sales income margin was 5.8%, down 0.7 percentage points over the same period last year.

Executive Vice President and Secretary General of China Machine Tool Industry Association, said Wang Liming, on the 6th, 2013 is expected to total industrial output value of China's machine tool industry will maintain a growth rate of over 10%.
According to Wang Liming, this year the first 10 months, China's machine tool industry is facing a grim situation. Industry data provided by the National Bureau of Statistics show that wind turbine bearings industry-wide sales growth fell significantly, profits negative growth; key enterprises and associations of industrial output since the beginning of this year showed a double-digit negative growth, corporate orders and new orders in hand were sharply inventory increased significantly.
National Bureau of Statistics show that from January to October this year, the country's machine tool industry in total industrial output value of 576.67 billion yuan, up 11.1 percent; product sales value totaled 559.27 billion yuan, an increase of 10.8%, product taper roller bearing sales was 97.0%, decrease 0.3 percentage points over the previous year; investment in fixed assets totaled 14.2%, down 40.7 percentage points higher than the previous year. In the first nine months, the machine tool industry realized profits of 28.35 billion yuan, down 3.6%, sales income margin was 5.8%, down 0.7 percentage points over the same period last year.