Nowadays, the manufacturing industry of China is in a critical period of structural adjustment and industrial restructuring.And the transformation of equipment manufacturing enterprise lays the solid foundation for industrial restructuring. This paper points out the great gap of equipment manufacturing industry existing between our country and those developed countries through comparative study and also expounds the main problems and the reasons that caused these problems during the development of equipment manufacturing industry.Then the paper concludes that equipment manufacturing enterprises of our country should follow the way of transformation through the analysis of our country'S e— conomic situation, industry trend and corporate status.Finally, the paper discusses the impediments existing during the process of transformation and put forwards proper ways of equipment manufacturing industry transformation according to the theory mentioned.