With only two months remaining until the end of the 2026 semi-annual report disclosure period, the machine tool industry faces a new round of performance verification. As major listed machine tool companies successively release their Q3 2026 reports, their operational performance for the first three quarters is becoming clearer. Against the backdrop of a 13.4% year-on-year growth in industry market size in the first half of the year, can leading companies sustain this momentum?
To facilitate a clearer comparison, MIR睿工业 (MIR DATABANK) has systematically compiled the operating revenue and net profit attributable to parent company shareholders for key machine tool manufacturers for the first three quarters of 2026 (in no particular order) for your reference.
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01、Overall Market Situation of China's Metal Cutting Machine Tools in Q1-Q3 and Q3 2026
In Q3 2026, China's metal cutting machine tool market continued its high-growth trend. Driven by demand growth in popular industries and recovery in certain niche sectors, the market size reached CNY 19.05 billion in Q3, a year-on-year increase of 15.3%. The cumulative market size for the first three quarters was CNY 61.70 billion, up 14.0% year-on-year.
In terms of growth pace, the quarterly growth rate of China's metal cutting machine tools rose from 10.7% in Q1 2026 to over 15% in Q2 and Q3, maintaining a high level of growth and exceeding initial expectations for three consecutive quarters. Meanwhile, stimulated by demand growth in sectors such as 3C electronics, semiconductors, and AI liquid cooling, leading manufacturers have generally accumulated sufficient orders, laying the foundation for Q4 performance growth.
Looking at Q3 alone, the growth of machine tool manufacturers primarily came from fields such as 3C electronics, AI liquid cooling, and semiconductors. Although the 3C electronics industry has a large base, it maintained strong growth momentum due to sustained increases in terminal application demand. While the market bases for AI liquid cooling and semiconductor industries are currently relatively small, they are growing rapidly and are gradually becoming emerging forces driving machine tool market growth.
Amid overall industry growth and robust downstream demand, domestic manufacturers generally demonstrated better adaptability. With faster market response speeds, more flexible supply chain systems, and price advantages, they exhibited strong growth capabilities in market competition. Domestic manufacturers such as Create Century Group and Qiaofeng Intelligent performed particularly well, with order growth exceeding expectations over the past three quarters.
02、Operating Revenue and Net Profit Attributable to Parent Company Shareholders Data Statistics for Major Chinese Machine Tool Manufacturers in Q1-Q3 2026
Operating Revenue and Net Profit Attributable to Parent Company Shareholders Data Statistics for Major Chinese Machine Tool Manufacturers in 2025 and Q1-Q3 2026
Data Source: Compiled by MIR DATABANK based on financial reports of major listed enterprises
In terms of manufacturer performance, the industry maintained a high-growth trend throughout the first three quarters of 2026. Leading manufacturers generally achieved performance growth, with some companies' growth rates exceeding market expectations. Among the key manufacturers that disclosed their Q3 reports, Create Century Group, Qinchan Machine Tool, Haitian Precision, Qiaofeng Intelligent, and Neway CNC stood out, achieving operating revenues of CNY 5.447 billion (+42.4%), CNY 3.43 billion (+10.1%), CNY 3.177 billion (+26%), CNY 2.868 billion (+53.3%), and CNY 2.699 billion (+30.4%), respectively.
03、Performance Highlights of Key Enterprises
Create Century Group: Rapid Ramp-up of AI Hardware Orders, Emerging Businesses Become New Growth Engine
Create Century Group achieved an operating revenue of CNY 5.447 billion in the first three quarters of 2026, a year-on-year increase of 42.4%; net profit attributable to parent company shareholders was CNY 575 million, up 65.6% year-on-year; new orders signed during the first three quarters totaled CNY 7.821 billion, a year-on-year increase of 77.22%.
From the perspective of order structure, a significant change in this round of performance growth for Create Century Group is that the driver of order growth has expanded from traditional 3C consumer electronics to emerging industries. Traditional 3C business remains the company's base, but the rapid development of areas such as AI server liquid cooling heat dissipation and optical modules is bringing new equipment demands. Meanwhile, the company's layout in fields such as NEVs, wind power, photovoltaics, and embodied robots is gradually translating into actual orders.
According to company disclosures, in the first three quarters of 2026, the order volumes in the three major segments of AI hardware, 3C consumer electronics, and the new energy industry ranked among the top. Specifically, new orders for AI hardware (including liquid cooling and optical modules) amounted to CNY1.997 billion, accounting for 25.54% of total orders and jumping to become the company's largest source of orders; new orders for the new energy industry (including NEVs, wind power, and photovoltaics) were CNY 1.111 billion, accounting for 14.20%; new orders for embodied robots were CNY 467 million, accounting for 5.97%.
Haitian Precision: Increased Orders Drive Production and Sales Volume, Revenue Growth Accelerates Significantly
In the first three quarters of 2026, Haitian Precision achieved an operating revenue of CNY 3.177 billion, a year-on-year increase of 26%, and net profit attributable to parent company shareholders of CNY 411 million, up 21.77% year-on-year. In Q3 alone, operating revenue was CNY 1.171 billion, a year-on-year increase of 36.55%; net profit attributable to parent company shareholders was CNY 128 million, up 27.41% year-on-year.
Regarding the reasons for performance growth, the company explicitly stated in its Q3 report that increased orders driving production and sales volume growth were the main reason for the rise in operating revenue. Combined with the semi-annual report, benefiting from the development of emerging industries and accelerated domestic substitution, demand for high-end domestic machine tool equipment remained robust. To respond to changes in market demand, the company continued to increase R&D investment, developed high-performance machine tool products for key industries, and promoted import substitution for high-end machine tools. Simultaneously, the company actively advanced the construction of its Ningbo high-end CNC machine tool intelligent production base, enhanced capacity in South China and overseas regions, and improved market response and order delivery capabilities by strengthening domestic and international market development and refining its delivery and service systems.
Neway CNC: Market Expansion and Order Acquisition Growth, Increased Sales Scale Drives Profitability Improvement
In the first three quarters of 2026, Neway CNC achieved an operating revenue of CNY 2.699 billion, a year-on-year increase of 30.4%; net profit attributable to parent company shareholders was CNY 276 million, up 33.7% year-on-year. In Q3 alone, operating revenue was CNY 1.032 billion, a year-on-year increase of 30.35%; net profit attributable to parent company shareholders was CNY 95.9108 million, up 25.78% year-on-year.
Regarding the reasons for performance growth, the increase in revenue was mainly attributed to active market expansion and growth in order acquisition; the increase in profit was primarily driven by higher sales volume and improved profitability.