Upon the approval of the Shenyang Economic System Reform Commission in its System Reform Document No. 199231, Shenyang Machine Tool Co., Ltd. (hereinafter referred to as "the Company") was jointly initiated by Shenyang No. 1 Machine Tool Plant, China-Czech Friendship Plant and Liaoning Precision Instrument Plant, and was formally established as a joint-stock enterprise in May 1993.

In July 1996, the China Securities Regulatory Commission granted its approval for the Company to launch a public offering of 54 million RMB ordinary shares. After the completion of this issuance, the Company’s total share capital amounted to RMB 215,823,518, and the Company was formally listed on the Shenzhen Stock Exchange. It is a wholly-affiliated subsidiary of Shenyang Machine Tool (Group) Co., Ltd.

Starting from 2000, the enterprise achieved seven straight years of high-speed expansion in economic scale, with both sales revenue and machine tool production volume growing by 11 times. Its mid-to-high-end CNC machine tools have penetrated the core manufacturing links of national priority industries, with CNC products making up more than 70% of its total sales in sectors including automobiles, national defense and aerospace. The company has established the capacity to provide turnkey technical equipment solutions for major national projects: its delivery of 4 track girder processing production lines for the Shanghai Maglev Train project represented that Shenyang Machine Tool’s R&D and manufacturing capabilities in this domain had reached international advanced standards. Its supply of 4 engine cylinder block and cylinder head production lines to Chery Automobile realized the first breakthrough of domestically produced high-end CNC machine tools entering the core auto component manufacturing field, breaking the monopoly of overseas manufacturers in this market.