- Business
- Sinomach Precision Industry Group Co., Ltd. (002046.SZ) manufactures and sells high-end precision bearings, abrasives, grinding tools, and related industrial equipment as a subsidiary of China National Machinery Industry Corporation (Sinomach); its core offerings include angular contact ball bearings, ball screw bearings, tapered roller bearings, crossed roller bearings, slewing bearings, rotary table bearings, wind turbine bearings, rolling mill bearings, high-frequency spindles, bearing testing machines, measuring instruments, super abrasives, cubic boron nitride products, diamond tools, bonded abrasives, coated abrasives, and PDC cutters. The company, founded in 2001 and headquartered in Zhengzhou, China, operates primarily in the precision machinery sector with products serving machine tools, wind power, metallurgy, petrochemicals, rail transportation, automobiles, construction machinery, and medical equipment across more than 80 countries and regions; it integrates core enterprises such as Luoyang Bearing Research Institute (established 1958), Zhengzhou Abrasives Grinding Research Institute (established 1958), and China Machinery Industry International Cooperation. Recent developments include receiving approval from the China Securities Regulatory Commission for a refinancing initiative in February 2025, holding its 2025 annual work conference and employee congress in January 2025, and senior leadership surveys of subsidiaries like Luoyang Bearing Research Institute, Axis Research Technology, and Diamond Company by Sinomach Chairman Zhang Xiaolun in early 2025; the company also earned recognition as a SASAC "Science and Technology Reform" benchmark enterprise for the third consecutive year in 2024 and won the China Machinery Industry Enterprise Management Modernization Innovation Achievement Award in December 2024.