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Shenyang Machine Tool (Group) Co. Country: China
10-1 Beierdong Rd., Tiexi District, Shenyang, Liaoning Prov. 110025, China. Phone +86-24-25878001
www.smtcl.com Brands: Shenyang, Schiess, Liaoning Precsn, Yunnan CY
www.schiess.de
Listed: Gov't-held stock company. Shenzhen Stock Exchange, Symbol Code 000410
Known as volume builder of low-end machines. Founded 1993 in absorption of several local plants. Holding company now includes Shenyang No.1 M-T Works, China Czech Friendship Works, China-Czech Radial Drilling Machine Works, Shenyang CNC Machine Tool Works, Shenyang Prima Laser, Liaoning Precision Apparatus Works, plus other entities like captive foundry. Acquires machine-tool builer Schiess (Germany; 2002 revenues $30-million) Nov. 2004 and Yunnan CY Group (China) Jan. 2005.
Values in Millions
Fiscal Year Ended Dec. 2009 Change Dec. 2008 Change Dec. 2007
Total Revenue, yuan renminbi 12,061.9 7% 11,284.5 12% 10,112.6
M-T Revenue, yuan renminbi 12,061.9 7% 11,284.5 12% 10,112.6
Net Profit (Loss), yuan renminbi na na na
U.S. $ Conversion Factor 0.1467 0.1442 0.1317
Total Revenue, U.S. $ 1,769.5 9% 1,627.2 22% 1,331.8
M-T Revenue, U.S. $ 1,769.5 9% 1,627.2 22% 1,331.8
Net Profit (Loss), U.S. $ na na na
Financial Notes:
Largest member of Group is Shenyang Machine Tool Co. Ltd. (a public company), which had operating revenues of CNY5,977.7-million ($877-million), down 8.7% from 2008, and net profit of CNY27.0-million ($3.9-million), up 21%%.  May 2010 Shenyang Machine Tool Co. Ltd. received 75-million-yuan grant from local development zone for testing and product development.