Affected by COVID-19, the overall efficiency of China plastic machinery industry declined, but...

According to the analysis of China Plastics Machinery Industry Association, due to the influence of the COVID-19, the efficiency of China's plastics machinery industry will decline in 2020 due to the sanitary incident. From January to February, the efficiency of China's plastics machinery industry decline sharply: operating income of 5.539 billion RMB. The incident affected the decline in efficiency (RMB, the same below), a year-on-year decrease of 33.48%; the total profit of 79 million Chinese plastic machinery industry was affected by the health incident. Affected by the health incident, the benefit fell by 28,516 units, a year-on-year decrease of 75.16%; more than half of the 478 plastic machine enterprises above designated size suffered losses, with losses as high as 53.56%. (Statistics come from the National Bureau of Statistics)

Although the first two months of the impact of health incidents inChina’s plastic machinery industry in 2020, the decline in benefits was greatly affected by health incidents, plastic machinery, as the industrial parent machine of polymer composite materials, provides protection for masks, goggles, and breathing masks during the prevention and control of health incidents. The production of materials and medical items such as alcohol bottles, sterile water bottles, spray bottles, diagnostic reagent bottles, thermometers and medical toilet trays provides extremely important equipment guarantee, and is one of the industries that resume production earlier and have a higher resumption rate.

As the country’s new infrastructure policy blows frequently, the medical and health industry pays more attention to it, the demand for automobile release restrictions increases, the upgrade of electronic products accelerates, and the development of circular economy is imminent, it is foreseeable that the application demand of the plastic machinery industry in these fields will have The huge Chinese press industry suffers from the impact of health incidents, and there is a long room for profit decline.

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Ruian Bonada Machinery Co., Ltd, as the leading manufacturer and exporting of the plastic packaging machinery, in the first two month of 2020(from the middle of February to middle of April ),  it’s true that the sales performance declined during this two month, During the outbreak period, our company was supported by local government, in order to fight the outbreak, we were allowed to re-open in advance to produce the face masking machine and the disposable glove making machines.  In the next half year of 2020, our machines order total recovered, the orders are higher than usual at this time of year.