It is said that this 1960 version of RMB 2 is now worth 2,000 yuan in the collection market. The machine tool above was produced by Shenyang No. 1 Machine Tool Factory. This machine tool is called C620 machine tool, which can be regarded as the pride of Shenyang Heavy Industry.

During the first five-year plan in the early days of the founding of the People's Republic of China, the former Soviet Union, as the "big brother", was generously helped us build 18 machine tool factories, four of which were in Liaoning and three in Shenyang. At that time, the industries that were in a mess needed these enterprises so much. This is how Shenyang No. 1 Machine Tool Factory was born. After experiencing historical ups and downs, Shenyang's No. 1 Machine Tool Factory is slowly and steadily producing. This old factory located in Tiexi District, Shenyang has become the parents of food and clothing for a generation of Shenyang people. Countless children of Shenyang Machine Tool Factory were born and grown in Tiexi Workers' Village. Shenyang No. 1 Machine Tool Factory was definitely a full-scale iron rice bowl at that time!
After the reform and opening up of , the CNC machine tool of Japanese and German companies came. It was a devastating blow to Shenyang No. 1 Machine Tool Factory. The old workers of modern machine tools were completely unimaginable. At that time, the apprentices were still thinking about file . How do you understand that there are such magical things in the world? In order to support the company, in 1993, the three old machine tool factories in Shenyang merged to establish Shenyang Machinery Group. Many Shenyang workers who had lost confidence in the company remained and shared the storm with the company.
But ten years have passed, Shenyang Machine Tool Group is getting worse every year, old workers have retired, and the new generation does not come in, Shenyang Machine Tool Group is in trouble one after another. In 2002, a 38-year-old man took over Shen Ji. He is Guan Xiyou . He was born in 1964 and graduated from the Tongji University with a major in mechanical manufacturing. After taking office, Boss Guan carried out major reforms to the company, divesting all kinds of tertiary industries and trading companies of Shenji. The machine tool factory does not tinker with machine tools. Is it meaningful to do anything else?

In 2004, a veteran machine tool factory in Germany that has been in the 140-year-old machine tool factory filed for bankruptcy. This company is called Heath Machine Tool. Guan Xiyou discussed with relevant leaders when he saw the opportunity and wanted to take Heath Germany. This news was published in the "News Broadcast" of that year, and was a model for the rebirth of old industrial enterprises in Shenyang to move towards the world. Boss Guan then acquired the domestic Yunnan Machine Tool and Kunming Machine Tool in one fell swoop. In the nine years of Guan Xiyou's helm, sales soared from 1.3 billion to 18 billion, ranking first in the world.
is in the scenery! So cool! But the inside is too miserable. The net profit of 18 billion sales is less than 100 million. Kunming Machine Tool's financial fraud, and it has been forged for four consecutive years! The world's number one sales cannot hide a lot of debt. The root cause of these debts is the trouble caused by the research and development of an i5 system.

Guan Xiyou has established a machine tool research center in Shanghai. He wants to get rid of foreign control of CNC machine tools and develop his own CNC system , which is commendable! But the reality is that 3 billion was thrown into it, and no one could use the things that were tricked into, so Shen Ji would use them himself. Because China's industry developed too fast in 2012, this system can only be used on low-end machines. Shenji also gritted his teeth and used the system developed by itself at high prices, and the research and development of technology has become internal digestion.
A system can only be upgraded if many people use it, and no one uses it. This system will die sooner or later. In order to promote its own CNC system, Guan Xiyou borrowed debt to build a 5D industrial park, which is full of Shenji's CNC machine tools, but no one comes, so Shenji went bankrupt.
In 2019, Shenji had a debt of 37.5 billion yuan, with a debt ratio of 190%, and was declared bankrupt in 2020! What is the reason for
? To summarize: I am too confident and lack understanding of the laws of global high-tech development. I always want to be the king in the industry and do not think about development from the perspective of the market. Unfortunately, the dream of several generations of Shenji people is over.
