The company's predecessor originated from the Nantong Machine Tool Factory, which was established in 1956, and was listed on the Shanghai Stock Exchange in May 1994. In 2015, the company carried out a major asset restructuring. Relying on the superior resources of Aviation Industry Group Corporation and its affiliated units, the original machine bed business was transformed and upgraded to the CNC machine tool and aviation special equipment business. In addition, the company has become a listed company with considerable scale and competitive advantage in the industry in the field of new materials and equipment manufacturing. In 2022, it achieved revenue of 4.446 billion yuan and total profit of 767 million yuan. The company's main business is divided into two major segments: “New Aviation Materials” and “High-end Intelligent Equipment”. The business scope covers application fields such as new aviation materials, high-end intelligent equipment, mechanical equipment components, rail transit components, and automobile parts. The main products of the new aviation materials business are raw materials for aeronautical composites, structural parts for civil aviation, and composite raw materials and components for non-aviation civil applications. The main products of the high-end intelligent equipment business are vertical machining centers, horizontal machining centers, gantry machining centers, CNC lathes, flexible combined machining centers, and special aviation equipment.
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