The growth of fixed asset investment remained stable, and the proportion of tool grinder investment in fixed asset investment was stable. Since the implementation of the tightening policy, fixed asset investment has not seen a significant decline, and the growth rate has been maintained at more than 20%. The proportion of equipment and equipment purchased in fixed assets investment remained at around 20%, and remained stable for a long time. In the first four months of 2009, equipment and equipment purchases increased by 23.4% year-on-year, accounting for 20.5% of fixed assets investment. The downstream industries such as automobiles, aerospace and railways continue to drive the strong demand for machine tools. The automobile industry consumes about 40% of the machine tools. At present, China's vehicle manufacturing machine tools are still mainly imported, and the potential for import substitution in the future is huge. China's fast-growing aviation and shipbuilding industries will also drive demand for large, heavy-duty, precision CNC tool grinding machines. The railway sector is expected to invest more than 700 billion yuan in infrastructure in 2008-10, the purchase of locomotives will be 200 billion yuan, and the transportation equipment will be upgraded to 55 billion yuan, which will drive a large demand for machine tools. Import substitution, export acceleration is a new growth point for CNC tool grinding machines. The demand for CNC tool grinding machines in China is growing faster than that of ordinary machine tools. Especially for high-end CNC tool grinding machines, a large number of imports are still needed. The demand for CNC tool grinding machines is very strong in China, and the output is far from meeting the demand, and the low-end is the main. The export of CNC tool grinding machines is also dominated by the low end, but it has gradually shown the huge advantage of the Chinese-made CNC tool grinding machine in terms of cost performance, and the export has begun to increase speed.
The rising prices of raw materials and the appreciation of the renminbi have a slight impact on the industry. At present, all machine tool companies have implemented price increases of more than 3% on products. When the cost increases by 10%, the impact on gross profit margin will be within 2 percentage points. The appreciation of the renminbi against the US dollar has depreciated against major currencies such as the euro, and the proportion of exports to the United States is only 14.98%. The growth rate of exports to other countries and regions is accelerating, and the negative impact of RMB appreciation on China's machine tool industry exports is limited.
The operating status of listed companies remained good. Although the net profit growth of major listed companies in the first quarter of 2008 decreased compared with the growth rate in the first three quarters of 2007, it still remained close to 60%. The growth rate of main business income accelerated from the fourth quarter of 2007, indicating that the downstream demand for machine tools is strong, and the governance structure of major listed companies is improving, the operating leverage is reduced, and the net profit growth in the first half of 2007 is much higher than that of the main business. The situation of business income growth. The machine tool industry is on the rise of machine tools as the basis of the industry boompm0927, industry development and fixed asset investment growth rate is closely related. The downstream demand for machine tools, including general equipment manufacturing, special equipment manufacturing, and automobile manufacturing, has maintained good investment growth, and demand for machine tools has remained strong. In domestic demand, CNC tool grinding machines are beginning to become mainstream, gradually replacing ordinary machine tools. Some domestic enterprises are able to produce lower-end CNC tool grinding machines, and high-end CNC tool grinding machines are still mainly imported. With the accumulation of domestic enterprise technology, the gap between the international leading enterprises has been greatly reduced. The advantages of domestic CNC tool grinding machines in terms of cost performance have begun to appear. Import substitution has begun to accelerate in domestic demand, and the proportion of CNC tool grinding machines in export is gradually increasing. Start to speed up. CNC tool grinding machines are in the midst of an industry boom.
The rising prices of raw materials and the appreciation of the renminbi have a slight impact on the industry. At present, all machine tool companies have implemented price increases of more than 3% on products. When the cost increases by 10%, the impact on gross profit margin will be within 2 percentage points. The appreciation of the renminbi against the US dollar has depreciated against major currencies such as the euro, and the proportion of exports to the United States is only 14.98%. The growth rate of exports to other countries and regions is accelerating, and the negative impact of RMB appreciation on China's machine tool industry exports is limited.
The operating status of listed companies remained good. Although the net profit growth of major listed companies in the first quarter of 2008 decreased compared with the growth rate in the first three quarters of 2007, it still remained close to 60%. The growth rate of main business income accelerated from the fourth quarter of 2007, indicating that the downstream demand for machine tools is strong, and the governance structure of major listed companies is improving, the operating leverage is reduced, and the net profit growth in the first half of 2007 is much higher than that of the main business. The situation of business income growth. The machine tool industry is on the rise of machine tools as the basis of the industry boompm0927, industry development and fixed asset investment growth rate is closely related. The downstream demand for machine tools, including general equipment manufacturing, special equipment manufacturing, and automobile manufacturing, has maintained good investment growth, and demand for machine tools has remained strong. In domestic demand, CNC tool grinding machines are beginning to become mainstream, gradually replacing ordinary machine tools. Some domestic enterprises are able to produce lower-end CNC tool grinding machines, and high-end CNC tool grinding machines are still mainly imported. With the accumulation of domestic enterprise technology, the gap between the international leading enterprises has been greatly reduced. The advantages of domestic CNC tool grinding machines in terms of cost performance have begun to appear. Import substitution has begun to accelerate in domestic demand, and the proportion of CNC tool grinding machines in export is gradually increasing. Start to speed up. CNC tool grinding machines are in the midst of an industry boom.
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