CPMI was established in October 1992, formerly known as China Perfect Machinery Industry Corporation, headquarters located in Shanghai and having the registered capital of ￥206 million; CPMI is a comprehensive that mainly focusing on the fields of industrial park development, trade, real estate development and etc. After being approved by the State Economic and Trade Commission and the State Administration of Industry and Commerce, CPMI organized a set of large-scale enterprises in Chinese mechanical industry，and founded CPMI through a co-investment program with Chinese commercial banks such as Industrial and Commercial Bank of China, Communications Bank of China etc.,. In December, 1993, the former state economic and trade commission, the former state economic restructuring commission and the state administration of industry and commerce approved of China Perfect Machinery Industry Corporation restructured to CPMI in what the biggest shareholder is China National Machinery Industry Corporation that directly under the lead of state-owned Assets Supervision and Administration Commission of the State Council.

        The establishment and development of CPMI is attributed to the cooperation achievement through the former National Ministry of Machine Building and Electronics Industry (MMBEI.PRC) and Shanghai Municipal Government. The authorities of Shanghai Municipality including Zhou Jiahua, the vice premier of state council of China、He Guangyuan, the minister of Ministry of Machine Building and Electronics Industry、Wang Daohan, the elder of Shanghai and Huang Ju, the mayor of Shanghai all shall be with the earnest care and guidance personally. According to the principle of “building industry and city together, developing Pudong” and the strategy of “based on the Pudong, facing the world, and serve the nation”, CPMI start a positive exploit, forge ahead, hard working, indomi-table developing period.

 

        “Perfect Jinqiao Industrial Park” is the forefront of Pudong development of CPMI, and also the “channel enterprise” of China machinery industry in Pudong development. At present, enterprises like headquarters of bayer (China) Co.,Ltd、bayer polymer (asia-pacific) research and development center、UAES of Germany Bosch、Symrise(Shanghai) Ltd、OMRON (China) Co., Ltd、SVA ELECTRON CO.，Ltd、HYSTER China、Shanghai Aerospace Automobille Electricmechanical Co.,Ltd、Shanghai Matsuoka Co., Ltd and Henan Huanghe Whirlwind Co.,Ltd have entered into “Perfect Jinqiao Industrial City” and became representative business possessing modern industrial technology. The lastest data shows city that accumulated totally 27 projects, cost total investment of $1.2billion,created ￥12 billion industrial output value and sucessfully achieved land lease or transfer about 680,000 square meters, and the rest of the projects partly the company’s standard workshop and self-built buildings, leased to domestic and foreign businessmen for absorb the r&d center of multinational companies, sales center, procurement center and production enterprises.

       Real estate development has always been the CPMI’s primary industry, of which the “Perfect Square” project at North Zhongshan Road, Putuo District of Shanghai, covering about 29 hectares. This plot originally belonged to shantytowns and small businesses mixed area, in order to change the existing situation of this region, CPMI has relocated 1399 shed risk households, 14 businesses, completed five plots out of six, with a total construction area of 160,000 square meters. It therefore made a positive contribution to Putuo District. After carefully operation, the DE twin towers of CPMI has sold 446 units by the end of September 2007 with sales income over ￥400 million , and created earning profits ￥40 million. In Neijiang of Sichuan, CPMI is apparently working on the development of “Binjiang New City” real estate property. Meanwhile in Tianjin, CPMI has successfully developed “Hong Guang Lane” property and “Jinzhong” apartment.

         Around international and domestic trade, CPMI business covering ferrous metals, machinery and electrical products, automotive chemicals, energy, light industry and other fields. Especially in the aspect of steel sales, CPMI has signed long-term agency agreements with Baosteel Group Corp., Wuhan Iron and Steel Corp., and became the nation's largest silicon steel agent of Wuhan Group. Meanwhile, such as “German Braun” brand small household electrical appliances, “Japan Omron” programmable logic devices, “the United States Lincoln” welding equipment, “Korea” brand small household electrical appliances have also developed dramatically. Domestic trade is mainly based on steel investment. CPMI closely focuses on “steady operation, deep-trade “principle, gradually making adjustment on product structure and trade patterns. Therefore, wear plate investment maintained a good development momentum; a positive development in Grain Oriented Electrical Steel leading us to be the domestic agent for AK Steel Corporation, as well as for Japan, Russia, Europe and etc. Currently, the trading of Grain Oriented Electrical Steel still remains the leading position in east China. As shipping agents, CPMI has successfully completed the four barges and 91 meters of ballast barge to South Korea, two self-supporting 35001:1 ton chemical tanker, also has been delivered before the end of last year. Besides, 26501:1 ton chemical tanker project to Netherland, 83 Mega contained barge project to South Korea, two 25,000 barrels of oil barge project to Canada, and 2500 long ton floating dock project Alaska still remain in process. Other import and export trade, business volume has increased steadily based on a stable customer group and good reputation. At the year-end 2006, CPMI achieved sales income of ￥2,2 billion, of which $100 million on import and export , created profits ￥52.34 million.

        Today’s CPMI has experienced the period of entrepreneurship、adjustment and development. Based on the continuous summarization of experience、actual business environment condition and environment change, for which adjust company management system, further realized the CPMI scale development business. For fifteen years, through the efforts of all staff, bring CPMI, a steady and rapid development of good period. CPMI are faced with good opportunities, challenges, but also faced deficiencies, so CPMI must work hard, insist on innovation, to ensure a long-term、stable、healthy and sustainable development.