Qinchuan Machine Tool Group Co., Ltd. (former Qinchuan Machine Tool Works) is one of the key enterprises in machine tool industry of China. In 1965, it was split from Shanghai Machine Tool Works, and moved to Baoji city of Shaanxi province.
In 1995, it was renamed as Qinchuan Machine Tool Group Co., Ltd.
In 1998, Shaanxi Qinchuan Machinery Development Co., Ltd. was founded by its holding company Qinchuan Machine Tool Group Co., Ltd. as the major initiator and it was listed in Shenzhen Stock Exchange.
In October 2001, Qinchuan Machine Tool Group Co., Ltd. achieved debts transformation into stocks successfully. Four financial capital management corporations became the new stockholders, for example, China Huarong, so that the stockholder of our company was diversified.
Up to now, this company has already developed into a large- size group corporation with modern enterprises policy from an original inland factory. It possesses total assets of 1.1 billion R.M.B. and has 16 control companies or share companies.