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Machine tool listed companies appear "loss"
At the end of August, China's machine tool industry listed companies released their half-year performance reports. In the first half of 2013, the entire Chinese machine tool sector did not show the expected recovery. Many listed companies continued to experience declining profits, with some even reporting losses. However, despite the challenging environment, most companies remain optimistic about the long-term prospects of the industry.
According to the reports, Shenyang Machine Tool saw its net profit attributable to shareholders drop to approximately 10.25 million yuan in the first half of 2013, a significant decline from 53.27 million yuan in the same period the previous year—a decrease of 80.75%. Similarly, Huazhong CNC reported a net profit of around 3.21 million yuan, down 79.6% compared to the previous year. Nantong Forging also suffered a sharp fall, with its net profit dropping to 1.61 million yuan, a decrease of 91.41% from 18.7 million yuan in 2012.
Some companies managed to maintain minimal profits, while others faced severe losses. Kunming Machine Tool reported a net loss of -43.61 million yuan, a dramatic increase from a profit of 3.59 million yuan in the same period last year. Qinghai Huading saw a smaller loss of -12.37 million yuan, up from -10.14 million yuan the previous year. Meanwhile, Qinchuan Machine Tool suffered a massive loss of -364 million yuan, a shocking drop from 8.33 million yuan in 2012.
Despite these challenges, many machine tool companies are actively working on strategies to improve their performance and position themselves for future growth. Shenyang Machine Tool, for example, has been focusing on R&D and innovation, launching new CNC machines like ASCAMILL and ASCARAPID. The company is also transitioning toward "Product Life Cycle Management" and plans to expand its dealer network by adding 51 new 4S shops by the end of the year.
Huazhong CNC is strengthening partnerships with major manufacturers such as Dalian Machine Tool and Shenyang Machine Tool, aiming to create a user-focused model. Nantong Technology is adjusting its production layout and product strategy, emphasizing high-end development to replace imported equipment. Other companies, including Nantong Forging and Yawei Co., Ltd., have also announced plans to optimize resources, enhance efficiency, and explore new markets to boost profitability.
Overall, although the current economic downturn is causing short-term difficulties, industry experts believe that the long-term outlook remains positive. With ongoing industrial upgrades and technological transformations in China, there is still substantial demand for advanced machinery. The machine tool industry is expected to see renewed growth and greater opportunities in the coming years.