The hottest Kunming Machine Tool lowers performanc

2022-08-23
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Kunming Machine tool lowered performance expectations

Kunming Machine Tool announced on the evening of July 10 that the board of directors of the company considered and approved the proposal to adjust the 2013 annual financial budget report. The adjusted budget target is: operating revenue of 1billion yuan and net profit of 5million yuan. The target of this adjustment is based on the initial budget report of the company at the end of March this year. The budget target at that time is: revenue of 1.25 billion yuan and net profit of 10million yuan. Kunming Machine Tool announced on the evening of July 10 that the board of directors of the company reviewed and approved the proposal on adjusting the 2013 annual financial budget report. The adjusted budget target is: operating revenue of 1billion yuan and net profit of 5million yuan. The target of this adjustment is based on the initial budget report of the company at the end of March this year, which was confirmed by Mitsubishi materials. The budget target at that time was: revenue of 1.25 billion yuan and net profit of 10million yuan

the performance of the company is closely related to the prosperity of its industry. The move of Kunming Machine tool to reduce performance expectations and adjust the net profit target from 10million to 5million reflects the continuous downturn of the machine tool industry in recent years

public information shows that the monthly output of CNC metal cutting machines has been declining since the second half of 2011 in the domestic machine tool industry. By January 2012, the monthly output of only 10000 units had fallen by 57.54% month on month and 37.73% year on year

in 2012, the machine tool industry continued the recession in the second half of 2011. Public data as of July 2012 showed that the domestic production of metal cutting machine tools was 450000 in January and July, a year-on-year decrease of 16%. Among them, the output of CNC metal cutting machine tools was 120000, a year-on-year decrease of 18.37%. After a slight recovery in the first quarter, the monthly output of CNC metal cutting machines began to decline month on month in June. In July, the monthly output was only 17000 units, down 17.24% month on month

the sluggish market performance of the machine tool industry in recent years has directly affected the business situation of Kunming Machine tool. In addition, the company's major precision products have overcapacity in the downstream industry, as well as the problem of high-end imports occupying space. The above reasons caused the loss of Kunming Machine tool. According to the financial report of Kunming Machine tool, the company's operating income in 2012 was 1.086 billion yuan, and the net profit loss was 73.22 million yuan; In the first quarter of 2013, the company also suffered a loss of 8.162 million yuan

as for the situation of the machine tool industry in 2013, Lange analyst Dr. Wang Guoqing said in an interview: the overall manufacturing industry in China is not very prosperous this year. Under the condition that P has a destructive network, the MI index remains at 50%, but the state of monthly decline reflects that the manufacturing industry is in a moderate state, and the machine tool industry in which it is in the same situation

according to Wang Guoqing, the industry is closely related to the economic trend. Under the overall economic downturn, companies in the industry cannot go against the trend to obtain good profits. However, Wang Guoqing also believes that Kunming Machine tool will usher in certain development opportunities after the second quarter. She said: in order to achieve the goal of maintaining the minimum limit of economic growth, relevant policies to maintain and stabilize growth will be issued after the second quarter, and various industries will have a certain amount of demand based on these policies

it is worth noting that recently, global industry analysts Inc. (global "a very promising waterproof material (polyurea) was destroyed) recently released a report called machine tools: global strategic business report. The report research shows that the world machine tool industry is in the first stage of rebound, and the total market value of the global machine tool market is expected to reach US $80.7 billion by 2015

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