Global 500

Rank
334
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Sinomach

G500 2017—Sinomach
--FILE--A netizen browses the website of China National Machinery Industry Corp (Sinomach) in Ji'nan city, east China's Shandong province, 6 September 2016. The China National Machinery Industry Corp (Sinomach) will merge with The China High-Tech Group, the country's state asset regulator said on Thursday (29 June 2017), part of China's ongoing efforts to slim down its bloated state sector. China's cabinet had already approved the merger plan, which will make China High-Tech a subsidiary of Sinomach, the State Asset Supervision and Administration Commission (SASAC) said in a notice. Sinomach makes construction and agriculture equipment, while China High-Tech is a textile machinery manufacturer.Da qing—Imaginechina/AP
  • Previous Rank
    293
  • Revenues ($M)
    32237
  • Revenue Percent Change
    -8.2
  • Profits ($M)
    502
  • Profits Percent Change
    -34.5
  • Assets ($M)
    39142
  • Employees
    115390

Company Information

CEORen Hongbin
SectorIndustrials
IndustryIndustrial Machinery
HQ LocationBeijing, China
Websitewww.sinomach.com.cn
Years on Global 500 List7
Employees115,390

Key Financials (Last Fiscal Year)

Revenues ($M)$32,237
Profits ($M)$502
Assets ($M)$39,142
Total Stockholder Equity ($M)$8,930

Profit Ratios

Profit as % of Revenues1.6%
Profits as % of Assets1.3%
Profits as % of Stockholder Equity5.6%