new orders for metal cutting machines from key enterprises of the association increased by 41% year-on-year; orders in hand increased by 20.6%; output increased by 30.7%; revenue increased by 50.7%; total profit was 15.5 100 million yuan (a loss of 210 million yuan in the same period last year).
With the recovery of downstream demand and the smooth progress of production and delivery of corporate products, the industry interim performance forecast has performed well. Among the 13 listed companies that have issued performance forecasts, 5 of them have already issued performance forecasts. The forecast net profit cap is between 1.5 million yuan and 120 million yuan, and the forecast net profit growth rate is between 80%-899% year-on-year.
Domestic substitution continues to advance
After years of technology accumulation, the comprehensive competitiveness of China machine enterprises have gradually emerged. From the perspective of machine import and export volume, the import volume has been in a downward trend for ten consecutive years and the import volume only account for 18% until 2020. At the same time, machine export volume has maintained steady growth and has increased to 12% by 2020.
A further comparison of machine consumption and import amount shows that the proportion of imported machine consumption is decreasing year by year, which indicating that China domestic substitution in the field of high-end machine continue to advance.
Private enterprises have achieved the leading position in the domestic machine tool industry
Since 2000, as China machine industry has entered a period of rapid development, China private CNC machine enterprises have sprouted rapidly. In 2000, the number of private CNC machine enterprises accounted for about 20%, and the proportion of output value was slightly higher than 10%. By 2005, the number of private enterprises and the proportion of output value both doubled. Since 2012, China CNC machine industry has entered a downward cycle. During this period, private machine companies have maintained a steady progress. By 2015, the number and output value of private companies accounted for more than 70%, and they have completely dominated the domestic machine tool industry.
At the same time, private enterprises have achieved substantial improvements in product quality and services, and have achieved surpassing state-owned enterprises in their respective subdivisions.