Recently, seven departments including the Ministry of Industry and Information Technology, the National Development and Reform Commission, the Ministry of Finance, the People's Bank of China, the State Administration of Taxation, the State Administration for Market Regulation, and the State Administration of Financial Supervision jointly issued the "Implementation Plan for Promoting Equipment Updating in the Industrial Sector" (hereinafter referred to as the "Implementation Plan" 》). The "Implementation Plan" proposes that by 2027, the scale of equipment investment in the industrial field will increase by more than 25% compared with 2023, and the penetration rate of digital R&D and design tools and the numerical control rate of key processes in industrial enterprises above designated size will exceed 90% and 75% respectively. The digital transformation of industrial enterprises above designated size in major cities and key parks has been fully covered. Production capacity below the energy efficiency benchmark level in key industries has basically been withdrawn. The energy efficiency of major energy-consuming equipment has basically reached the energy-saving level. The intrinsic safety level has been significantly improved. The promotion and application of innovative products has been accelerated. The proportion of advanced production capacity has continued. improve.
"This policy aims to promote industrial enterprises to speed up the pace of equipment updating, improve production efficiency and quality, promote high-quality development of the industrial economy, and enhance the overall competitiveness of my country's industry through large-scale equipment updating and technological transformation." Pai Pai Network Fortune Research Department Deputy Director Liu Youhua told a reporter from Securities Daily.
For industries such as industrial machinery, agricultural machinery, construction machinery, and electric bicycles where the overall production equipment is at a medium or low level, the "Implementation Plan" proposes to accelerate the elimination of backward and inefficient equipment and old equipment that has expired, and focus on promoting the renewal of the industrial machinery industry that has been in service for more than 10 years. Years of machine tools, etc.
Previously, Huadong Heavy Machinery stated that under the economic recovery situation at home and abroad, the company has seized the opportunities for upgrading and transformation of port machinery equipment at domestic and foreign terminals, and the number of tenders has increased to a certain extent. The company will continue to pay attention to national policies, focus on market development trends and its own actual situation, and seize new market opportunities for equipment replacement. Code CNC also stated that the company's downstream industries mainly cover aviation, machinery, shipbuilding, electronics, energy and other fields, all of which are key industries that promote equipment updating. From January to February 2024, the company's new orders increased by 45% year-on-year, of which the total machine business accounted for approximately 95%, a year-on-year increase of approximately 42%, and the functional component business accounted for approximately 4%, a year-on-year increase of approximately 153%.
A research report from Kaiyuan Securities shows that my country's machine tool production output value ranks first in the world. CCID Consulting statistics show that the scale of my country's industrial mother machine industry has resumed growth after a brief decline in 2022, and the industry scale will reach 368.84 billion yuan in 2023. The export volume was US$24.97 billion, a year-on-year increase of 11.3%; the import volume was US$12.82 billion, a year-on-year decrease of 2.4%.
But it should also be noted that my country's industrial motherboard industry still faces the dilemma of being "big but not strong", with the high-end localization rate being less than 10%. Liu Youhua introduced that compared with developed countries, my country still has a certain gap in high-end markets and core technologies.
Since the beginning of this year, favorable policies to promote the development of industrial mother machines have been issued frequently, and my country's machine tool manufacturers have also continued to increase investment, promoting the overall development of my country's industrial mother machine industry chain towards high-end development.
For example, Genesis has achieved positive results in the research and development of spindles, tool magazines, turntables and other components, obtained nearly 20 spindle-related patents, and achieved independence. In addition, in order to meet the needs of the high-end market, the company launched the "Heller" and "NESIS" high-end machine tool brands. A total of more than 10 high-end products have been launched on the market, and some products can already be domestically produced. Neway CNC's "Phase IV High-end Intelligent CNC Equipment and Core Functional Components Project" is under construction and is expected to be completed by the end of this year and put into production in 2025. After completion, it will expand the product line of high-end intelligent CNC equipment and core functional components, with a designed production capacity of 700 million Yuan.
"With the joint effects of manufacturing upgrades, independent innovation capabilities and policy support, my country's machine tool industry is ushering in important opportunities for transformation and upgrading, especially in the production of core components and the research and development of high-end products." Chief Investment Officer of Kurosaki Capital Executive officer Chen Xingwen told a reporter from Securities Daily that despite the obvious cyclical fluctuations in the machine tool industry, leading companies have shown strong market adaptability and competitiveness.
