China's machine tool industry generally reflects the current operating difficulties

In order to analyze the economic situation of the machinery industry, a few days ago, the Industry Coordination Department organized a seminar on the economic situation of the machine tool industry, and the China Machine Tool Industry Association and industry backbone enterprises attended the meeting. Associations and enterprises generally reflect current operating difficulties. The operating income in the first five months of this year decreased significantly year-on-year. New orders and on-hand orders decreased significantly year-on-year, and finished goods inventory and accounts receivable increased significantly. From the perspective of product structure, medium- and low-end ordinary machine tools are more affected, and medium-to-high-end machine tools that serve aerospace and other key areas, as well as products for specific areas, are relatively less affected. At the same time, associations and enterprises have also realized that the current decline in market demand is also an opportunity for the industry to achieve transformation and upgrading and strategic transfer. It is necessary to focus on adjusting development strategies and reorganizing internal resources, and recommend that the government should reduce taxes, improve business environment and support enterprises. Going out and other aspects introduced policies to help enterprises achieve transformation and upgrading.