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China National Machinery Industry Corporation Ltd (Sinomach), formerly known as the First Ministry of Machinery Industry, is an important State-owned enterprise directly managed by the central government. It inherited 70 research and design institutes, equipment manufacturing and industrial and trade enterprises from its predecessor and built itself on that foundation. Sinomach has 120,000 employees, over 29 wholly-owned or majority-owned subsidiaries, and 12 listed companies. It is a Fortune Global 500 enterprise and has ranked first among the top 100 enterprises in China's machinery industry for consecutive years.
Sinomach is a diversified, international, comprehensive industrial equipment company committed to providing quality services globally. With the overall positioning of building a technology-driven world-class enterprise, Sinomach focuses on the three primary businesses of technical R&D and services, modern equipment manufacturing, and project contracting and supply chain. It mainly develops in such eight business sectors as industrial basic research and development, high-end heavy equipment, high-end agricultural and forestry geological equipment, high-end textile equipment, design consulting and project contracting, supply chain integration services, automobiles and exhibitions, and industry financing and investment, as well as actively fosters emerging businesses of energy conservation, environmental protection and new energy.
Its service scope covers such critical national economic fields as machinery, energy, transportation, automobiles, light industry, ship building metallurgy, construction, electronics, environmental engineering, and aeronautics and astronautics. The company has a market presence in five continents, with more than 350 overseas service agencies in over 100 countries and regions.
With the responsibility of leading the development of machinery industry and promoting the progress of human society, and the goal of building a world-class enterprise with global competitiveness, Sinomach serves national strategy, national economy, as well as people's livelihood. For years, Sinomach has sustained the reform and development, insisted on technological, managerial and business model innovations, promoted further optimization of its resources and rebuilding of its core competencies, and accelerated the pace of “going global”. It has evolved into a large comprehensive enterprise group with the most diverse and comprehensive lines of business, the strongest R&D capabilities, the highest level of internationalization and outstanding industrial chain advantages in China’s machinery industry.
By adhering to the business philosophy of working together and pursuing win-win innovation, Sinomach is committed to promoting harmonious cultural construction as well as the company construction taking value, innovation, green, responsibility and happiness as the core connotation. Determined to pursue high-quality development, Sinomach fully leverages the roles as the leader of science and technology progress in China’s machinery industry, the main maker of this industry standard, the main planner of this industry development, the important guarantee for the safety of the industrial chain of national major technology and equipment, the main force for the going out of Chinese equipment, and also the important platform for supply chain integration services of China's mechanical and electrical products. Sinomach will strive to build a world-class enterprise with global competitiveness.