Jinshang Machine Tool, officially known as Jinshang Precision Machine Tools (China) Co., Ltd., specializes in manufacturing high-precision CNC machine tools. With technological innovation and product upgrades, it has solidified its leading position in the industry. The successful construction of its new factory in Ma’anshan will significantly enhance production capacity, meeting the market demand for high-precision machine tools. Its products are not only popular domestically but also expanded into the international market.
Jinshang Machine Tools stands out among numerous machine tool manufacturers with its technological innovation, rich product line, professional services, active market performance, and good customer reputation, earning everyone’s trust.
Among the myriad of machine tool manufacturers, how does Jinshang Machine Tools become the most dazzling star? Its winning strategy can be described as “blooming in all aspects, with key breakthroughs.”
Firstly, the brand’s advantage:
As a subsidiary of Japan’s Jinshang in China, Jinshang Machine Tools inherits the brand’s advantages and deep technical foundation, focusing on the development, production, and sales of various precision machine tools, including precision automatic lathes, precision turret lathes, precision machining centers, and precision grinding machines.
Technology is the key. With continuous technological innovation and product upgrades, Jinshang Machine Tools has solidified its leading position in the precision machine tool industry and met the growing demand for high-end CNC machine tools in the manufacturing industry, including:
New Horizontal Machining Center FMA5-V:
Jinshang Machine Tools successfully developed and shipped the first new horizontal machining center FMA5-V, representing the company’s latest technological achievements in precision machining.
Precision Grinding Machines:
The technology of Jinshang Machine Tools’ precision grinding machines continues to advance, meeting the market’s stringent requirements for high-precision machining.
Automation Technology:
Jinshang Machine Tools continues to innovate in automation. Its products, such as precision automatic lathes, are highly automated and can be widely used in parts processing that requires high precision and large-scale production, such as mobile phone parts, 5G connectors, and shaft parts in automobiles.
New Product Development:
Jinshang Machine Tools is developing a precision automatic lathe for the semiconductor market and a precision horizontal machining center for automotive parts and mold processing. The launch of these new products will further enrich the company’s product line and meet the needs of more industries.
At this time, the expansion of production capacity is also a manifestation of strength:
Jinshang Machine Tools is expanding its production capacity by establishing a new factory in Bowang District, Ma’anshan City, Anhui Province, to meet the market demand for high-precision machine tools. This investment is expected to be about 200 million yuan, and the new factory is expected to produce 18,000 tons of metal castings and 1,200 CNC high-precision machine tools annually. In addition, Jinshang Machine Tools is also increasing equipment investment in its existing factory in Anhui to expand the production capacity of parts processing, with the goal of producing 3,000 machines per year after full production.
A new factory is under construction in Pinghu, which is expected to be completed in July 2024. Once fully operational, it will be able to produce 4,000 to 5,000 machines per year. To adapt to market demand, Jinshang Machine Tools launched a number of new products in the fiscal year 2024 and plans to further expand production capacity in the next fiscal year.
In terms of sales network, the number of distributors and customer base of Jinshang Machine Tools China are growing. As of September 30, 2024, the number of distributors reached 416, an increase of 13% compared to the end of March 2023, and the number of customers reached 8,492, an increase of 6% compared to the end of March 2023.
Despite facing the challenge of weakening market demand, Jinshang Machine Tools has successfully increased its gross margin to 28.7% and its net profit to 480 million yuan through measures to reduce costs and improve efficiency. This proves the company’s strong performance in profitability and cost control. With these strategic expansions and product innovations, Jinshang Machine Tools is laying a solid foundation for future growth.
Jinshang Machine Tools also has an excellent market performance
Its products are not only popular in the Chinese market but also sold worldwide, showing an excellent performance in the global market layout:
(1) From January to March 2024, the export volume of Chinese machine tools was 3.94 million units, with an export value of 25.86538 billion US dollars, a year-on-year increase of 13.6%, showing that the export of Chinese machine tools continues to grow;
(2) In the second half of 2024, overseas sales reached 490 million yuan, showing the company’s competitiveness in the international market.
To judge whether a brand is trustworthy, of course, there is a most direct and clear step – the reputation of the customer.
Jinshang Machine Tools meets a wide range of industry needs with its rich product categories, including precision automatic lathes, precision turret lathes, precision machining centers, precision grinding machines, and other machine tools. In addition, the company provides a professional service team that not only provides customers with detailed pre-sale consultation but also is responsible for installation, debugging, and after-sales service to ensure that customers can correctly use the machine tools, thereby maximizing the value of the machine tools.
Customers have given positive evaluations of Jinshang Machine Tools’ products and solutions. They generally believe that Jinshang Machine Tools’ products not only improve production efficiency and product quality but also help reduce production costs. This reflects that Jinshang Machine Tools not only meets customer needs but also creates actual economic value for them.
Further demonstrating the company’s commitment to customers and shareholders is Jinshang Machine Tools China’s high dividend policy. The company plans to distribute a final dividend of 0.4 Hong Kong dollars per share, and the total dividend for the year reaches 0.8 Hong Kong dollars per share. This not only reflects the company’s commitment to shareholder returns but also highlights Jinshang Machine Tools China’s financial stability and profitability in the industry.
All of this has laid a solid foundation for Jinshang Machine Tools to gain a good reputation, widespread customer recognition, and praise.
With technical support, performance in capacity expansion, excellent market performance, and a good reputation, I believe that everyone’s trust in Jinshang Machine Tools has increased after seeing this.
The success of Jinshang Machine Tools is like a wonderful performance, where every link has been carefully designed and rehearsed, and finally won the applause of the audience, worthy of everyone’s trust!
