Machine tool will be largely invested by the government

Machine tool is heavily supported by the Chinese government, as it is affected by the aerospace, auto, high speed railway, manufacturing sector, etc. It is estimated, by 2020 the needs of high end machine tool will be 4 times as it is now. Take Shandong Rooy for example, in the recent three years, the gross profit of its products is around 30%, and the net profit is 46% growth in the last year. In the first quarter, the subsidy it got from the government is over 10 million RMB, there would be large space for its production profit in the coming years.