1. Machine tool companies actively fight against the epidemic
After January 23, 2020, the new crown epidemic spread rapidly in Hubei and quickly spread to the whole country. Wuzhong Group, who was born in Wuhan, also urgently participated in the construction of Huoshenshan Hospital and undertook the construction task of welding medical oxygen transmission pipelines. At the same time, as a national basic and strategic industry, enterprises in the machine tool industry have taken active actions to complete technical breakthroughs in the shortest time and invest in the production of epidemic prevention equipment and its components, which has effectively eased the supply of epidemic prevention materials. The epidemic prevention and control battle has made important contributions.

2. Production and operations continued to pick up after the epidemic, and market demand was better than expected
The outbreak of the new crown epidemic in early 2020 has profoundly affected the normal operation of my country's economy and society, and also brought an unprecedented impact on the machine tool industry. The party and the country took decisive and effective measures in a timely manner, the epidemic situation was quickly brought under control nationwide, enterprises gradually resumed work and production, and the production and operation of the machine tool industry was on the right track month by month. According to the statistics of the National Bureau of Statistics, the total profit of the machine tool industry from January to August 2020 increased by 6.7% year-on-year, and the year-on-year decline turned to growth for the first time during the year. From January to October 2020, the operating income of the key enterprises of China Machine Tool Industry Association returned to positive growth for the first time during the year, orders for metal processing machine tools increased by 14.8%, and the total profit increased relatively rapidly.

3. Broaden financing channels for machine tool companies
With the gradual implementation of the state's measures to support the real economy, the financing channels for machine tool companies have been continuously expanded. On June 30, 2020, Guosheng Zhike, a subsidiary of Nantong Guosheng Intelligent Technology Group, was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange; on September 16, Zhejiang Heideman Intelligent Equipment Co., Ltd. was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange. On March 13, 2020, Shaanxi SASAC, the controlling shareholder of Qinchuan Machine Tool Co., Ltd., transferred all 15.94% of the company's shares to Shaanxi Fast Auto Transmission Group Co., Ltd., which is a user enterprise. The Fast Group invested in and reorganized Qinchuan Machine Tool. At the same time, in 2020, the national manufacturing transformation and upgrading fund and related funds began to invest in machine tool companies.

4. Breakthroughs and progress in standards and quality work
With the continuous deepening of machine tool industry standards and quality construction work, the industry will make breakthroughs and progress in standard upgrading and quality improvement in 2020. In January 2020, the international standard ISO10791-7:2020 "Test conditions forming centres-Part7: Accuracy of finished test pieces (Machining Center Inspection Conditions Part 7: Accuracy Inspection of Finished Test Pieces)", which was revised under the auspices of China, won the international standard The Organization for Standardization (ISO) approved the official release, and the "S test piece" five-axis machine tool detection method officially became an international standard. In May 2020, the "NC Machine Tool Interconnection Communication Protocol Standard (NC-Link) and Test Verification Project" organized by the China Machine Tool Industry Association passed the acceptance and formed the association group standard, which established a unified network for the interconnection of CNC machine tools in my country. The standard will play a positive role in promoting the construction of smart factories and smart workshops. In September 2020, the China Machine Tool Industry Association's group standard "Vertical Machining Center Product Quality Evaluation Specification" entered the test and verification stage, and the other 4 group standards were included in the 2020 association group standard formulation plan.