Core Viewpoint - Shenyang Machine Tool announced that its wholly-owned subsidiary, Shenyang Machine Tool Zhongjie Friendship Factory Co., Ltd., received a government subsidy of 4.8 million yuan, which accounts for 67.99% of the company's most recent audited net profit attributable to shareholders [1] Group 1 - The subsidy is related to the company's daily operations and is not sustainable [1] - The funds will be used to compensate for future costs or losses and are recognized as "deferred income" [1] - The impact on this year's profit and loss cannot be accurately estimated due to the project being in its initial stage, with the final effect subject to audit results [1]

沈阳机床股份有限公司 股票代码：000410 股票简称：沈阳机床 公告编号：2025-81 关于获得政府补助的公告 本公司及董事会成员保证公告内容的真实、准确、完整，没有虚假记载、误 导性陈述或者重大遗漏。 一、获取补助的基本情况 近期，沈阳机床股份有限公司全资子公司沈阳机床中捷 友谊厂有限公司以现金方式收到一笔与收益相关的政府补 助资金共计 480 万元，占公司最近一期经审计归属于上市公 司股东净利润的 67.99%。补助资金与公司日常经营活动相关， 本次政府补助不具备可持续性。 二、补助的类型及其对上市公司的影响 1．补助的类型 根据《企业会计准则第 16 号—政府补助》的规定，与 资产相关的政府补助，是指企业取得的、用于购建或以其他 方式形成长期资产的政府补助；与收益相关的政府补助，是 指除与资产相关的政府补助之外的政府补助。 2.补助的确认和计量 按照《企业会计准则第 16 号—政府补助》的规定，公 司本次收到的此笔资金属于与收益相关的政府补助，用于补 偿以后期间的相关成本费用或损失，确认为"递延收益"。 3．补助对公司的影响 由于此笔资金对应的项目处于项目初期，损益结转金额 需根据项目后续进展确定， ...

Core Viewpoint - The article discusses the successful restructuring of Shenyang Machine Tool Co., highlighting the role of China International Capital Corporation (CICC) in facilitating the judicial reorganization process, which alleviated nearly 50 billion yuan of debt and attracted strategic investors [3][4][17]. Group 1: Background and Challenges - Shenyang Machine Tool, established in the 1930s, faced severe financial difficulties by 2019, including high debt ratios and operational challenges, leading to its judicial reorganization [2][3]. - The company was once a leader in the machine tool industry, achieving 18 billion yuan in revenue in 2011, but fell into continuous losses post-2015, prompting government intervention [6][11]. Group 2: Restructuring Process - CICC was appointed as the financial advisor for the restructuring project, opting for judicial reorganization over a negotiated agreement to effectively manage the debt [7][8]. - The restructuring involved a layered approach, addressing 12 legal entities and utilizing various methods such as cash settlements, debt extensions, and debt-to-equity swaps, achieving a 94% approval rate for the restructuring plan [8][12]. Group 3: Post-Reorganization Developments - Following the restructuring, strategic investor China General Technology Group injected substantial capital to restore production and improve financial health, focusing on upgrading products and operations [11][12]. - The company has since shifted towards high-end machine tools, implementing smart manufacturing technologies that significantly enhance operational efficiency [13][17]. Group 4: Broader Impact and Future Plans - CICC has facilitated over 800 billion yuan in funding for distressed enterprises in Northeast China, preserving approximately 65,000 jobs and restructuring debts totaling 800 billion yuan [17]. - The company aims to replicate the successful restructuring model across various industries in the region, establishing a strong presence and support system for local enterprises [17].

