Shanghai Zhenhua Heavy Industries Co Ltd (ZPMC) is a heavy-duty equipment manufacturing company. Its key products include cranes, offshore products, large steel structures and other components. The company designs, constructs, installs, and contracts port loading and unloading systems and equipment, engineering vessels, engineering machinery, offshore heavy equipment, ship to shore cranes, rubber tyred gantry cranes, rail mounted gantry cranes, automated terminal equipment, ship loaders, ship unloaders, bucket wheel stacker reclaimers, chain bucket ship unloaders and large metal structural parts. In addition, the company offers intelligent parking systems, data and cloud platform operation management, equipment maintenance and other integrated services. Its major steel structure projects include the San Francisco Oakland Bay Bridge, Queensferry Bridge, Humen Second Bridge, Hong Kong Zhuhai Macau Bridge, Feiyunjiang Bridge, Hardanger Steel Bridge, Incheon Steel Bridge, and Shanghai Nantong Yangtze River Bridge.

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ZPMC has been actively involved in R&D initiatives, focusing on the combination of independent R&D and industry-university research. The company has established long-term cooperative R&D relationships with professional research institutions and customers, forming an R&D and innovation platform system to support high-quality development. ZPMC’s R&D program focused on supporting national strategies, industrial upgrading, and the development of advanced offshore and port equipment. The National Engineering Research Center for Core Equipment of Offshore Lifting and Pipelaying achieved substantive operation during the year and supported major development areas, including dredging equipment, pipelaying vessels, cable-laying vessels, and offshore wind-power equipment. ZPMC also undertook eight new national special projects and initiated eight new national- and provincial-level research projects. The company continued to integrate projects, talent, and innovation platforms through a structured development model designed to cultivate leading scientific and technical personnel and high-level innovation teams. R&D spending covered employee compensation, materials, depreciation and amortization, product-design fees, and other related costs. Overall, ZPMC’s R&D profile in 2025 reflected sustained investment in engineering capabilities, specialized marine equipment, and technology platforms intended to strengthen its competitiveness across port machinery, offshore engineering, and related infrastructure markets. The company has also achieved internationally leading results in intelligent sensing trackless navigation technology. As of FY2025, the company had a total of 2,721 patents, including 60 international authorized patents. In FY2025, the company spent CNY1,435.1 million on R&D, which as a percentage of revenue, stood at 4%.