On the evening of August 7, Nantong Technology, a listed company in the machine tool industry, announced its 2012 semi-annual report. The report said that in the first half of the year, the company achieved a total operating income of 354 million yuan; the net profit attributable to shareholders of listed companies was 164.126 million yuan, down 75.75 year-on-year. %. On the previous July 31, Huadong CNC released the first semi-annual report in the industry. The report disclosed that from January to June 2012, the company achieved operating income of 258 million yuan, down 20.6% year-on-year; operating profit loss was 2,492,600 yuan. Although the market is weak , the semi-annual report of the Shenyang machine tool as the industry leader will not be known until the end of August, but the company has issued a notice, indicating that the company's main business income in the first half of the year was 3.7 billion yuan, down 23% year-on-year, of which the output of CNC machine tool products was 2.2 billion. Yuan, down 26.37% year-on-year, and ordinary machine tool products revenue was 1.5 billion yuan, down 17.4% year-on-year. It is predicted that the sharp decline in the company's revenue is mainly due to the sluggish industry boom, and the decline in demand for machine tools by downstream manufacturing companies, especially the medium and high-end CNC machine tools required for the upgrading of the manufacturing industry. It is expected that the company's revenue will rebound after the macro environment improves in the second half of the year. Kunming Machine Tool, a listed company also belonging to Shenyang Machine Tool Group, expects net profit to fall by more than 90% in the first half of this year (a net profit of 42.771 million yuan in the same period last year). The company said that the main reason for the decline in performance was that during the period, the market shrank, orders decreased and product competition intensified, and labor and material costs increased. According to the latest information compiled by the China Machine Tool & Tool Industry Association, the monthly report of some key enterprises in the machine tool industry (January-June 2012) shows that the sales revenue of 122 key metal cutting machine tools in China from January to June this year decreased year-on-year. 16.6%%, total profit decreased by 48.2%. In fact, before the data was released, the Machine Tool Association had organized industry backbone enterprises to hold economic situation symposium. The participants generally believed that the current economic situation of machine tool industry enterprises is very serious, and economic indicators such as orders, operating income, profits and taxes are common. The decline is mostly between 20% and 30%, and the inventory has increased significantly. Moreover, all companies believe that this decline is far from the bottom of the current economic development trend. Judging from the recent situation, it is unlikely that there will be a recovery in the next two years. Therefore, the participants generally expressed insufficient confidence in the economic operation situation in the next one or two years. In fact, the industry's weak development trend has already appeared in the first quarter of this year, but the short-term warm-up in March has given the industry a glimmer of illusion, but the actual situation is that the industry development indicators have not steadily improved, but the U-turn continues to pull back. According to the latest data released by the National Bureau of Statistics, gross domestic product (GDP) increased by 7.8% in the first half of the year. Among them, the first quarter increased by 8.1%, and the second quarter increased by 7.6%. For the first time in the past three years, China's economic quarterly growth rate fell below 8% for the first time. In July, the official manufacturing purchasing managers' index was 50.1, approaching the critical value. According to expert analysis, the investment in fixed assets equipment of some machine tool industry, such as agricultural machinery, internal combustion engine and petrochemical industry, has decreased compared with the same period of last year. The shrinking investment in major user industries will inevitably affect the market demand of the machine tool industry. 15% of the policy may be under the policy of “stable growth, restructuring, and price controlâ€. The China Machinery Federation predicts that the growth rate of the machinery industry will be around 14%. In response, the head of the federation explained that the growth rate of the machinery industry has been faster than the growth rate of the entire industry for many years. As some of the manufacturing industries of machine tool secondary users, this year's production and sales will have different degrees of growth. It is especially worth noting that in the process of restructuring and upgrading, these industries will definitely pay more attention to the process and equipment level of the progress itself, thus including the ideal demand for high-end CNC machine tools and special machines. Second, under the premise of steady growth, fixed asset investment will maintain volatility growth. Experts estimate that the theoretical growth rate of fixed asset investment in the whole society in 2012 was about the same as that of the previous year (the theory of fixed assets investment after deducting price factors in 2011 increased by 16.1% year-on-year). In particular, some serious projects identified in the “Twelfth Five-Year Plan†will enter the stage of centralized construction this year. The introduction and implementation of high-end equipment manufacturing, new power vehicles and other strategic emerging industries will drive investment in machine tools to a certain extent. growth of. Of course, there are also some factors that are not conducive to the growth of China's machine tool output value: For example, from the second half of 2011, new orders for machine tools have been added, and the situation in the middle of this year is: “From the report of the key liaison enterprises of the association, come over, heavy machine tools. Enterprise hand-held orders often span their one-year capacity, and small and medium-sized product companies often hold orders for half a year. Today's situation is completely different, and better companies only need half a year's orders.