Recently, the China Machinery Industry Federation successfully held a press conference on the economic operation situation of the machinery industry for the whole year of 2024 in Beijing. It is reported that with the implementation and effectiveness of the "two new" policies and a package of policy measures, China's machinery industry achieved stable growth in multiple economic indicators in 2024. The total import and export volume, export volume, and trade surplus all reached record highs.

Among these figures, the total import and export volume of machinery industry goods reached $1.17 trillion, a year-on-year increase of 7.5%; exports amounted to $869.36 billion, up by 11% year-on-year; and the trade surplus stood at $569.69 billion, a year-on-year increase of 16.6%. The robust export performance indicates that the competitiveness of China's machinery industry in the global market is continuously strengthening. As machine tools are the core production equipment of the machinery industry, their market demand will undoubtedly be further unleashed with the expansion of the machinery industry. This data performance also clearly clarifies the future development direction and strategic positioning for the leading domestic machine tool manufacturing enterprises.

Location One: International Market Expansion

In 2024, the machinery industry's exports to countries involved in the Belt and Road Initiative (BRI) increased by 14% year-on-year, accounting for 51.5% of the total exports. Machine tool companies can closely follow the new trends in international market demand, actively seize the cooperation opportunities brought by the Belt and Road Initiative, strengthen channel development in regions such as Southeast Asia, Central Asia, and the Middle East, proactively expand their international market space, and enhance their brand's international visibility.

Location Two: Technological Innovation and Upgrade

In 2024, the machinery industry achieved remarkable progress in its transformation towards high-end, intelligent, and green development. Machine tool enterprises can seize this opportunity to increase their R&D investment, focus on core technologies such as high-end CNC machine tools and five-axis联动processing centers, break through the "bottleneck" challenges, enhance the added value of their products, and meet the domestic market's demand for high-end machine tools.

With the accelerated intelligent transformation of the machinery industry, in 2024, over 80 machinery companies were selected for China’s first batch of top-tier intelligent factory projects. Against this backdrop, machine tool enterprises should also actively plan for digital transformation to improve production efficiency and product quality, in order to meet market demands.

Looking at the development overview of Jinling Machine Tool in recent years, as a key enterprise in the equipment manufacturing industry under Hunan Province's "Three Highs and Four New" strategy, the company has long focused on the fields of high-end CNC cutting machine tools and new energy intelligent equipment. Its products and technologies have made breakthroughs in key areas such as construction machinery, precision electronics, rail transit, aerospace, military industry, and lithium batteries.

For example, the CKC/CKD II series of CNC lathes, CKT slant-bed CNC horizontal lathes, GP series heavy-duty double-sided grinding machines, ultra-precision semiconductor intelligent grinding and polishing machines, five-axis machining centers, and CNC systems. The research and development of multiple series and specifications of products has not only effectively broken through the Western technological blockade but also opened up a broader path for China's machine tool industry's import substitution strategy. At the same time, it has provided downstream manufacturing enterprises with high-performance and significantly beneficial equipment solutions, offering solid equipment support for their leapfrog improvement in technical performance.

Looking ahead, Jinling Machine Tool will continue to unswervingly advance technological innovation and industrial upgrading, and further deepen cooperation among industry, academia, and research institutions. It is committed to breaking through and iterating more core "bottleneck" technologies. On this basis, Jinling Machine Tool will also further optimize its strategic layout in the international market, strengthen brand building, and thus inject more momentum into the high-quality development of China's machinery industry, helping the industry move towards a higher level of internationalization and high-end development.