Machine tool companies have developed well and their revenue capabilities have risen sharply

- Jan 10, 2021-

[Market analysis of the column of China Machine Tool Business Network] Recently, many machine tool companies have released annual or monthly reports on their corporate revenue, which show that most companies have greatly increased their revenue capabilities. So since 2017, which companies have made breakthroughs in revenue?

Kunming Machine Tool's January revenue was 36.413 million yuan

   Kunming Machine Tool recently announced that the company's operating income (excluding value-added tax) in January 2018 was approximately RMB 36.413 million. It is actively seeking the resumption of trading in H shares. It is understood that the first phase of the H-share resumption audit work has been completed, and Kunming Machine Tool is now advancing the second phase of related work. The editor noted that Shenyang Machine Tool, the main shareholder of Kunming Machine Tool, will provide it with an unsecured loan of about 200 million yuan. A large amount of cash inflow may relieve some pressure on the road to resumption of Kunming machine tools.

   Guowei Machine Tool's 2017 revenue was 20.83 million yuan

   Recently, Guowei Machine Tool recently announced the 2017 annual report that during the reporting period, it achieved a revenue of 20,831,700 yuan, an increase of 17.52% over the same period last year. Among them, the net profit attributable to shareholders of the listed company was 831,700 yuan, an increase of 114.15% over the same period last year; basic earnings per share were 0.02 yuan, compared to 0.01 yuan in the same period last year.

Qinchuan Machine Tool's 2017 operating income was nearly 3 billion yuan

Qinchuan Machine Tool recently released its 2017 annual report. During the reporting period, the company's operating income was nearly 3 billion yuan, a year-on-year increase of 11%, and the budget target was 101%. The net profit was 16.45 million yuan, an increase of 10% over the previous year. The total number of machine tool orders completed was 11,200. Taiwan, an increase of 185% compared to the same period last year.

   In fact, it is not just the above-mentioned companies. From the perspective of industry development last year, the revenue capacity of my country's machine tool industry has been greatly enhanced. Long Xingyuan, chairman of the China Machine Tool Industry Association, said that in 2017, the total profit of China's machine tool industry increased by 192.6% year-on-year, of which the total profit of metal processing machine tools increased by 579.7% year-on-year. Overall, the profit of China's machine tool industry nearly tripled last year. Among them, the growth of new demand in downstream fields such as automobiles, construction machinery, and electronic products has an obvious driving effect on the machine tool industry, and the emergence of new technologies has also brought more opportunities and development to the machine tool industry.

   At present, policy support, the overall development of upstream and downstream, and the efforts of machine tool companies in technological research and development have all become favorable factors for the development of the machine tool industry. Under such circumstances, how to seize the opportunity and achieve rapid development is a big problem for all enterprises. The revenue capability of an enterprise is the most direct manifestation of the development of an enterprise. Since the industry’s recovery, Chinese machine tool companies, such as Qinchuan Machine Tool, have made breakthroughs in revenue. However, some experts pointed out that my country’s machine tool companies still lack revenue capabilities. The proportion of loss-making enterprises in the industry still reached 33.8%.

   Xiaobian believes that the lack of revenue ability is to a certain extent the lack of competitiveness. If machine tool companies want to improve their competitiveness, they need to make a fuss about the machine tool itself. At present, there are two aspects to be done by machine tool companies. On the one hand, we must catch up with and surpass in hardware and consolidate the foundation of machine tool manufacturing. On the other hand, technological innovation is needed, especially in new technologies such as numerical control, integration, and intelligence, to enhance the market adaptability of products.

   In the face of increasingly fierce market competition, some people propose to overtake in a curve, and some propose to change lanes to overtake, but for machine tool companies, the most important thing is still the "car" itself. The increase in revenue of machine tool companies is a sign of the positive development of the industry. The editor also wishes that in 2018, the machine tool industry can develop better and better