Machine Tool Industry Quietly Recovery

By lower automobile, engineering machinery, electrical equipment and aerospace industry product demand pull, the machine tool industry is experiencing accelerated warming trend. China Securities Journal reporter learned that, at present, a lot of construction machinery and equipment category Power Grid Company is intensity of technological transformation, have added special milling large heavy equipment. Required for the development of large aircraft aluminum alloy high-speed cutting machines and cutting machines are also difficult to process materials as in hot demand.

Affected by this machine plate Qinchuan development companies such as Shenyang Machine Tool orders currently in hand more than the guaranteed performance.

Warmer downstream demand driving machine

Secondary market, the development of the recent gains Qinchuan obvious, from the end of March the upside to the current 11 yuan to 14 yuan, up 27.2% gain in 10 trading days.

Shenyang Machine Tool were up in 10 days or more than 30%.

Qinchuan Development Office, said the person, company orders full. This year will further expand the field of grinding in the car market share, while increasing the sales force composite machining center, there are some new products will be introduced. In addition, the company will also increase with the machine tool manufacturing-related services-based business development. These are the company’s new profit growth point.

Qinchuan development report shows that the top ten shareholders of circulation share of seats all the institutions, there are two combinations of social security.

Number of Shareholders by the end of the third quarter, 4.82 million shares plunged to the end of 33400, chips concentration was evident. Shenyang Machine Tool very high proportion of institutional ownership, the first quarter of this year, four new entrants, including Social Security Fund 102 Portfolio, the oil companies and two pension funds.

Shenyang Machine Tool a quarterly show, the first quarter the company achieved sales revenues of 1.958 billion yuan, up 69.94%; 30.27 million yuan net profit attributable to parent company, equivalent to earnings per share were 0.06 yuan, a year earlier loss of 0.05 yuan per share, results of reverse significant.

Shenyang Machine Tool recently also adopted Placements, the company developed to the issuance of not more than 2 billion shares, and fund-raising not more than 2.1525 billion yuan for the construction of a major base of CNC machine tools, CNC lathes New CAK technical innovation, the core features of NC machine tools technological transformation and the return of bank loans for four projects.

CNC machine tools worth the wait

Lower demand in the machine tool industry, automotive and construction machinery accounted for more than 50%, military, and aerospace are also accounted for about 20%. In addition, large power grid devices also need various types of heavy machine tools. It is learned that heavy demand for machine tools rose sharply, especially in heavy-duty CNC milling machine, boring bar diameter of 250mm above floor large CNC boring and milling machine, CNC machining diameter and 16m heavy duty vertical lathes, machining diameter of 4m-5m, 14m-18m length processing CNC heavy duty horizontal lathe and CNC blade root slot milling machine so special.

As the demand for downstream production and marketing industry, strong, machine tool sales in 2010 are expected to well, especially in CNC machine tools with high added value is more worth the wait.

January-February 2010, China’s production and export of CNC machine tools were improved: total exports of metal working machines 272.767 million U.S. dollars, an increase of 14.8%; CNC machine tool exports of 6,161,700 U.S. dollars total, an increase of 32.37%. The first quarter of this year, the Shenyang Machine Tool new order contract 2.6 billion, up 100%, maintained since the February 2009 monthly growth trend.