SYAMF | Quote | Chart | News | PowerRating -- Shenyang Machine Tool Co., Ltd. (SZSE: 000410) made a cheerful performance in 2008, and its total export value hiked 24.7% from a year earlier to USD 187 million, according to the Shenyang Municipal Bureau Foreign Trade & Economic Cooperation.
The company aggregately achieved export value of numerical control machine tools of USD 92.81 million, with a 26% growth. Last year, its total output value rose 10% year over year to USD 11.55 billion, of which USD 6.24 billion came from its numerical control machine tool business.
Meanwhile, Shenyang Machine Tool witnessed a 97.7% sales-output ratio, increasing 1.4 percentage points from the prior year, and the sales-output ratio of its numerical control machine tool operation leaped 3.0 percentage points to 97.6%.
In the entire 2008, the machine tools manufacturer made a CNY 575 million investment in R&D, rising 9% from a year ago and accounting for 5% of its total sales value. Up to CNY 523 million was pumped into the development of numerical control machine tools.
http://www.tradingmarkets.com/.site/news/Stock%20News/2178452/
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