Established in 1936, Kunming Machine Tool Co., Ltd. of Shenji Group is a supplier of large precision machine tools, primarily specializing in research and development, design, production, and sales of horizontal, large CNC floor-type and gantry-type boring and milling machines.
Kunming Machine Tool Co., Ltd. of Shenji Group was originally established as the Central Machine Factory in 1936.
In 1953, it was renamed as Kunming Machine Tool Factory.
Kunming Machine Tool Co., Ltd. was officially registered on October 19, 1993 and is a publicly listed company both domestically and internationally.
In 2000, the company underwent a strategic asset restructuring with Xi’an Jiaotong University Industry (Group) Corporation.
On March 29, 2002, it was renamed as Jiaoda Kunji Technology Co., Ltd.
On September 15, 2005, Xi’an Jiaotong University Industry (Group) Corporation, the company’s largest shareholder, signed an equity transfer agreement with Shenyang Machine Tool (Group) Co., Ltd. and Shenyang Machine Tool (Group) Co., Ltd. acquired all shares held by Xi’an Jiaotong University Industry (Group) Corporation, becoming the largest shareholder of the company.
On October 24, 2007, it was renamed as Shenyang Machine Tool Co., Ltd.
On January 25, 2007, the company’s plan for the reform of non-tradable shares was approved by the Ministry of Commerce. After the implementation of the plan, the company’s total share capital changed from 24,500,740 shares to 28,324,325 shares.
In April 2007, the company’s shareholders Shenyang Machine Tool (Group) Co., Ltd. and Yunnan State-Owned Assets Management Co., Ltd. jointly proposed a plan to convert the company’s capital reserve into equity, which was approved by the commercial department and implemented.
As a result, the company’s total share capital changed to 42,486,483 shares with a registered capital of 42,486,483 yuan. Shenyang Machine Tool (Group) Co., Ltd. holds 10,657,821 shares, accounting for 25.08% of the total share capital of the company. Yunnan State-Owned Assets Management Co., Ltd. holds 4,701,833 shares, accounting for 11.07% of the total share capital. Kunming Elite Company holds 2,641,450 shares, accounting for 6.22% of the total share capital. A-share social public shares hold 13,213,793 shares, accounting for 31.10% of the total share capital. H-share social public shares hold 11,215,850 shares, accounting for 26.53% of the total share capital.
In July 2009, the State Council SASAC approved the split share structure reform plan implemented in 2006 and the Kunming Elite Company’s shares became tradable. The company’s share capital structure changed to 42,486,483 ordinary shares, of which Shenyang Machine Tool (Group) Co., Ltd. holds 10,657,821 shares and the domestic shares held by the public are 15,855,2483 shares.
In October 2009, according to the approval document from the State-Owned Assets Supervision and Administration Commission of the State Council, the 4,701,833 shares of the company held by Yunnan State-Owned Assets Management Co., Ltd., the second largest shareholder, were transferred to Yunnan Industrial Investment Holding Group Co., Ltd., which assumed the responsibilities of the state-owned assets investor.
In July 2010, the Department of Commerce approved the company’s plan to convert its capital accumulation fund. After the implementation of the plan, the company’s total share capital changed to 53,108,1103 shares with a registered capital of 53,108,1103 yuan. Shenyang Machine Tool (Group) Co., Ltd. holds 13,322,774 shares, accounting for 25.08% of the total share capital. Yunnan Industrial Investment Holding Group Co.,
Ltd. holds 587,722 shares, accounting for 11.07% of the total share capital. A-share social public shares hold 19,819,0604 shares, accounting for 37.32% of the total share capital. H-share social public shares hold 14,089,4812 shares, accounting for 26.53% of the total share capital.
The company’s main business includes research and development, design, manufacturing, and sales of horizontal boring machines, large CNC floor-type boring and milling machines, gantry-type boring and milling machines, planer-type boring and milling machines, coordinate boring machines, horizontal boring and milling machining centers, precision rotary tables, and other products. The leading products hold over 30% of the national market.
The company has developed more than 200 new products. During the 12th Five Year Plan period, the company will continue to follow the development direction of “large-scale, precision, composite, complete set” machine tool products, maintain the tradition of precision manufacturing of Kunming Machinery, and focus on technological innovation as the core, adjusting transformation as the main line, and balancing scale and efficiency.
