The main economic indicators of China's machine tool industry in 2019 have been significantly reduced

In 2019, the main economic indicators of my country's machine tool industry for the whole year were significantly lower than those of the same period of the previous year. According to statistics from the National Bureau of Statistics, the industry's completed operating income decreased by 2.7% year-on-year, and the realized total profit decreased by 23.8% year-on-year.

1. In 2019, the total number of enterprises above designated size in China's machine tool industry was 5710

At present, the large-scale enterprises in my country's machine tool industry are mainly metal cutting machine tool enterprises, metal forming machine enterprises, measuring tools and measuring instrument enterprises. According to statistics released by the China Machine Tool Industry Association, as of the end of 2019, the total number of large-scale enterprises in my country's machine tool industry was 5710. Among them, 816 metal cutting machine tools (accounting for 14.2%), metal forming machine tools 550 (accounting for 9.7%), tools and measuring instruments 715 (accounting for 12.7%), abrasives and abrasives 1,947 (accounting for 33.8%), machine tool functions 382 parts and accessories (6.7%), 521 foundry machinery (9.2%), 148 wood and bamboo processing machinery (2.6%), and 631 other metal processing machinery (11.1%).

2、2019年中国机床工具企业营业收入同比降低2.7%

在行业营收方面，2019年1-12月机床工具行业累计完成营业收入同比降低2.7%。其中金属切削机床行业累计完成营业收入同比降低11.3%，金属成形机床行业累计完成营业收入同比降低8.5%，工量具及量仪行业累计完成营业收入同比降低4.7%，磨料磨具行业累计完成营业收入同比增长4.8%。2019年1-12月机床工具行业营业收入完成及同比变动情况。

3. In 2019, the total profit of Chinese machine tool companies decreased by 23.8% year-on-year

In terms of total profit, according to the statistical data of enterprises regulated by the National Bureau of Statistics, the total profit realized by the machine tool industry from January to December 2019 decreased by 23.8% year-on-year. Among them, the total realized profit of the metal cutting machine tool industry decreased by 60.8% year-on-year, the total realized profit of the metal forming machine tool industry decreased by 26.9% year-on-year, the total realized profit of the tool and measuring instrument industry decreased by 10.4% year-on-year, and the cumulative total realized profit of the abrasives industry A year-on-year decrease of 14.3%.

4. In 2019, the inventory of finished products in China's machine tool industry decreased by 8.8% year-on-year

In terms of finished product inventory, according to the statistics of enterprises above designated size by the National Bureau of Statistics, the finished product inventory of the machine tool industry at the end of December 2019 decreased by 8.8% year-on-year. Among them, the inventory of finished products in the metal cutting machine tool industry decreased by 15.2% year-on-year, the inventory of finished products in the metal forming machine tool industry decreased by 7.7% year-on-year, the inventory of finished products in the tool and measuring instrument industry decreased by 5.4% year-on-year, and the inventory of finished products in the abrasives and abrasives industry increased by 2.4% year-on-year. %.

5. The loss of China's machine tool industry in 2019 reached 15.1%

In terms of industry losses, according to the statistics of enterprises above designated size by the National Bureau of Statistics, the machine tool industry in December 2019 lost 15.1%. Among them, the metal cutting machine tool industry has the largest loss at 24.9%; the metal forming machine tool industry is 20.2%, the measuring tool and measuring instrument industry is 11.5%, and the abrasives and abrasives industry is 12.5%.

The outbreak of the new crown pneumonia in early 2020 has brought new difficulties to my country's economy and machine tool industry. The time for the elimination of the epidemic and the recovery of the market cannot be accurately estimated. In the first half of 2020, the market demand for machine tools is unlikely to improve fundamentally, and the difficulty and uncertainty of stabilizing the decline throughout the year have increased.