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First, the overall economic growth rate of the industry remained at a low level in January-May.
The machine tool industry's industrial output value in January-February was 6.5% year-on-year, 5.1% in March, 4.4% in April, and 5.5% in May. The growth rate fluctuated slightly. In the second, third, fourth and fifth months of this year, the total industrial output value was positively increasing year-on-year and month-on-month. The state has responded to the measures of the international financial crisis. However, profits and imports and exports are still negative growth.
According to the statistics of the National Bureau of Statistics, the total industrial output value of 5,813 machine tools and tools industry in January-May was 133.82 billion yuan, a year-on-year increase of 5.5%, an increase of 29.3 percentage points over the same period of last year. The total industrial output value in May increased by 9.3% year-on-year. Growth of 6.5%.
Second, the situation of key contact enterprises is more serious than that of the whole industry.
In order to grasp the development of the company, our association has conducted a summary observation of the statistical data of key contact enterprises in nearly 200 industries for many years. From January to May, the sales revenue, total profit, total industrial output value and product sales value of gold cutting, forming, electrical appliances, accessories and cutting tools were all negative growth year-on-year. The completion of the total industrial output value for each month from January to May and the year-on-year situation are shown in the attached drawings.
The key contact enterprises are more serious than the data from the National Bureau of Statistics.
There are 114 key enterprises in the Jinchee machine tool industry (the total industrial output value accounts for 57.0% of the total industrial output value of 744 enterprises counted by the National Bureau of Statistics, which is more representative). The total industrial output value in the first five months of this year decreased by 7.9% year-on-year. Product sales revenue decreased by 8.6% year-on-year.
Third, the overall market shrinkage, and the market demand structure has changed significantly.
1. Import and export showed a double decline, and exports fell sharply. The impact of the international financial crisis is still continuing, leading to a general contraction of the domestic and international machine tool market, and difficulties in domestic sales and exports. From January to May, the import and export of machine tool products continued to drop, and the export declined significantly. Machine tool exports were 1.76 billion US dollars, a negative growth of 35.9%. Among them, the export of metal processing machine tools was 560 million US dollars, a year-on-year negative growth of 29.9%.
The domestic market was sluggish, and the decline in foreign direct investment also affected the import of machine tools. The total import of machine tools from January to May was 3.84 billion US dollars, down 21.6% year-on-year, of which metal processing machine tools imported 2.49 billion US dollars, down 15.8%.
2. Market demand has rapidly changed to high-end and large-scale. The market demand structure has changed significantly, the demand for ordinary and low-end machine tools has shrunk dramatically, and large, heavy and high-end CNC machine tools still maintain stable demand. According to the statistics of the Machine Tool Association on 177 key contact enterprises: From January to May 2009, the numerical control rate of metal processing machine tools was 53.9%, an increase of 7.6 percentage points year-on-year. The output ratio of CNC machine tools increased from 19.78% in 2008 to 29.6%, and the product structure changed significantly. The average unit price of domestic and imported machine tools has increased significantly, indicating that the demand for CNC machine tools is rising, especially the demand for large and high-end CNC machine tools is relatively strong.
Fourth, the main problems facing the industry.
The industry product structure is unreasonable, exports have fallen sharply, profits have fallen, and the company's liquidity chain has become increasingly fragile. The industry's economic situation is still grim.
1. The speed of new product development lags behind the rapid changes in market demand. As the overall industrial level lags behind that of Western industrial countries, the technical strength of industry enterprises is not strong enough. China's development of high-end products lags behind the rapid pace of market upgrading.
2. Corporate liquidity is highly strained and it is more difficult to maintain normal operations. The decline in profits, the decrease in sales prices, the delay in picking up or canceling orders by users, and the lack of follow-up orders have made corporate liquidity highly strained. From January to May, the machine tool industry realized a profit of 5.94 billion yuan, down 21.1% over the same period; the product sales revenue margin was 4.7%, down 1.3 percentage points year-on-year. The unit price of export machine tools has fallen sharply. For example, the unit price of gold cutting machine tools has dropped by 900 US dollars, a drop of nearly 50%.
3. The product structure must be further adjusted, and the production capacity cannot be effectively utilized. The changes in market demand have highlighted the contradiction of product structure in our industry. On the one hand, the production capacity of domestic high-end products is seriously insufficient, and on the other hand, the production capacity of traditional products is too large. This is particularly outstanding on ordinary machine tools and economical CNC machine tools, and the resulting price competition is even more cruel. Enterprises should solve the contradiction between product structure, production capacity structure and talent structure as soon as possible through technological transformation and training of employees.
4. Beware of repeated construction of large and heavy machine tools. From January to May, the investment in fixed assets of the machine tool industry was still hot. The total investment amount of newly started projects and the amount of completed fixed assets investment increased by more than 50%. Recently, the association's research on more than 100 companies shows that more than 30% of the companies in the industry are currently working on or preparing for large and heavy-duty machine tools, which should be highly valued by the industry.
Since the beginning of this year, the economic operation of the machine tool industry has been in a state of small fluctuations. The domestic economic recovery is still unclear, and the impact of the international financial crisis on the industry has not yet bottomed out. 2009 will be a difficult year for the development of China's machine tool industry. The role of the national economic stimulus plan in the market remains to be seen, and the machine tool as a means of production has a lag in the market demand. Therefore, most people in the industry are cautiously optimistic about the economic operation of China's machine tool industry this year.
Hydraulic Flange fitting inculde SAE Code 61 and Code 62 Code 61 hydraulic fitting flange is intended for for pressures up to 3,000 psi. Code 62 is intended for up to 6,000 psi. Bolt hole spacing and flange fittinghead diameters are larger for the higher pressure Code 62 fittings.
The female port is an unthreaded hole with four bolt holes in a rectangular pattern around the port. The male hydraulic fitting is a flanged head, grooved for an O-ring, and either a captive flange or split flange halves with bolt holes to match the port. The seal takes place by compressing the O-ring between the flanged head and the flat surface surrounding the port. The threaded bolts hold the hydraulic connection together.
The machine tool industry develops stable and high-end machine tools have unlimited potential
From January to May 2009, the total industrial output value of the machine tool industry maintained a one-digit growth. The largest industry in the industry, the largest in the industry, began to experience negative growth in April. A survey of key contact companies shows that negative growth has occurred since February. The total profit of the whole industry continued to grow negatively for many months, and the import and export volume showed a double decline, and exports fell sharply. The impact of the international financial crisis on my industry is still spreading and the situation is grim. However, from the trend of the main statistics in the first five months, the decline in the indicators of the industry has slowed down, the number of domestic orders has begun to rise, and the output value has increased month by month.