China National Machinery Industry Corporation (Sinomach), formerly known as the First Ministry of Machinery Industry, is a major State-owned enterprise directly managed by the central government. Sinomach has built itself on over 70 research and design institutes, equipment manufacturing and industrial and trade enterprises it took over from its predecessor. Sinomach has more than 120,000 employees and 12 listed companies. It has ranked first among the top 100 enterprises in China's machinery industry for many years.