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Public company info - Shenji Group Kunming Machine Tool Co. Ltd. - H Shares , 00300.HK

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Shenji Group Kunming Machine Tool Co. Ltd. - H Shares, 00300.HK - Company Profile
Chairman Wang He
Share Issued (share) 141,000,000
Par Currency Renminbi
Par Value 1.0
Industry Machinery & Equipment
Corporate Profile Business Summary: The Group is mainly engage in development, design, production and sales of machine tool series products and accessories, sensor and turbo tables and turbo machine and sintering fans series products and accessories. Performance for the year: Achieved sales revenue RMB560 million, of which, sales revenue of machine tool was RMB464 million; comprehensive gross profit margin was -3.91%; net loss for the year attributable to shareholders of the Company was RMB 349 million and loss per share was RMB 0.66 dollar. Business Review In 2017,75% of the economies in the world had an accelerated growth, which was the most extensive growth in the global economy within the past 10 years, and the reviving force of global economic activities is getting stronger. China’s GDP rose by 6.9% as along with the optimization in economic structure, speed up the conversion of old and new kinetic energy, improvement in the quality and efficiency; the stability, coherence and sustainability of economic development increased and a trend of steady progress, stable and improved continued to develop. The domestic industry of machine tool presented a trend of stabilization at the bottom in 2017. Although the corresponding market had a recovery growth and the demand of short-term industrial consumables grew significantly, the metal cutting machine tools products related to the long-term investment remained underperformed. There was an apparent increase in imports and exports, yet trade deficit rose significantly, indicating the domestic machine tool manufacturing industry was not out of the doldrum, especially in the area of high-end machine, where the domestic product still couldn’t satisfy the need of customers like imported products do. In order to promote a revolution of quality, efficiency and momentum in the machine tool industry, economic policies should be formulated, macro-control should be implemented, the new development concept and the main line of structural reform should be adhered. We must reflect and understand that the traditional mode of expansion based on product quantity can no longer sustain. Our new emphasis should be on the research and innovation, and develop sustainably with emphasis on quality, in accordance with the natural evolution of the industry. Prospects: To focus on finance to create value for shareholders; focus on the market to create value for customers and focus on products to create value for the industry, the Company’s sales revenues will reach 1 billion in the next 3 years to achieve break-even. While maintaining the management on conventional products, the Company will have 3 strategic transition in the market for the next 3 years. (1) Transition from universal machine tools to industry specialized machine tools. Aim at national strategic focuses and emerging industries such as aviation industry, military equipment, railway, wind power and automotive market to conduct market layout, and re-divide the market by region and industry. (2) Transition from single-machine manufacturing to intelligent solutions. Machine tool + Internet; transition to industry service provider. (3) Transition from domestic market to international market. Based on international market special demand, continue to develop export products, with emphasis on products required for industrialization of developing countries. The proportion of export goods should reach over 10% within the next 3 years.

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