Affected by the new crown epidemic, production, operating income and total profit in the first quarter fell by 63%, 23% and 43% year-on-year respectively. The recovery in the second quarter was obvious, with output increasing by 15% year-on-year and 66% from the first quarter; Operating income increased by 36% year-on-year and 80% quarter-on-quarter compared with the first quarter; total profit increased by 96% year-on-year and 312% month-on-month. In the third quarter, production increased by 37% year-on-year and 11% month-on-month; operating income increased by 36% year-on-year, but decreased by 1% from the second quarter; total profit increased by 77% year-on-year, and fell 15% from the second quarter.
From the perspective of efficiency indicators, the overall operating income profit rate of the press industry in the first three quarters was 11.45%, of which the profit rate indicator was only 6.09% in the first quarter, as high as 13.94% in the second quarter, and dropped to 11.96% in the third quarter.Indicators such as the profit rate of cost and expense, the profit rate of total assets and the asset-liability ratio are better than the average level of the national machinery industry in the same period.
In terms of import and export, the total import and export volume of plastic machines from January to September 2020 was US$3.212 billion, a year-on-year decrease of 5.17%. Among them, the import value was US$1.272 billion, a year-on-year decrease of 12.4%; the export value was US$1.94 billion, a year-on-year increase of 0.25%; the trade surplus was US$668 million, a year-on-year increase of 38.33%. In the first half of the year, the impact of the epidemic on plastic machinery imports fell more than exports, and both imports and exports returned to positive growth in the third quarter.
In terms of product breakdown, the import and export of injection molding machines continued to show a double-decline trend, with imports down 22% year-on-year and exports down 5% year-on-year. Import demand for extruders has increased and exports have declined significantly. Among them, the import of plastic pelletizers increased by 5% year-on-year, while exports fell by 42% year-on-year;
Imports of other extruders increased by 37% year-on-year, and exports decreased by 12% year-on-year. Contrary to the situation of extruders, blow molding machine imports fell 44% year-on-year, while exports increased 9% year-on-year. The import and export of plastic hollow molding machines increased by 32% and 1% respectively. Plastic calendering machine imports and exports fell 14% and 45%, respectively.