Core Viewpoint - The article discusses the restructuring of Shenyang Machine Tool Co., which faced significant financial difficulties, including a debt burden of nearly 50 billion yuan, and how it successfully navigated through judicial reorganization with the help of China International Capital Corporation (CICC) and strategic investor China General Technology Group [2][3][5]. Group 1: Company Background and Challenges - Shenyang Machine Tool, established in the 1930s, has a rich history in the machine tool industry, producing significant machinery for China [2]. - By 2011, the company achieved revenues of 18 billion yuan, becoming a leader in the global machine tool industry, but faced continuous losses and a debt crisis after 2015 [5]. - In 2019, the company entered judicial reorganization due to high debt ratios, lack of operating funds, and increasing risks of debt defaults [2][5]. Group 2: Restructuring Process - CICC was appointed as the financial advisor to assist in selecting the optimal restructuring plan and attracting strategic investors [2][6]. - The restructuring involved a judicial process that allowed for systematic debt restructuring and reduced burdens for the acquiring party, China General Technology Group [6][8]. - The restructuring plan was approved with a 94% average approval rate, ensuring the interests of creditors were protected [8]. Group 3: Strategic Investment and Operational Changes - After the restructuring, China General Technology Group injected billions into Shenyang Machine Tool to restore production and repay debts [10]. - The company underwent significant operational changes, including the separation of non-core assets and the implementation of performance-based compensation for employees [10][12]. - The introduction of smart manufacturing technologies has significantly improved operational efficiency, allowing fewer workers to manage more machines [12]. Group 4: Broader Implications and Future Outlook - CICC has been involved in multiple restructuring projects in Northeast China, helping to introduce over 80 billion yuan in new funds and safeguard 65,000 local jobs [15]. - The successful restructuring of Shenyang Machine Tool serves as a model for other distressed enterprises in the region, with CICC planning to replicate this approach in future projects [15][16].

Group 1 - The core viewpoint of the article highlights the growth in China's metal forming machine tool production, with a reported output of 16,000 units in September 2025, reflecting a year-on-year increase of 6.7% [1] - Cumulative production from January to September 2025 reached 132,000 units, marking a cumulative growth of 7.3% [1] Group 2 - The article references a market research report by Zhiyan Consulting, which focuses on the investment prospects and market analysis of the intelligent machine tool industry in China from 2026 to 2032 [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, providing comprehensive industry research reports and tailored consulting services [2]

Group 1 - The core point of the article is the successful holding of the fourth extraordinary general meeting of shareholders of Shenyang Machine Tool Co., Ltd. on November 25, 2025, where all proposed resolutions were approved without any objections [2][3][4]. Group 2 - The meeting was attended by 594 shareholders and their authorized representatives, representing 1,072,193,697 shares, which accounts for 40.4743% of the total voting shares [3][5]. - The first proposal regarding the financial service agreement with China General Technology (Group) Holding Co., Ltd. received 64,918,205 votes in favor, representing 98.4177% of the valid votes cast [4][6]. - The second proposal concerning the change of registered capital and the amendment of the company's articles of association was approved with 1,071,208,197 votes in favor, accounting for 99.9081% of the valid votes [6][7]. Group 3 - The meeting was legally convened and conducted in accordance with the Company Law and the company's articles of association, as confirmed by the witnessing lawyers from Beijing Jincheng Tongda (Shenyang) Law Firm [8]. - A legal opinion letter was issued confirming the legality and validity of the meeting's procedures and resolutions [9].

证券代码：000410 证券简称：沈阳机床 公告编号：2025-80 沈阳机床股份有限公司 二〇二五年第四次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准 确、完整，没有虚假记载、误导性陈述或重大遗漏。 特别提示：本次股东会未出现否决议案。 一、会议召开和出席情况 （一）会议召开情况 1.召开时间：现场会议召开时间为：2025 年 11 月 25 日 （星期二）下午 14:00。通过深圳证券交易所交易系统进行 网络投票的具体时间为 2025 年 11 月 25 日 9:15—9:25,9:30 —11:30 和 13:00—15:00；通过深圳证券交易所互联网投票 系统投票的具体时间为 2025 年 11 月 25 日 9:15 至 2025 年 11 月 25 日 15:00 期间的任意时间。 （一）本次股东会议案采用现场表决及网络投票方式 2.召开地点：公司主楼 B 座 822 会议室 3.召开方式：现场投票及网络投票 4.召集人：公司董事会 5.主持人：董事徐永明 6.本次大会的召开符合《公司法》及《公司章程》的规 定 7.第 1 项议案属于关联交易事项，关联股东中国通用技 术（集 ...

