The hottest strategic reorganization of China Gene

On October 12, the Shenyang Municipal People's government and China General Technology (Group) Holding Co., Ltd. (hereinafter referred to as China General Technology Group) signed the framework agreement on strategic restructuring of Shenyang Machine Tool (Group) Co., Ltd. which is still in an important period of strategic opportunities for development. With the support of eight national ministries and commissions and the Liaoning provincial government, the two sides will jointly promote the comprehensive reform of Shenyang Machine Tool Group, focus on advanced manufacturing, implement debt restructuring and business restructuring, and build a world-class machine tool enterprise with global competitiveness

on October 12, Shenyang Municipal People's government and China General Technology (Group) Holding Co., Ltd. (hereinafter referred to as China General Technology Group) signed the framework agreement on strategic restructuring of Shenyang Machine Tool (Group) Co., Ltd. With the support of eight national ministries and commissions and the Liaoning provincial government, the two sides will jointly promote the comprehensive reform of Shenyang Machine Tool Group, focus on advanced manufacturing, implement debt restructuring and industry restructuring. 3. Strengthen the restructuring of economic operation monitoring services, and build a world-class machine tool enterprise with global competitiveness

China General Technology Group is an important state-owned backbone enterprise directly managed by the central government. In recent years, China General Technology Group has determined the corporate mission of serving the national strategy, serving the people's better life and serving the all-round development of employees. By focusing on the three core main businesses of advanced manufacturing and technology consulting services, medical and health care, trade and engineering contracting. This time, through the strategic reorganization of Shenyang machine tools as an opportunity, under the new situation, use new methods and new paths to rebuild and integrate China's machine tool industry, optimize the industrial layout, highlight high-quality development, so as to form a new pattern of independent leadership, clear division of labor, and focus on the main business, so as to realize the use of Chinese machine tools to equip China

Shenyang Machine Tool Group has a deep industrial foundation and strong market influence, and has always been a leading backbone enterprise in China's machine tool industry. In recent years, Shenyang Machine Tool Group has actively promoted comprehensive reform. Especially on November 23, 2017, eight ministries and commissions of the state jointly issued the comprehensive reform plan of Shenyang Machine Tool Plant, and formulated the reform strategy of "hemostasis, blood transfusion and hematopoiesis". With the strong support of eight ministries and commissions such as the state owned assets supervision and Administration Commission of the State Council and provinces and cities, the comprehensive reform of Shenyang Machine Tool Group has achieved initial results. First, determined to solve the long-term unsolved problems left over by history, the burden can be reduced by 16million yuan per year. Second, Shenyang and China Construction Bank jointly completed the first phase of market-oriented debt to equity swap of 6.75 billion yuan, and its listed company Shenyang Machinery Co., Ltd. stripped off some inefficient assets to achieve loss recovery and shell protection. Third, the implementation of mixed reform and mass entrepreneurship and innovation, a total of 24 mixed reform and mass entrepreneurship and innovation enterprises and teams were established, with 300 core backbone shareholders, which realized independent operation and self financing of profits and losses, broke the "large and comprehensive" enterprise structure, and explored a new path of state-owned enterprise reform. Fourth, we will deepen the reform of the three systems, implement the market-oriented selection and employment of 28 managers, implement the tenure system assessment, contractual management, and implement the mechanism of excellent promotion and bottom elimination. Fifthly, i5 new products and models have been gradually recognized by the market. It has provided 26000 i5 intelligent machine tools for the market, with a business scale of 6.1 billion yuan. 16 5D smart manufacturing valleys were signed, with a total demand of 44000 sets of equipment. Our experimental machine is the best in Jinan in terms of production, sales, service and protection standards.

this strategic reorganization of Shenyang Machine Tool Group is a new starting point for Shenyang wire, cable, electrical and electronic fields to launch a variety of new product series in cooperation with China General Technology group to achieve central and local win-win, advantage integration and revitalization of the equipment manufacturing industry. After signing the framework agreement, Shenyang and China General Technology Group will jointly accelerate the reform and reorganization of Shenyang Machine Tool Group, thoroughly solve the problems left over by history, and establish a standardized and market-oriented corporate governance structure and organizational structure. After the cooperation is reached, China General Technology Group will give full play to the advantages of central enterprises in market, resources, capital, technology and other aspects, and continue to strengthen, optimize and expand the high-end CNC machine tool industry based on Shenyang machine tool group. At the same time, taking this reorganization as an opportunity, Shenyang equipment manufacturing enterprises and China General Technology Group have carried out all-round and all industry chain cooperation. Shenyang will also provide support for the all-round development of China General Technology Group in Shenyang to achieve win-win results