In December 1995, Shenyang Machine Tool (Group) Co., Ltd was established through the assets reconstruction of original three major machine tool plants in Shenyang: Shenyang No.1 Machine Tool Plant, Shenyang No.2 Machine Tool Plant (Sino- Czech Friendship Plant), and Liaoning Precision Instrument Plant. On July 18, 1996, it was listed in Shenzhen Stock Exchange.

Its main production bases are distributed in Shenyang, Kunming of China and Aschersleben in Germany. The company’s leading products are metal cutting machine tools in a total of more than 300 varieties, and thousands of kinds of specifications. Its product market coverage is across the country, and exported to more than 80 countries and regions.

The company's medium and high-grade CNC machine tools have been used in the core manufacturing fields of car, national defense, aerospace, rail transportation and other key industries in batch; during the “10th Five-Year Plan”, it completed the three “10th Five-Year Plan” science and technology research projects in machine tool industry, and the track beam machining production line and other CNC machine tool products had reached the international leading level; In 2004, it successfully completed the acquisition of Germany Heath Company with 140 years of history in heavy machine tool manufacturing, and the restructuring Yunnan CY Group Co., Ltd known as the "Gold Export Base of China", which indicated that company had begun to step into the international operation orbit.