Office Mob: +8618002480485
Office Tel: +86-024-31140175
Office Fax: +86-024-22845391
- Jan 27, 2018 -
First, steady growth of main business income, market demand gradually restored
January-November 2017, China's machine tool industry main business revenue 921370000000 yuan, an increase of 6.7%. Among them, the cutting machine main business revenue of 137.4 billion yuan, down 1.3%; molding machine tool main business revenue of 88.5 billion yuan, an increase of 11.6%; tools, measuring tools and measuring instrument business receipts of 108.6 billion yuan, an increase of 13 %; Main business income of machine tool accessories 529.7 billion yuan, an increase of 6.9%.
Article link: China Machine Tool Business Network
From January to November 2017, the import of cutting machine tools was 6.5 billion U.S. dollars, up 16.84 percent over the same period of last year. The import of forming machines was 1.39 billion U.S. dollars, up 9.4 percent over the same period of last year. The import of tools was 1.44 billion U.S. dollars, up 18.97 percent year-on-year. Exports, cutting machine tool exports 1.95 billion US dollars, an increase of 12.15%; forming machine tool exports 980 million US dollars, an increase of 5.72%; tool exports 2.34 billion yuan, an increase of 7.42%.
Second, the total profit increased by double digits, the profit margin is low
Machine tool industry profits of 59.54 billion yuan, an increase of 18.8%. The main business revenue margin was 6.5%, an increase of 0.7%, of which the cutting machine tool margin was 4%, an increase of 1.1%; forming machine profit margin 7.1%, an increase of 1.4%. In the first three quarters of 2017, the net profit margin of 35 listed companies in the machine tool industry was 6.8% and the return on equity was -7.4%.
Third, the overall high debt ratio
From January to November 2017, the total liabilities of the machine tool industry reached 421.99 billion yuan, up by 7.7% over the same period of last year; the debt ratio was 51%, up 0.1% over the same period of last year. All 35 listed companies have high debt ratios, of which current liabilities account for 84% of total liabilities and cash flow risks are high.