The decline in the performance of many machine tool companies in the first half

In the first half of 2013, the entire machine tool industry in China did not show any improvement in the industry's expectations. The performance of many listed companies continued to decline, even at a loss.

At the end of August, listed companies in the Chinese machine tool industry announced their first-half performance reports in the first half of this year. In the first half of 2013, the entire machine tool industry in China did not show any improvement in the industry's expectations. The performance of many listed companies continued to decline, even at a loss.

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.

According to expert analysis, the user industries in some machine tool industries, such as the investment in fixed assets and equipment for agricultural machinery, internal combustion engines, and petrochemical industries, have all declined compared to the same period of last year. The shrinking of investment in major user industries will inevitably affect the market demand of the machine tool industry.

Comprehensive performance reports from various companies show that in the first half of 2013, Shenyang Machine Tool's net profit attributable to shareholders of the listed company decreased by 80.75% year-on-year; Huazhong CNC's decreased by 79.6%; Nantong Technology reduced by 84.99%; Nantong's forging decreased sharply by 91.41% year-on-year. The factor factor control decreased by 29.52%; Yawei shares decreased by 11.03% year-on-year.

The above-mentioned enterprises can still maintain a certain profit, and more enterprises suffer losses. In the first half of 2013, Kunming Machine Tool's loss-making performance caused a substantial decrease in net profit of 1313.91% compared with the same period of last year; Qinghai Huading's loss increased by 21.94% compared with the same period of last year; East China CNC loss increased by 281.45%; Qinchuan Development and the same period of last year The decrease in net profit was 143.74%.

On the whole, the semi-annual report generally believes that the current economic downturn is temporary and phased. China’s large-scale industrial upgrading and technological transformation are still far from over. Large-scale high-end equipment will also have huge market demand in the future. The industry will usher in new and greater opportunities for development.