Although the semi-annual report of Shenyang Machine Tool, an industry leader, will not be known until the end of August, the company has issued a notice that the company’s main business income in the first half of the year was RMB 3.7 billion, a year-on-year decrease of 23%, including RMB 2.2 billion in CNC machine tool products. The year-on-year decrease was 26.37%, and the average machine tool product revenue was RMB 1.5 billion, a year-on-year decrease of 17.4%.
According to the forecast, the company's sharp drop in revenue was mainly due to the sluggish industry sentiment, lower demand for machine tools from downstream manufacturing companies, especially the high-end CNC machine tools required for upgrading the manufacturing industry. It is expected that after the macro environment improves in the second half of the year, the company's revenue will stop falling and rise.
Kunming Machine Tool Co., Ltd., which is also a listed company of Shenyang Machine Tool Group, expects its net profit in the first half of this year to fall by more than 90% year-on-year (compared with a net profit of 42.7719 million yuan in the same period of last year). The company said that the main reason for the decrease in performance was that during the period, the market was shrinking, orders were reduced and product competition was intensified, and labor and material costs increased.
According to the latest statistics compiled by the China Machine Tool Industry Association, the monthly statistics of some key enterprises in the machine tool industry (January-June 2012) show that the sales revenue of 122 key metal-cutting machine tools in China from January to June decreased year-on-year. 16.6%, total profit decreased by 48.2% year-on-year.
In fact, as early as before the publication of the data, the Machine Tool Association had organized key enterprises of the industry to hold economic symposia. Participants generally believed that the current economic situation of the machine tool industry enterprises is very severe, and economic indicators such as orders, operating income, profits and taxes are widespread. The rate of decline was more than 20% to 30%, and stocks increased significantly.
Moreover, all companies believe that the current economic development trend, this decline is still far from the bottom. Judging from the recent situation, it is unlikely that there will be a recovery in the next two years. Therefore, the participants’ general confidence in the economic performance in the next year or two is insufficient.
In fact, the weak development trend of the industry has already appeared in the first quarter of this year. However, the short-term recovery in March gave the industry people a slight illusion, but the actual situation is that the industry development indicators have not been steadily rising, but they have turned back to continue to callback.
According to the latest data released by the National Bureau of Statistics, the gross domestic product (GDP) in the first half of the year increased by 7.8% year-on-year. Among them, the growth rate was 8.1% in the first quarter and 7.6% in the second quarter. For the first time in three years, the quarterly growth rate of China's economy fell below 8% for the first time. In July, the official manufacturing purchasing managers index was 50.1, approaching the threshold.
Some users of the machine tool industry, such as: agricultural machinery, internal combustion engines, petrochemical and other industries, the amount of investment in fixed assets equipment has decreased compared to the same period last year. The shrinking of investment in major user industries will inevitably affect the market demand of the machine tool industry.
According to the forecast, the company's sharp drop in revenue was mainly due to the sluggish industry sentiment, lower demand for machine tools from downstream manufacturing companies, especially the high-end CNC machine tools required for upgrading the manufacturing industry. It is expected that after the macro environment improves in the second half of the year, the company's revenue will stop falling and rise.
Kunming Machine Tool Co., Ltd., which is also a listed company of Shenyang Machine Tool Group, expects its net profit in the first half of this year to fall by more than 90% year-on-year (compared with a net profit of 42.7719 million yuan in the same period of last year). The company said that the main reason for the decrease in performance was that during the period, the market was shrinking, orders were reduced and product competition was intensified, and labor and material costs increased.
According to the latest statistics compiled by the China Machine Tool Industry Association, the monthly statistics of some key enterprises in the machine tool industry (January-June 2012) show that the sales revenue of 122 key metal-cutting machine tools in China from January to June decreased year-on-year. 16.6%, total profit decreased by 48.2% year-on-year.
In fact, as early as before the publication of the data, the Machine Tool Association had organized key enterprises of the industry to hold economic symposia. Participants generally believed that the current economic situation of the machine tool industry enterprises is very severe, and economic indicators such as orders, operating income, profits and taxes are widespread. The rate of decline was more than 20% to 30%, and stocks increased significantly.
Moreover, all companies believe that the current economic development trend, this decline is still far from the bottom. Judging from the recent situation, it is unlikely that there will be a recovery in the next two years. Therefore, the participants’ general confidence in the economic performance in the next year or two is insufficient.
In fact, the weak development trend of the industry has already appeared in the first quarter of this year. However, the short-term recovery in March gave the industry people a slight illusion, but the actual situation is that the industry development indicators have not been steadily rising, but they have turned back to continue to callback.
According to the latest data released by the National Bureau of Statistics, the gross domestic product (GDP) in the first half of the year increased by 7.8% year-on-year. Among them, the growth rate was 8.1% in the first quarter and 7.6% in the second quarter. For the first time in three years, the quarterly growth rate of China's economy fell below 8% for the first time. In July, the official manufacturing purchasing managers index was 50.1, approaching the threshold.
Some users of the machine tool industry, such as: agricultural machinery, internal combustion engines, petrochemical and other industries, the amount of investment in fixed assets equipment has decreased compared to the same period last year. The shrinking of investment in major user industries will inevitably affect the market demand of the machine tool industry.
Refrigerator Compressor,Refrigeration Compressor,Industrial Refrigerator Compressor,Freezer Compressor
Taizhou Tentcool Trade Co., Ltd. , https://www.tentcoolcompressor.com