-Our reporter Shi Yuli Shenyang machine Tool today issued a notice confirmed that the media on the large shareholder Shenyang Machine Tool Group (hereinafter referred to as "Shen Machine Group") and the Chinese Machinery Industry Group (hereinafter referred to as "state machine Group") to carry out strategic cooperation report is true. On the evening of June 11, Shenyang Machine tool board secretary Guan Xin in an interview with this reporter, said that the government is responsible for the group meeting with the national machinery of the two sides of a statement, the company did not have any information on the strategic cooperation with the National Machinery Group of concrete progress. The results of the day's disclosure of performance forecasts, Shenyang machine tool is expected in the first half of 2009 net profit losses, the loss will reach 45 million yuan. The company said that the impact of the economic crisis, market sales deteriorated, resulting in sales revenue decline year-on-year. Asked whether Shenyang machine tools need to introduce strategic investment, Guan Xin said that the current company cash flow is normal, while bank financing can still meet the company's operating capital needs, and did not introduce strategic investment arrangements. However, Guan Xin also said that Shenyang machine tool is a holding company in Shenyang Sasac, even if there is a strategic cooperation with other companies intention, will certainly be led by the government. Earlier, according to local media reports in Shenyang, May 26, Shenyang Mayor Li Yingjie met with Shen Machinery Group Chairman Jinghongbin, on the national machinery Group and Shen Machine Group strategic cooperation to discuss. However, Shenyang machine Tool said that up to now, Shen Machine Group has not on strategic cooperation with the National Machinery Group of intentions to negotiate, negotiate, sign the relevant agreements and any other substantive contacts, but also committed to the current and the next three months there will be no major asset restructuring, acquisition, issuance of shares and other acts. Shen Machine GROUP by the Shenyang Sasac wholly-owned holdings, which holds 42.09% stake in Shenyang Machine tool, as the largest shareholder. In 1995, Shenyang Machine Group was set up after the reorganization of three machine tool plants, the first machine tool plant, the Sino-Czech Friendship factory and Shenyang Third machine tool factory. After the reorganization of four main plant: Shenyang first machine tool plant, China-Czech Machine Tool Co., Ltd., China-Czech rocker drilling machine and Shenyang CNC machine Tool Co. And in 2004, the successful acquisition of German Greek company, the reorganization of Yunnan Machine Tool plant, 2006 holding Kunming Machine Tool factory. 2007 economic scale exceeded 10 billion yuan, CNC machine tool output breakthrough 20,000 units, overseas market sales revenue breakthrough 150 million U.S. dollars, machine tool production and marketing, market share in the domestic industry first. And the state machine group for large central Enterprises, with 50 wholly-owned and holding subsidiaries, 6 listed companies, more than 70 overseas service agencies, the total number of employees around the world nearly 80,000 people. National Machinery Group for many years to maintain more than 30% of the high-speed growth, 2008 operating volume has exceeded 100 billion yuan.
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