Driven by AI and new energy demand, orders for domestically produced industrial machine tools are booked through the second quarter of next year
Fueled by emerging industries such as AI and new energy, demand for domestically produced high-end industrial machine tools has surged. Orders at a Suzhou-based company for six-axis PCB drilling machines are already booked through the second quarter of next year, and output of its advanced series of equipment in the first half of the year exceeded twice that of the whole of last year. In the first half of 2026, revenue in China's machine tool industry reached 530.9 billion yuan, up 7.6% year on year, while total profit reached 19.6 billion yuan, up 110.8% year on year. Zhongtai Securities noted that Japan's Fanuc and Mitsubishi systems have been out of stock since April and the shortage is unlikely to be resolved in the short term, ushering in a window of opportunity for domestic substitution.
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According to a CCTV Finance report, since the beginning of this year, driven by emerging industries such as artificial intelligence and new energy, demand for high-end industrial machine tools has continued to surge. In an industrial machine tool production workshop in Suzhou, Jiangsu, a six-axis PCB drilling machine has been fully assembled and is undergoing final testing before shipment. A relevant person in charge of the company told reporters: "In the first half of this year, the company's output of main equipment for PCB (printed circuit board) increased significantly compared with the same period last year, among which the output of advanced series equipment has exceeded twice that of the whole of last year. Orders are already scheduled through the second quarter of next year."
Data show that in the first half of 2026, China's machine tool industry achieved revenue of 530.9 billion yuan, a year-on-year increase of 7.6%; total profit was 19.6 billion yuan, a year-on-year increase of 110.8%. A research report by Zhongtai Securities pointed out that domestic machine tool enterprises mainly procure systems from Japan's Fanuc and Mitsubishi. This round of shortages began to appear in early April 2026, became more severe in mid-April, and the shortage problem is expected to be impossible to resolve in the short term, ushering in a window period for domestic substitution; since the beginning of the year, strong capital expenditure in areas such as liquid cooling plates driven by AI computing power, AI server construction, as well as semiconductors and new energy vehicle components, has driven the continued recovery of machine tool demand.
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Weihong has been deeply engaged in motion control for more than 20 years, providing CNC systems and servo systems for domestic industrial machine tools. The company's third-quarter report disclosed that it has acquired a 16.35% stake in Luodingsen, a leader in high-precision pressure transmitters, and increased capital in Jutuo Intelligent, a five-axis CNC machine tool enterprise.
Since its establishment, Neway CNC has focused on the research and development, production and sales of medium- and high-end CNC machine tools, and currently has more than 300 models of products in series such as large machining centers, vertical CNC machine tools, horizontal CNC machine tools, and machine tools for typical industry applications.