Shantui Construction Machinery Co Ltd - Company Profile

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Shantui Construction Machinery Co Ltd: Segment Analysis

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Business Description

Shantui Construction Machinery Co Ltd (Shantui), a subsidiary of Shandong Heavy Industry Group Co Ltd, manufactures construction machinery. Shantui's primary activities include the production and sale of construction machinery and spare parts, serving industries such as construction and infrastructure development.

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R&D Overview

Shantui has undertaken several R&D initiatives focusing on customer needs, transitioning its R&D system from self-driven to customer oriented. The company has developed a comprehensive R&D platform and a precise product R&D layout, leading to strong product advantages. It has made significant progress in large-scale mining, high-end miniaturization, and new energy, with successful outcomes such as the rollout of mining products like the SD60-C6 and L98K. In the new energy sector, the company has achieved breakthroughs in technologies such as pure electric, hybrid, and battery swapping, leading to the launch of products like the DEH100 hybrid bulldozer and the LEH120 hybrid loader. The company has also established a complete product matrix covering six major series and developed nine core intelligent systems to support large construction projects. Shantui R&D units include a national-level enterprise technology center, a national-level industrial design center, a national-level postdoctoral research workstation, a key laboratory for intelligent construction technology in earth-moving machinery in Shandong Province, a testing center, and a large comprehensive testing field in Linyi. These units are responsible for transitioning from experience-driven to data-driven testing and inspection, accelerating the closed-loop process from design to validation for new products, and providing solid platform support for product R&D and upgrades. In FY2025, the company incurred an expense of CNY546.4 million, which grew 5.1%YoY and stood at 3.7% of its total revenue.

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