According to the statistics of the National Bureau of statistics, from January to November 2020, the operating revenue of Enterprises above Designated Size in China's machine tool industry decreased by 1.6% year-on-year, 1.8 percentage points lower than that from January to October; the total profit increased by 15.2% year-on-year, 1.8 percentage points higher than that from January to October.
From January to November 2020, the main economic indicators of the key contact enterprises of China machine tool and Tool Industry Association continued to rise rapidly, and the operating revenue of machine tool and tool industry increased by 2.5% year on year, 2.3 percentage points higher than that of January to October. The total profit increased by 17.5% year-on-year, 7.5 percentage points lower than that from January to October. The new orders of metal processing machine tools increased by 16.0% year on year, and the orders in hand increased by 7.6% year on year. The order indexes of metal cutting machine tools and metal forming machine tools were in a positive growth range.
In general, with the gradual effectiveness of various policies and measures, the market demand is obviously picking up. In November 2020, the machine tool industry will continue the trend of rapid recovery, and the overall operation quality will obviously pick up. But at present, the external environment is complex, the profitability of some sub industries has not yet recovered, and there is still some pressure on the overall operation.