In the first three quarters of 2012, the net profit of Shenyang Machine Tool was lowered by 70%-90%

Shenyang Machine Tool announced today that it expects to achieve a net profit of 10 million to 33 million yuan from January to September this year, a decrease of 70% to 90% from the same period of last year. The company said that due to factors such as the slowdown in the domestic macro-economic growth, market demand for the machine tool industry continued to decline in 2012, the company's sales revenue decreased year-on-year, and corporate profits declined compared to the same period last year.