What is the status of the machine tool industry known as the mother of industry? Shenzhen Stock Exchange listed company East China CNC in the 18 quoted industry information that the domestic machine tool industry as a whole in the first half of the year showed a marked decline in excess, nearly 40% of the losses of enterprises

Weihai Huadong CNC Co., Ltd. (East China CNC) disclosed in its 2014 annual report that its business target for 2015 is to achieve sales revenue of 500 million yuan and realize the main business to turn losses into profits. However, in the first half of 2015, only 90.13 million yuan of operating income was realized, down 49% from the same period last year.

In response to questions from the Shenzhen Stock Exchange, the company said there was a general optimism about the machine tool industry's business expectations in early 2015, and expected a turnaround in the next big machine tool market. But in the reporting period, the actual operating conditions are: the domestic overall machine tool industry in January to June operation showed a clear trend of inertia decline, large machine tool products did not turn, demand continued to decline, competition is more intense, The proportion of loss-making enterprises in the whole industry was 39.4%, and the total profits of the whole industry decreased by 16.6% compared with the same period last year.

East China numerical Control said, the above data from "China Machine tool Industry key contact Enterprise monthly Compendium (January-June 2015)"

East China numerical control also quoted "machine tool industry key contact enterprise monthly report" data said, In the first half of 2015, the revenue of Beijing No. 1 Machine tool, Qiqihar No. 2 Machine tool and Shanghai heavy Machine tool Company decreased by 21.57%, 56.88% and 66.42% respectively.

However, East China numerical Control also indicated that the core position of the machine tool manufacturing industry in the equipment manufacturing industry has not changed. National Strategic Industry 4.0, made in China 2025, guidelines on promoting international production capacity and equipment manufacturing cooperation, 12th Five-Year Plan, The adjustment and revitalization plan of the machine tool industry has laid a good foundation for the development of the bed industry. According to experience, it has been three years since the machine tool industry began in the second half of 2012, and it is expected that there will be a turnaround in 2016. By then, the company's surplus production capacity, technology, production advantages will quickly appear, the business situation will be significantly improved