Keep warming up! The first three quarters of China plastic machine revenue profit double growth

According to the Analysis of China Plastic Machinery Industry Association, from January to September 2020, 482 plastic machinery enterprises above the scale produced 227,660 units, down 18.31% year on year, but the operating revenue of 55.109 billion yuan (RMB, the same below), up 16.36% year on year, total profit of 6.311 billion yuan, up 47.63% year on year.  

In the first quarter, production, operating revenue and total profit fell 63%, 23% and 43% year-on-year, respectively, due to the impact of COVID-19.  The recovery was evident in the second quarter, with output up 15% year-on-year and 66% quarter-on-quarter compared with the first quarter.  Operating revenue increased 36% year-on-year and 80% quarter-on-quarter compared with the first quarter;  Total profits increased by 96% year-on-year and 312% month-on-month.  In the third quarter, production increased 37% year-on-year and 11% quarter-on-quarter;  Revenue was up 36% year-over-year, but down 1% from the second quarter;  Total profits rose 77 per cent year on year and fell 15 per cent from the second quarter.  

From the benefit index, the first three quarters of the plastic machine industry as a whole operating profit margin of 11.45%, the first quarter of the profit margin index is only 6.09%, the second quarter as high as 13.94%, the third quarter fell to 11.96% level.  Cost profit rate, total assets profit rate and asset-liability ratio are better than the average level of the national machinery industry in the same period.  

In terms of import and export, the total import and export volume of plastic machinery from January to September 2020 was 3.212 billion US dollars, down 5.17% year-on-year.  Among them, imports amounted to us $1.272 billion, down 12.4% year on year;  Exports reached 1.94 billion US dollars, up 0.25% year on year;  The trade surplus was us $668 million, up 38.33% year on year.  In the first half of the year, the import of plastic machinery was affected by the epidemic, and the import and export volume returned to positive growth in the third quarter.  

According to the segmentation products: import and export of injection molding machine continued to show a double downward trend, imports decreased 22%, exports decreased 5% year on year.  The import demand for extruders increased and the export declined significantly. The import value of plastic granulator increased by 5% and the export decreased by 42% year-on-year.  Imports of other extruders increased by 37% and exports decreased by 12% year-on-year.  In contrast to extruders, blow molding machine imports fell 44 per cent year-on-year, while exports rose 9 per cent.  Plastic hollow molding machine imports and exports were up 32%, 1%.  Plastic calendering machine imports and exports fell 14% and 45% year-on-year respectively.  

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