Established in June 1950, Qingdao Machinery Industry General Company (QME) is a large-sized state-owned enterprise, restructured from the former Qingdao Machinery Industry Bureau, and now under the management of Qingdao Huatong State-owned Capital Operation (Group) Co. ,Ltd.
QME has totally 19 subsidiaries under its portfolio among which 4 wholly-owned companies, 2 institutions, 3 holding companies, 1 technical school, 9 shareholding enterprises including 3 joint ventures, with the main products concerning 7 industries,i.e. machine tools，electric appliances, electronic devices, auto parts, meters and instruments, machinery components, ship and accessories.
QME has strong technical forces and R & D capabilities, owns 3 Shandong Provincial Technological Centers, 2 Qingdao Municipal ones, and 237 patents among which 5 are invention ones (To the end of 2010).
QME is committed to be an advanced equipments manufacturing- enterprise group in the fields of three industry clusters i.e.hi-tech machineries and equipments, precision auto parts and precision electronics with international competitiveness, and the affiliated companies to be the industrial “leaders” and “hidden champions” by executing the principle of “Technology Oriented Enterprise”.