The high reserve requirement ratio is running into a situation where small and medium machine tool companies are in trouble

The central bank again raised the deposit reserve ratio by 0.5 percentage points, and then reached a historic high of 21.5%. As the deposit reserve ratio is operating at a high level, the financing of some SMEs has begun to become difficult, especially for manufacturing companies that have slow capital recovery, and the financial pressure they face will be even greater.

In machine tools and machinery manufacturing companies in some areas of Zhejiang, these companies have expressed that the shortage of funds has become an important factor affecting the current development and expansion of enterprises. Especially for machine tools and tools companies, they are facing the dual pressures of their own financing difficulties and the deceleration of the investment of small and medium-sized machinery manufacturing companies. The resulting chain reaction exposes the development difficulties of small and medium-sized machine tool companies.

Difficulties in bank loans make it difficult for companies to raise funds

The machine tool industry continues to show rapid growth this year. Many companies have indicated that their products have been in short supply in the first few months of this year, and production plans have already been scheduled for the second half of the year. Capacity expansion has become an important means for many machine tool companies to seize market share.

However, unlike other industries, the profit margins of machine tools and tooling companies are generally low. Except that some large companies have sufficient funds to guarantee, most SMEs still need to pass bank loans when investing in new plants and equipment. to fulfill.

The data show that the latest increase in reserve ratio can freeze the bank system funds more than 370 billion yuan, of which, the reserve ratio of small and medium banks rose to a high of 18%, for many small and medium-sized bank loans as the main financing channels for medium and small machine tool companies To a certain extent, it has caused its financing pressure to increase.

In this regard, some experts have appealed that the state should implement policy support for SMEs while tightening liquidity policies.

Shortage of funds triggers a chain reaction

The high reserve ratio operation also adversely affected the development of many small and medium-sized manufacturing companies. According to reports, many small and medium-sized industrial enterprises have gone bankrupt in Wenzhou, Zhejiang Province. The reporters also found that in actual investigations in Ningbo and Taizhou, there have been difficulties in business operations.

In Ningbo, problems have arisen in the capital chain of some industrial manufacturing companies with a scale of less than 100 employees. A person in charge of a hydraulics production company could not accept an interview with reporters because he spent all day at the bank hoping for financial support.

In Taizhou, the shortage of funds has also become a bottleneck restricting the development of manufacturing companies. Zhengtian Holding Group is an auto parts manufacturer with a certain scale. The company is also subject to restrictions on bank loans. However, due to its strong anti-risk ability, the fund needs can be solved by itself. However, companies such as Zhengtian are still a minority in the local area. Most of the companies are small in scale and are greatly affected by the constraints of funds. The person in charge of Zhengtian Holdings told the reporter that according to the information he had learned, many manufacturing companies had gone bankrupt.

This will inevitably affect the future sales expectations of machine tool companies. These small and medium-sized manufacturing companies are the main customer groups of small and medium-sized machine tool companies. Although orders are still in the short-term, we have to doubt that if banks continue to tighten, the purchasing power of major customer groups will decline. , The impact on orders for small and medium-sized machine tool companies will increase.

Not only that, but also the manufacturing companies supporting the machine tools and tools companies have a great impact, which to a certain extent also affects the normal production of machine tool companies.

Xiling Group is a large-scale machine tool manufacturing enterprise in Wenling City. Its radial arm drills and other products are mainly for small and medium-sized manufacturing enterprises. The market share is high, and sales in the first half of this year are also good. However, the person in charge of the sales told reporters that they believe that the next step in the development of the industry is a downward trend, so it will gradually increase the productivity of CNC machine tools, reduce the production of ordinary products to respond to market changes.

In Taizhou, Zhejiang, there are a total of more than 2,000 machine tool companies. Most of these enterprises have production values ​​of less than 10 million yuan, and the products they produce are mostly low-end products for small and medium-sized manufacturing companies. The added value of the products is low, and labor costs and raw material costs are low. As the market continues to rise, the development of small and medium-sized machine tool companies will be bleak.