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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. In 2006, Shenyang Machine Tool (group) Company Limited became the first large stockholder of the company and Kunming Machine Tool co.,ltd was renamed again 1th December 2006.
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.
Now the company occupies an area of 264,000m’ and employ 2,700 people and own 1,200 machine equipments. 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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