In May, Shanghai and other places were still under strict epidemic control, and the impact of the epidemic was still prominent. From the data from January to May 2022, the operating income of key contact enterprises of China Machine Tool&Tool Industry Association increased by 0.4% year on year, 3.8 percentage points lower than that from January to April. The total profit of key contact enterprises increased by 29.5% year on year, down 12.8 percentage points from January to April. The new orders of metal processing machine tools decreased by 4.1% year on year, 2.3 percentage points higher than that in January April, and the orders in hand increased by 2.5% year on year, 1.0 percentage points lower than that in January April.

According to the data of the month in May, the monthly operating income in May decreased by 12.9% year on year and 12.6% month on month, 7.5 and 5.6 percentage points higher than that in April. The monthly total profit in May increased by 1.6% year-on-year and 4.1% month on month respectively, turning from a decline in April to an increase. The monthly new orders in May decreased by 17.1% year on year and 21.1% month on month respectively.

According to Chinese customs data, from January to May 2022, the total imports of machine tools and tools will be 5.19 billion US dollars, down 9.0% year on year; The total export volume was 8.11 billion US dollars, up 12.7% year on year. Exports continued to grow significantly.

The downward trend of the main indicators of the key contact enterprises of the Association from January to May and in May was mainly caused by accidental epidemic factors, and the fundamentals of domestic economic stability and improvement remained unchanged. Since the beginning of June, the epidemic situation in Shanghai and Beijing has been controlled, social production and life have recovered rapidly, and machine tool industry enterprises have basically resumed normal operation. It can be expected that the machine tool industry will soon return to the normal growth track if there is no big rebound in the domestic epidemic.