SINOMACH Still the NO. 1 of the China’s Top 100 Machinery Enterprises in 2011


On May 25, the Information Release Conference on the Chinese Top 100 Machinery Enterprises and the Chinese Top 30 Automotive Enterprises in 2011 was held in Dafeng, Jiangsu province. The China Machinery Industry Federation and the China Association of Automobile Manufacturers released the lists of “the Chinese Top 100 Machinery Enterprises” and “the Chinese Top 30 Automotive Enterprises” for 2011.The SINOMACH Group continued to be the No.1 of the Chinese Top 100 Machinery Enterprises since 2008. Vice President CHEN Zhi attended the conference and delivered keynote speeches around the theme of “Adjust and optimize the industrial structure; promote the business upgrading and transformation; achieve the purpose of making the enterprise stronger and better.” During the session, Vice President CHEN Zhi, invited as a guest, also had an interactive communication with the delegates on the subject of “The Development of High-end Equipment Manufacturing Industry and the National Strategy of Jiangsu Costal Development”.

It’s reported that the Chinese top 100 machinery enterprises’ production scales and economic benefits leaped onto a new stage in 2011. These 100 enterprises achieved a total income from main operation up to RMB1.5403 trillion Yuan, with an increase by 18.56% over the same period of the last year. They also achieved a total profit of RMB102.4 billion Yuan, up 8.70% on the same period of the previous year, but the rate of growth was lower than in 2010.

Closing Date: May 27, 2012