Inject cardiotonic to activate industry momentum

In 2023, affected by factors such as the international environment, geopolitics and weak investment in downstream equipment, the annual operating income and total profit of the machine tool industry declined year-on-year. China Machine Tool Industry Association data show that in the past year, the machine tool industry to complete the operating income of 1097.4 billion yuan, down 10.3%, the industry to achieve a total profit of 113.2 billion yuan, down 35.8%.

This trend has continued this year. From January to April, the operating income of China’s machine tool industry and key enterprises of the Association fell by 3.0% year-on-year, and the total profit fell by 3.7% year-on-year. BK698A201S12 New orders for metalworking machine tools fell 4.9% year on year, and orders in hand fell 14.7% year on year.

In this context, the release of the “action plan” can be described as injecting a shot of “tonic” into the machine tool industry.

“Every equipment update action has played an important role in promoting the establishment and development of China’s machine tool industry and consumer market.” This round of action Plan is launched in the context of the central government’s proposal to develop new quality productivity and promote high-quality development, and will play a greater role, which can be said to be an upgraded and strengthened version.

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Specifically, the four major actions will affect the operation and development of the machine tool industry. Equipment update action is the most direct and effective, involving the mass purchase of machine tool products; Consumer goods for new action belongs to the demand side of the new momentum, it is foreseeable that with the increase in sales of consumer goods, related consumer goods upstream manufacturing links will also produce new equipment update or purchase demand, thereby driving machine tool industry sales increase.

BK698A201S12 The role of recycling action is more indirect, mainly in the first two actions, a small number of old machine tool products involved in transformation and secondary use; The standard improvement action is not only a safeguard measure, but also a development goal, to ensure that the current round of equipment renewal and replacement of old and new is an endogenous driving force for high-quality development.

“As an upgraded version, the action Plan should focus on the main line of high-quality development and building new quality productivity to arrange relevant policies.”