In the first half of 2022, the listed companies in China's machine tool industry were in a good running situation

China News Service, Beijing, Dec. 5 (Reporter Yan Xiaohong) In the first half of 2022, major indicators such as operating revenue, total profit and profit margin of listed companies in key monitored industries maintained year-on-year growth, significantly better than the overall level of machine tool industry. Its growth is driven mainly by the rapid development of areas such as new energy vehicles and power lithium batteries, as well as increased demand in areas such as photovoltaic.

According to the China Lathe Machining Tool Industry Association, in the first half of 2022, 68.4% of listed companies in key monitored industries saw year-on-year growth in operating revenue, 56.1% in total profit, 43.9% in profit margin and 36.8% in gross margin. Weighted average return on equity increased by 35.1% of the enterprises.

At the same time, the downstream Automatic Lathe investment demand has been inhibited by the uncertainties of the epidemic, and the prices of energy and raw materials have generally risen driven by the rise of international commodity prices. The double squeeze of insufficient demand and rising costs has intensified the operating pressure of listed companies in the industry.

According to the China Cnc Lathe Machine Tool Industry Association, taking all aspects into consideration, the machine tool industry will still face high operating pressure in 2022. However, with the implementation of various policies and measures by governments at all levels to stabilize growth and protect market players, the industry on the whole has a clear trend of stabilization and recovery. As the high-quality group of enterprises in the industry, the listed companies in the industry that are mainly monitored will surely overcome the pressure, reduce the cost and increase the efficiency, and drive the whole industry to move forward steadily.