JACK(SH:603337) 第一财经·2025-07-21 14:44Core Viewpoint - The article discusses the shift of Chinese sewing machine manufacturers towards overseas markets due to domestic market challenges and geopolitical factors, highlighting the importance of innovation and smart manufacturing in maintaining competitiveness. Group 1: Market Dynamics - The domestic sewing machine market has seen a significant decline, nearly halving due to reduced demand from the apparel sector, while exports have continued to grow, partially offsetting this decline [3][4]. - The global sewing machine market is currently in a phase of stock competition, with the industry entering a low point after reaching a peak in 2021, but a gradual recovery is expected by the end of next year [3][4]. Group 2: International Expansion - Companies are increasingly focusing on international markets, with a notable shift towards regions like Bangladesh, which is predicted to become a major global apparel production hub [7]. - The trend of "going out" is seen as an opportunity for Chinese brands, as they adapt to local markets and face challenges such as safety and financial risks [6][7]. Group 3: Innovation and Smart Manufacturing - The article emphasizes the need for continuous innovation and upgrading within the Chinese manufacturing sector, particularly in smart manufacturing, to navigate global economic challenges [9][11]. - Jack Technology has introduced AI sewing machines that enhance the learning capabilities of sewing equipment, marking a significant step towards intelligent manufacturing [9][11]. Group 4: Industry Growth Projections - The China Sewing Machinery Association estimates that the total production of industrial sewing machines will reach approximately 6.85 million units in 2024, reflecting a year-on-year growth of 22.32% [12]. - High-tech product exports from China have seen a growth of 9.2% in the first half of the year, with a notable increase in the share of self-owned brands [12].