†There is also China's economy in 2012. The growth rate of the industry will decline slightly, resulting in a decline in the production and sales and profit growth of certain secondary user industries in 2011, which will decline in 2011. The decline in corporate profits and production and sales growth will definitely affect the reasonable growth of investment in machine tools. In addition, this year's export situation is more severe. Although China's machine tool exports account for a small proportion of the output value, it will have a little impact on the growth rate of machine tool output. Based on the above factors, experts predict that the output value of China's machine tool sales will continue to grow in 2012, but the growth rate will certainly fall back. The biggest one may fall back to the medium-speed growth range of around 15%. The market demand structure will further accelerate the promotion. The increase of CNC machine tool output will be significantly higher than the increase of total machine tool output. The high-end CNC machine tools and special machines will continue to sell well. The output value of high-end machine tools, especially ordinary machine tools, can show negative growth, while heavy and large. The market demand for machine tools will still be relatively low. To speed up the transformation , Wu Bolin, executive vice president of the Machine Tool Industry Association, believes that in the near term, the economic downturn is a foregone conclusion. However, this situation is also a good opportunity for enterprises to digest, improve, and improve new products and technologies developed in recent years, and to achieve product replacement and enterprise transformation and upgrading. At the symposium, the participants had a heated discussion on how to smoothly implement the transformation and upgrading of the enterprise and the adjustment and improvement of the product structure, and the need for national policy support and the operability of policy implementation. Long Xingyuan, chairman of Qinchuan Machine Tool, believes that the domestic machine tool industry still has no signs of improvement, and the future market sales based on the market economy is still unclear. Faced with the complex macroeconomic situation and the decline in market demand, it is no longer possible to provide incentives for the growth of business performance by relying on the original products and marketing methods. While enterprises are upgrading and upgrading, they also need strong support from national policies. Jiang Huaisheng of Dalian Machine Tool Group said that for the machine tool industry, in order to maintain the stable development of the industry and promote the restructuring of the industry, it is necessary to review the situation and introduce effective policies and methods. It is recommended to use the state to implement the major special project of CNC machine tools, on the one hand to increase the intensity of adjustment, improve industrial concentration and resource allocation efficiency. On the other hand, encourage corporate technological progress. Through the implementation of financial interest subsidies, special investment in technological transformation of enterprises, etc., accelerate the pace of research and development and industrialization of high-end CNC machine tools and numerical control functional components, and provide policy support for enterprise technological transformation, personnel training, joint venture cooperation and other aspects. Zhang Zhong, deputy general manager of Shenyang Machine Tool, said that he will continue to implement the policy of value-added tax return for CNC machine tools. For domestic large-scale projects, domestic machine tools, especially domestically produced independent innovation products, should be given tax incentives or financial subsidies. In terms of numerical control systems, Huazhong CNC and Guangzhou NC believe that due to the slowdown of domestic economic growth, the impact on the manufacturing industry is very large, especially the slowdown in the development of traditional machine industry for machine tools, and the slowdown in demand for new equipment. In the machine tool industry, the decline in upstream demand has caused the impact of CNC system manufacturing companies supporting machine tool mainframes. CNC system manufacturers are now facing the dual pressure of domestic market demand decline and foreign CNC companies have set up factories in China and seized the middle and low-end system market. High-end CNC systems are still a weakness of domestic enterprises. The development cycle of the CNC system is long and the investment is large. The company bears a lot of financial pressure and it is difficult to achieve sustained and stable development. The competition faced by domestic functional component companies is more intense, and the situation is even worse under the overall economic slowdown. The representative of Yantai Global proposed to propose corresponding policies to encourage the adoption of domestic functional components or systems. To transform and upgrade enterprises, it is necessary to strengthen technological transformation, and upgrade the products by technology upgrade. But one fact that cannot be ignored is that China will continue to be the world's largest machine tool consumer and export market. Internationally renowned machine tool manufacturers will pay more attention to the development of the Chinese market, launch more products suitable for the Chinese market and add investment in China, the competition will become increasingly fierce and complicated. With the accelerated development of China's machine tool market demand structure, the contradiction between the overcapacity of international low-end products and the serious shortage of high-end product supply will become more and more serious, and the transformation of industry has become an urgent task.
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