Economic Operation Analysis of Forging Industry

I. Overall Economic Operation of Forging Industry

 

Since 2018, according to the current situation, the downward pressure of forging, stamping and sheet metal manufacturing industry has increased, showing a slow and slight decline. The specific characteristics are as follows:

 

1. The profits of all enterprises continue to decline, and the output of individual enterprises has increased, but the profits are also declining. It should be pointed out that the products of these few enterprises are by no means large-scale and wide-ranging products, they are all products with characteristics, or the production equipment has obvious advantages. Taking the automobile industry as an example, especially the supporting enterprises of the car industry, the living environment is still optimistic. In stamping and sheet metal industry, it is better to produce products related to high-end consumer electronic products and roll forming products.

 

2. New investment continued to decline and showed no signs of recovery. Continued last year's situation, investment in general equipment has stopped, while investment in upgrading equipment, putting into automated production lines, equipment automation, energy-saving and material-saving transformation, and conforming to national industrial policies continue.

 

3. High-end products are scarce, and enterprises generally feel that the pressure of survival is increasing, especially the traditional manufacturing enterprises are in a rather difficult situation.

 

In the first quarter, the whole industry has greater unfavorable factors in market demand, financial services and living environment, which brings more confusion to enterprises.