Shenyang Machine Tool H1 2026 R&D Spending Up 50.55% to RMB 212 Million

On September 11, 2026, Shenyang Machine Tool (000410) held its results briefing for the first half of 2026. Chairman Zhou Zhou, director and general manager Xu Yongming, chief accountant Qin Qin and board secretary Zhang Tianyou exchanged views with investors. In the first half of 2026, machine tool demand grew markedly, the supporting role of the domestic market strengthened, and domestic consumption of machine tool products expanded. Positioning itself in the industrial mother machine sector and responding to the needs of manufacturing transformation and upgrading, Shenyang Machine Tool focused on three main directions: high-end breakthroughs, import substitution, and complete-process solutions.

In the first half of 2026, Shenyang Machine Tool's R&D investment reached RMB 212 million, up 50.55% year on year, targeting core technology development in national priority fields such as aerospace, new energy vehicles and shipbuilding. The company's main product system covers a full range including horizontal and vertical lathes, five-axis simultaneous CNC machine tools, and high-end CNC heavy hydraulic presses. In the first half of 2026, newly signed contracts increased year on year, with orders won in key sectors such as aerospace, rail transit and shipbuilding. Growing demand from downstream emerging industries drove demand for the company's high-precision, intelligent, and complete-line machine tool equipment.

At the briefing, Shenyang Machine Tool said it will continue to focus on high-end positioning, raise the share of high-end orders, and improve the rationality of its order structure. The company will keep anchoring itself to the main track of high-end equipment manufacturing and accelerate its strategic transformation into a smart manufacturing and integrated solutions provider. At the business level, it will focus on key regions and core industries to precisely match market demand; at the technology level, it will continue to increase R&D investment and drive iterative breakthroughs in core technologies such as five-axis simultaneous machining and intelligent production lines; at the management level, it will comprehensively deepen internal reform and accelerate the conversion of technological upgrading into efficiency and the digital transformation of production. In response to investor questions, the company disclosed that overseas revenue in the first half of 2026 was RMB 82.26 million, accounting for less than 5% of its operating revenue. The company will continue to monitor overseas market opportunities and, in line with its product characteristics, seek incremental overseas business.