The decline in profits promotes the high-end development of the machine tool industry

It is understood that in the sluggish market environment of the domestic machine tool industry, the decline in the number of orders, coupled with the increase in the cost of production, has reduced the profits of machine tool companies. Machine tool companies have to bear tremendous pressure to enter the transition period of the industry. They are in line with world-class enterprise technology. The development of high-end machine tool products has become the choice of many powerful companies.

Chinese enterprises are still at the mid-to-low end, and they still have a long way to go with foreign high-end, precision, and heavy-duty technologies. In general, the low-end profit margin in the machine tool industry is only 7%, while the high-end ones can reach 50% to 70%. In order to support the development of this industry, the government has also introduced relevant policies, such as the establishment of technical transformation and support funds; promoted the transformation and upgrading of enterprises; major equipment "first set" policy, to provide the first set of domestic products to provide purchase subsidies and premium subsidies; import Major equipment and core products are duty-free imported; tax-free support is provided for research projects on key components.

Current industry profits have fallen, and price competition is fierce. The development of the machine tool industry is facing great pressure. The machine tool industry can enhance the international competitiveness of China's manufacturing industry by promoting the integration of domestic companies with world-class companies, improving China's manufacturing industry, and changing China's position in the global manufacturing industry chain.