According to the data statistics of the China Machine Tool Industry Association (hereinafter referred to as the "Machine Tool Association") on key enterprises, in the first half of this year, the industry's cumulative operating income increased by 2.6 percent year-on-year. From the specific sub-industry point of view, metal cutting machine tools, metal forming machine tools, machine tool accessories, rolling functional parts and numerical control devices sub-industries increased year-on-year, other sub-industries declined year-on-year, of which the decline in the measurement sub-industry narrowed month by month.
In the first half of this year, the total profit of the key enterprises associated with the machine tool Association fell by 17.4 percent year-on-year, which narrowed from the first quarter. All sub-sectors are profitable. From the specific sub-industries, metal cutting machine tools, metal forming machine tools and CNC devices sub-industries increased year-on-year; Machine tool electrical sub-industry losses in the same period, the current profit; Other sub-industries declined year-on-year, including the machine tool accessories sub-industry from the first quarter of growth to decline.
In the first half of this year, the proportion of loss-making enterprises in the key contact enterprises of the Machine tool Association was 26.6 percent , an increase of 1.1 percentage points from the same period last year, and a decrease of 10.0 percentage points from January to March this year.
According to the data of enterprises above designated size released by the National Bureau of Statistics, in the first half of this year, the output of metal cutting machine tools was 299,000 units, down 2.9 percent year-on-year; The output of metal forming machine tools was 89,000 units, down 11.9 percent year-on-year. From the above data, it can be seen that the machine tool Association key contact enterprises and the National Bureau of Statistics on the enterprise statistics reflect that the overall output of metal processing machine tools continues to decline. The statistical data of the machine tool Association also reflect the trend of upgrading the product structure of metal processing machine tools and increasing the unit price.
In addition, in the first half of this year, the overall import and export of machine tool industry decreased slightly, of which imports decreased significantly, and exports increased slightly. According to Chinese customs data, from January to June this year, the total import and export volume of machine tools was 16.02 billion US dollars, down 0.6 percent year-on-year. Among them, imports were 5.68 billion US dollars, down 8.6 percent year on year; Exports reached US $10.34 billion, up 4.5 percent year on year.
Imports and exports maintain a surplus, machine tool exports show bright spots. From January to June 2023, based on the continuous growth of surplus for four consecutive years, the surplus of all nine commodity categories of machine tools was achieved for the first time in history, of which metal cutting machine tools achieved a surplus for the first time. The export growth rate of metal processing machine tools is significantly higher than the overall machine tool, of which metal cutting machine tools have become the first major category of machine tool exports for the first time since this year. The machine tool association focuses on the export delivery value of enterprises from January to June 2023, achieving double-digit growth.
The pressure on enterprises' operating costs has increased. Machine tool Association key contact enterprise statistics show that from January to June this year, the total profit fell by 17.4 percent , and the corporate tax burden increased by 0.2 percentage points. In the questionnaire survey of 30 key enterprises of the Machine Tool Association, more than 30 percent of enterprises reflected that in the first half of this year, raw material prices increased year-on-year, while the product sales price growth of enterprises accounted for only 7 percent , more than half of enterprises reflected the growth of production and operating costs, and some enterprises reflected a significant increase in labor costs. At present, the operating cost pressure of machine tool industry enterprises is generally large.