北京金诚同达（沈阳）律师事务所 关于 沈阳机床股份有限公司 2025 年度第四次临时股东会的 金证法意[2025]字 1125 第 001 号 中国﹒沈阳市沈河区友好街 10 号 新地中心 1 号楼 61 层 电话：86-24-23342988 传真：86-24-23341677 沈机股份 2025 年度第四次临时股东会法律意见书 北京金诚同达（沈阳）律师事务所 关于 沈阳机床股份有限公司 2025 年度第四次临时股东会的法律意见书 法 律 意 见 书 金证法意[2025]字 1125 第 001 号 本《法律意见书》仅供本次股东会之目的而使用，未经本所书面同意，不得用于 其他任何目的或用途。 本所同意，贵公司可将本《法律意见书》作为贵公司本次股东会公告材料，随其 他需公告的信息一起向公众披露，并依法对本所在其中发表的法律意见承担法律责任。 致：沈阳机床股份有限公司 北京金诚同达（沈阳）律师事务所（以下简称"本所"）接受沈阳机床股份有限 公司（以下简称"贵公司"）的委托，指派本所赵程涛律师、冯宁律师（以下简称"本 所律师"）出席贵公司 2025 年度第四次临时股东会（以下简称"本次股东会"）并对 会议的相关事 ...

Core Viewpoint - Shenyang Machine Tool experienced a decline in stock price by 2.17% on November 19, with a current price of 8.13 CNY per share and a market capitalization of 21.54 billion CNY [1] Financial Performance - For the period from January to September 2025, Shenyang Machine Tool achieved operating revenue of 2.544 billion CNY, representing a year-on-year increase of 154.42% [2] - The net profit attributable to shareholders for the same period was 1.1454 million CNY, showing a year-on-year growth of 100.93% [2] Stock Market Activity - As of November 19, the stock had a trading volume of 95.0033 million CNY, with a turnover rate of 0.69% [1] - The stock price has increased by 14.35% year-to-date, but has decreased by 7.82% over the last five trading days [1] Shareholder Information - As of September 30, 2025, the number of shareholders was 75,000, a decrease of 0.60% from the previous period [2] - The average number of circulating shares per shareholder increased by 0.60% to 22,411 shares [2] Dividend History - Since its A-share listing, Shenyang Machine Tool has distributed a total of 71.902 million CNY in dividends, with no dividends paid in the last three years [3] Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the seventh-largest circulating shareholder, holding 19.0666 million shares, an increase of 6.3182 million shares from the previous period [3]

Core Viewpoint - Shenyang Machine Tool has shown significant stock performance with a year-to-date increase of 19.13% and a notable rise in revenue and profit for the first nine months of 2025, indicating strong operational growth and market interest [1][2]. Financial Performance - As of September 30, 2025, Shenyang Machine Tool achieved a revenue of 2.544 billion yuan, representing a year-on-year growth of 154.42% [2]. - The net profit attributable to shareholders for the same period was 1.1454 million yuan, reflecting a year-on-year increase of 100.93% [2]. Stock Market Activity - On November 18, the stock price increased by 2.05%, reaching 8.47 yuan per share, with a trading volume of 168 million yuan and a turnover rate of 1.20% [1]. - The total market capitalization of Shenyang Machine Tool is 22.438 billion yuan [1]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 0.60% to 75,000, while the average number of circulating shares per person increased by 0.60% to 22,411 shares [2]. - The company has cumulatively distributed 71.902 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Institutional Holdings - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the seventh largest, holding 19.0666 million shares, an increase of 6.3182 million shares compared to the previous period [3]. Business Overview - Shenyang Machine Tool, established on May 20, 1993, and listed on July 18, 1996, specializes in product research and development, machine tool manufacturing, sales services, and industry solutions [1]. - The company's main revenue sources include metal cutting machine tools (57.38%), metal forming machine tools (29.20%), and other products (13.42%) [1]. Industry Classification - Shenyang Machine Tool is classified under the machinery equipment sector, specifically in general equipment and machine tools [1]. - The company is associated with several concept sectors, including Northeast revitalization, debt-to-equity swaps, wind energy, state-owned enterprise reform, and margin financing [1].