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Shenji
Group Kunming Machine Tool Company Limited is a famous and
key enterprises for manufacturing large precision machine
tools in China. The predecessor of the company was the Central
Machine Works established in 1936. Later renamed as Kunming
Machine Tool Plant in 1953. On Oct.19.1993,Kunming Machine
Tool Co.,Ltd. was designated as one of the first nine pilot
enterprises and became the first and sole company in China’s
machine tool industry with A&H shares successfully listed
in HongKong and Shanghai respectively . In 2000, we conducted
a strategic assets restructuring with Xian Jiaotong University
Industrial (Group) Incorporation, and have got the current
name since the 29th March 2002. On 1st December 2006, Shenyang
Machine Tool (Group) Company Limited became the first large
stockholder of the company. The name of Company was renamed
Shenyang Group Kunming Machine Tool Co., Ltd on 24th October
2007.
On 25tth January 2007, the Ministry of Commerce approved
the nontradable share reform of the Company. After implementation
of the proposal, the total number of shares was increased
from 245,007,400 shares to 283,243,255 shares. In April 2007,
two shareholders of the Company, Shenyang Machine Tool (Group)
Co., Ltd and Yunnan State-owned Assets Operation Co., Ltd
jointly proposed the share increase proposal by conversion
of capital reserve. The proposal was approved by the Ministry
of Commerce. Then, it’s 424,864,883 shares in total; 25.08%
of which, 106,578,219 are the first large shareholders (possessed
by Shenyang Machine Tool (group) Company Limited); 11.07%
of which, 47,018,300 are the second shareholders (possessed
by Yunnan State-owned Assets Operation Company Limited); about
140,000,000 (33%) are Shanghai listed shares and about 112,000,000
(26.53%) are HongKong listed H shares.
The nontradable share reform, which has been proposed in
2006, was approved to conduct by State Assets Supervision
and Administration Committee of State Council in July 2009.
The share of Kunming Jinghua Company became tradable and listed.
Change in share capital: of the total number of 424,864,883
shares, 106,578,219 shares was for Shenyang Machine Tool (Group)
Co., Ltd, 47,018,331 shares for Yunnan State-owned Assets
Operation Co., Ltd and 158, 552,483 shares for public A shares.
According to the written reply , which issued by the State-owned
Assets Supervision and Administration Commission of the State
Council on 22 October 2009, 47,018,331 A Shares (representing
11.07% total issued share capital of the Company) held by
Yunnan State-owned Assets Operation Company Limited will be
transferred to Yunnan Industrial Investment Holding Group
Company Limited at nil consideration, who will perform the
functions as investor with regard to state-owned assets.
Since July 2010, the Commerce Department has approved the
share increase proposal by conversion of capital reserve.
After implementation of the proposal, the total number of
shares was increased to 531,081,103 shares and the registered
capital was increased to RMB531,081,103. 25.08% of which,
133,222,774 are the first large shareholders (possessed by
Shenyang Machine Tool (group) Company Limited); 11.07% of
which, 58,772,913 are the second shareholders (possessed by
Yunnan State-owned Assets Operation Company Limited); 37.32%
of which, 198,190,604 A shares; 26.53% of which, 140,894,812
H shares.
Now the Company occupies an area of 264,000㎡ and employs
2,636 people that is composed of 1,732 production workers
377 skilled technicians 59 sales and marketing 46 finances
and 141 administrations. The Company owns 1,200 machine equipments
and has 2 billion total assets.
In 2009, the Company recorded a turnover of RMB 1,372,197,000
and net profit of RMB 215,848,000, respectively as compared
with the turnover of RMB 1,563,105,000 and net profit of RMB
276,565,000 in the same period last year, representing a decrease
of RMB 190,908,000 and RMB 60,717,000 respectively. The Company
recorded the sales of machine tool products of RMB 1,117,621,000.
The Company is engaged principally in the design, development,
production and sale of machine tools, precision measuring
equipment and precision transducers and technicality services.
The main products include floor-type boring and milling machines,
gantry-type boring and milling machines, planer-type boring
and milling machines, horizontal boring machines, jig boring
machines, machining centers, precision rotary tables.
Since its establishment, the company has developed more
than 200 new products, 148 of them are the first one of its
kind. We have won 88 awards for the achievements in scientific
research from the State and provincial government, 18 awards
for the quality of its products, including two gold and three
silver medals in quality competitions. The products with “KJ”
brand are well known products in P. R. China. As one of the
top hundred “good quality” enterprises, we will do our utmost
to create a company with modern management, diversified products
and best economic return. Most of the above products have
been in a leading level of the country . The main products
are widely appreciated by the customers. These machine have
been preferred and enjoyed greatly by the machinery , aerospace
and aviation as well as automobile industries.
During the 2008 annual reporting period, the Company realized
an operating income of RMB1,563,105,000 and net profits of
RMB276,565,000, representing an increase of RMB260,720,000
and RMB33,607,000respectively as compared to RMB1,302,386,000
and RMB242,958,000 over the previous year. In particular,
the realized revenue and net profits from machine tool business
amounted to RMB1,302,130,000 and RMB281,868,000 respectively,
representing an increase of 26.18% and 23.98% over the previous
year; the realized revenue from non-machine tool business
fell by RMB28,251,000 over the previous year to RMB252,942,000,
whereas the net profits grew to RMB11,225,000 over the previous
year.
Our Chairman, Mr. Minghui Gao , and the General Manager,
Mr. Xiaoyi Zhang, on behalf of all staff, would like to thank
all our customers, stockholders and all other friends who
have supported us in various ways. We cordially invite businessman
from China and abroad to visit us for cooperation
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