In May, Shanghai and other places were still under strict epidemic control, and the impact of the epidemic was still prominent. From the data of January-May of 2022, the operating revenue of key affiliated enterprises of China Machine Tool Industry Association increased by 0.4% year-on-year, 3.8 percentage points lower than that of January-April. The total profits of key enterprises increased by 29.5% year on year, 12.8 percentage points lower than the January-April period. New orders for metalworking machine tools decreased by 4.1% year-on-year, 2.3 percentage points higher than the January-April period, while hand orders increased by 2.5% year-on-year, 1.0 percentage points lower than the January-April period.
From the data of May, May's monthly operating revenue decreased by 12.9% and 12.6% year-on-year and month-on-month respectively, deepening by 7.5 and 5.6 percentage points compared with April. Total monthly profits in May grew by 1.6% year-on-year and 4.1% month-on-month, turning from a decline in April into an increase. New orders in May were down 17.1 per cent year-on-year and 21.1 per cent month-on-month.
According to the data of China Customs, the total import volume of machine tools from January to May 2022 was 5.19 billion US dollars, down 9.0% year on year; Exports totaled $8.11 billion, up 12.7 percent year on year. Exports continue to grow markedly.
The decline of the main indicators of the association's key enterprises from January to May and in May was mainly caused by the accidental factors of the epidemic. The fundamentals of the domestic economy remained stable and sound. Since the beginning of June, the epidemic has been brought under control in Shanghai and Beijing, and production and life have resumed rapidly, with enterprises in the machine tool industry basically returning to normal operation. It can be expected that the
Auto Lathe Machine,
Automatic Turning Machine and
Cnc Slitting Automatic Lathe tool industry will soon return to the normal growth track if there is no major rebound in the domestic epidemic.
