China's machine tool industry( cnc milling machine) has ignited a spark recovery.
Machine tool industry has experienced two years of decline, and in July,2014, metal cutting machine tools production has increased by 4.6% compared with the same month last years; Metal forming machine tools production increased by 13.65%. The improvement in domestic demand is also reflected in the import side. Imports of CNC machine tools in July, 2014 rose 3.35%. Not only does production has been improved, the revenue and gross profit growth were also positive. Total revenue and profit in metal cutting machine tools in the first seven months rose 7.99%, 12.22% respectively; the total income and profit in forming machine in the first seven months rose 13.73%, respectively, 13.25%. The above data means that the industry has experienced downward and then a spark in recovery.
Main driver for the manufacturing upgraded to machine tool industry
CNC machine tools meet the needs of the upgration in manufacturing industry, so after the year 2003 the proportion of CNC metal cutting machine tools in metal cutting machine tools raised to more than 10%, and this proportion increased year by year.
In the first 7 months of 2014, CNC metal cutting machine tool production growth was over the whole metal cutting machine tools, accounting also increased to 30.18%, which is a new high since there are statistics. We believe that the needs of upgration in manufacturing industry just reflected in the consumption of CNC machine tools, this process has gone on the road, there will be a huge boost for the future structural changes in the machine tool industry.
It is hard to see improvemnet in most of the listed companies of machine tools:
The current 11 listed machine companies, excluding non-recurring factors and non-core business factors, only Rifa Seiki and Yawei shares achieved double revenue and profit growth. The rest of the companies are in the decline in revenue or profits. We believe that the historical burden of state-owned machine tool companies, the insufficient and gap of technology in private enterprise, etc. are the obstacles that made it difficult for them to have agood performance in the machine tool industry.
If three clues to find investment targets, recommending innovative turnaround "Shenyang Machine Tool":
We believe that under current conditions the development of the machine tool industry, by turning around, restructuring and growth of these three clues to find investment targets. Innovation and asset acquisitions are turnaround move, foreign investment is also growing to do industrial extension of the road, through the acquisition of companies in transition into the machine tool industry should also be
given attention.
machine center milling machine
