Self Tapping Insert,302 Self-Tapping Insert,Self Tapping Insert Type 302,Thread Inserts Type Of 307 Steel Shenyang Helisert Technology Co., Ltd , https://www.helisert.com
The machine tool industry, which has experienced a downturn over the past two years, had high hopes for market improvement in 2013. The entire sector was eager to see how companies would perform. However, more than half a year has passed, and by the end of August, the semi-annual reports from listed machine tool companies were finally released. Unfortunately, the first half of 2013 did not bring the expected recovery. Many listed companies continued to struggle, with performance stagnating or even declining further, some even reporting losses.
**Performance losses increase future development is difficult to anticipate**
Over the past two years, performance losses have become a new reality for the machine tool industry, replacing the previous trend of gradual decline. Kunming Machine Tool, which released its first-half report on August 30, reported a net profit attributable to shareholders of approximately -43.61 million yuan, compared to about 3.59 million yuan in the same period last year. This represents a staggering decrease of 1313.91%. The company attributed the drop to a market downturn, fierce competition, reduced operating income, and a shrinking production and sales scale that led to higher fixed costs and lower gross margins.
Kunming Machine Tool also noted that the domestic machine tool industry continued the trends seen in 2012, with a significant drop in demand for low-end products, continued price declines for mid-range products, and a rise in the import of high-end CNC machines. This mismatch between product structure and market demand intensified competition among manufacturers.
Other companies, such as Qinghai Huading, Huadong CNC, and Qinchuan Development, faced similar challenges. Qinghai Huading reported a net loss of -12.37 million yuan for the first half of 2013, up from -10.14 million yuan in the same period last year, marking a 21.94% increase in losses. Huadong CNC saw a net loss of -29.18 million yuan, a 281.45% increase compared to the previous year. Qinchuan Development suffered a massive loss of -364 million yuan, down from 8.33 million yuan in the same period, a 143.74% decline.
Investors are increasingly concerned, as there are no clear signs of improvement in the second half of 2013 or into the following year. While some companies remain optimistic about their future, many investors are waiting anxiously for the industry to turn around.
**The decline in performance is still expected by listed companies**
While many companies are struggling, some are managing to maintain at least a small level of profitability. Shenyang Machine Tool, one of the leading players in the industry, reported a net profit of 10.25 million yuan for the first half of 2013, down from 53.27 million yuan in the same period last year—a drop of 80.75%. Despite this, it managed to stay profitable, which has given some investors a sense of relief in a weak market.
Shenyang Machine Tool also highlighted its efforts to improve core competitiveness. It developed several new CNC machines based on national science and technology projects and overseas R&D centers. Products like ASCAMILL and ASCARAPID were successfully launched, showcasing a blend of German technology and Chinese manufacturing. Additionally, the company expanded its services beyond just selling machines, offering financial services, remanufacturing, and industrial design to provide full lifecycle management.
Other companies, like Huazhong CNC and Nantong Technology, also reported significant declines but are working on restructuring and innovation. Huazhong CNC focused on strengthening partnerships with key manufacturers and expanding into aerospace and automation sectors. Nantong Forging adjusted its product mix and invested in advanced machinery to boost production capacity.
Despite the challenges, most companies believe the current economic slowdown is temporary. They remain confident that large-scale industrial upgrades and technological transformations will eventually create new opportunities for growth in the equipment manufacturing sector.
Self-tapping threaded inserts are suitable for creating heavy-duty, wear-resistant and vibration-proof fastenings in materials with low shear strength, such as aluminium, brass, bronze, cast iron or duro and thermoplastics. Threaded inserts with cutting slot are available in steel and stainless-steel versions.