China's Machine Tool Boom and Bust Only in a Flash, Once Forced The Japanese-German Enterprises, But Now Heavily Indebted

For a country, the importance of machine tools is self-evident. First of all, as the carrier of advanced manufacturing technology, as well as the basic means of preparing industry, is the basis of equipment manufacturing industry.

Machine tools mainly for power equipment, automotive, engineering machinery and other industries. It is worth noting that China's machine tool industry is the foundation of China's industrial development, in China's industrial development plays a very important role.

At the top of the 2008 World Group Enterprise Output Rankings is Germany Express. Second on the list was Japan's Yamazaki Mazak, with Germany's GILDEMEISTER as the runner-up. Also in the top 10 list are China's Dalian Machine Tool, China's Shenyang Machine Tool, Japan's Jtekt, Japan's Otsuka, the United States MAG, Japan's Tiantian (AMADA), Japan's Mori Serge. In the top 10 list, there are two Chinese companies, two German companies, five Japanese companies and one American company.

What no one expected, however, was that Japan's Jetta gert, which was ranked last, had already bucked the trend. With the rapid development of the machine tool and auto parts business, the company's annual revenue rapidly exceeded 13 billion U.S. dollars! It is worth noting that even Taiwan's well-known Youjia Machine Tool Group, with its own efforts, continue to acquire and develop, and now annual revenues of more than $2.2 billion.

However, it is regrettable that shenyang machine tools, one of the top ten international machine tools, now have annual revenue of less than $800 million, and many times into huge losses.

Dalian Machine Tool, another top 10 machine tool in China, also declared bankruptcy in 2017. It is understood that Dalian machine tools in the declaration of bankruptcy, the total amount of debt as high as 22.422 billion yuan.

In addition, China's machine tool industry's four pillar enterprises, Dalian machine tools, Qinchuan machine tools, Shenyang machine tools, Kunming machine tools, Dalian bankruptcy, Shenyang huge losses, Kunming de-marketing, only Qinchuan machine tools are still struggling to support, but it is far from the world's top ten machine tools.

According to relevant statistics, the cumulative profit of the machine tool industry in 2019 decreased by 23.8% YoY, and the total operating income decreased by 2.7% YoY. Among them, in addition to the abrasives industry revenue increased, other areas are declining. It is understood that from January to May 2020, China's machine tool enterprises completed operating income decreased by 9.4% YoY

There is no denying that high-precision machine tools are still beyond our country at present. In fact, there are many reasons for the current situation, because China in the intelligent technology of CNC machine tools started later than other countries, so at this stage of production of the vast majority of CNC machine tools still can not reach the intelligent function. But once we see the gap between China's machine tools and the world, we still feel very sad.

In fact, China's machine tool industry as a whole is in a downward trend. China's progress towards the field of high-end machine tools, there are various difficulties.

China has experienced a decade of golden development of machine tools, but did not grasp the advantages of the huge domestic demand market, but fell into a huge loss of bankruptcy. We earnestly hope that China's high-end machine tool enterprises can slowly catch up with the pace of the world, hope that in the future China's machine tool business bigger and bigger.