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Sinomach Precision Industry Group Co., Ltd. (China)

Main Activities: Fabricated Metal Product Manufacturing | Metalworking Machinery Manufacturing | Motor Vehicle Parts Manufacturing
Full name: Sinomach Precision Industry Group Co., Ltd. Profile Updated: December 08, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Chinese Download a sample report

Sinomach Precision Industry Co., Ltd. is a company located in Zhengzhou, China. The company specializes in the research and development of comprehensive technologies related to rolling bearing theory, product design, process equipment, precision instruments, and more. They are involved in the small-scale trial production and large-scale production of high-speed precision bearings, special bearings, and electric spindles for CNC machine tools. Sinomach Precision Industry Co., Ltd. holds a monopoly position in the production of special aerospace bearings, with a market share of nearly 100% in the domestic rocket, satellite, and spacecraft bearing market. They have successfully completed bearing matching tasks for spacecraft from the Shenzhou I to Shenzhou V, and provided 22 types of bearings for the Shenzhou VI. The company's other high-end products, such as precision machine tool bearings, ceramic bearings, and CNC electric spindles, are also at the forefront of domestic technology. The company's main founder, Luoyang Bearing Research Institute, is the only national first-class research institution in China's bearing industry, with more than 600 major scientific research achievements. Sinomach Precision Industry Co., Ltd. has inherited the complete research and development team of the Luoyang Bearing Research Institute and is the only domestic manufacturer that can compete with well-known foreign manufacturers in the core technology of bearing matching. On December 18, 2020, the company changed its name from "Luoyang Bearing Research Institute Co., Ltd." to "Sinomach Precision Industry Co., Ltd."

Headquarters
No. 121, Science Avenue, New Material Industrial Park, Zhengzhou City, Henan Province
Zhengzhou; Henan; Postal Code: 450001

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Website: http://www.sinomach-pi.cn

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
December 09, 2001
Key Executives
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Chairman of the Supervisory Board
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Director
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Director
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Director
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General Manager
Ownership Details
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49.62%
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0.82%
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0.61%
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0.39%
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0.37%
Subsidiaries
China Abrasives Industry Hainan Co., Ltd.
100%
China Machinery Industry International Cooperation (Hong Kong) Co., Ltd.
100%
China National Machinery Industry International Cooperation Co., Ltd.
100%
Company Performance
Financial values in the chart are available after Sinomach Precision Industry Group Co., Ltd. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency CNY. Absolute financial data is included in the purchased report.
Net sales revenue
-11.64%
Total operating revenue
-10.13%
Operating profit (EBIT)
-16.6%
Net Profit (Loss) for the Period
-14.83%
Total assets
1.48%
Total equity
5.21%
Operating Profit Margin (ROS)
-0.78%
Net Profit Margin
-0.44%
Return on Equity (ROE)
-1.41%
Debt to Equity Ratio
2.82%
Quick Ratio
0.01%
Cash Ratio
-0.05%

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