Shantui Construction Machinery Co., Ltd. recently announced that, to meet the company's strategic development needs and further expand overseas markets, the company, through its wholly-owned subsidiary Shantui (Hong Kong) Holdings Co., Ltd. together with Shantui Singapore Company, jointly invested USD 3 million to establish a wholly-owned overseas subsidiary in Indonesia. This investment aims to meet the company's business development needs, further expand market business in Indonesia and other countries, promote exchanges and cooperation between the company and markets such as Indonesia, enhance the company's comprehensive strength and market competitive advantages, and create more opportunities and favorable conditions for the company's development. The company is mainly engaged in the research, development, and manufacturing of construction machinery and other products, focusing on main products such as bulldozers and excavators as well as core components. Relying on the capital and technological support of Shandong Heavy Industry Group, the company strengthens resource and business synergy to enhance core competitiveness. It has multiple professional R&D centers and laboratories, shares an innovation R&D center with the group, and has a complete product chain. In 2024, it transformed and upgraded to high-tech and other products, launching multiple high-end and new models, with electric equipment upgraded to the X5 platform. In the 2024 fiscal year, the company achieved operating revenue of RMB 14.219 billion, a year-on-year increase of 25.12%; net profit attributable to shareholders of the listed company was RMB 1.102 billion, a year-on-year increase of 40.72%.
Shantui Construction Machinery Co., Ltd. recently announced that, to meet the company's strategic development needs and further expand overseas markets, the company, through its wholly-owned subsidiary Shantui (Hong Kong) Holdings Co., Ltd. together with Shantui Singapore Company, jointly invested USD 3 million to establish a wholly-owned overseas subsidiary in Indonesia. This investment aims to meet the company's business development needs, further expand market business in Indonesia and other countries, promote exchanges and cooperation between the company and markets such as Indonesia, enhance the company's comprehensive strength and market competitive advantages, and create more opportunities and favorable conditions for the company's development. The company is mainly engaged in the research, development, and manufacturing of construction machinery and other products, focusing on main products such as bulldozers and excavators as well as core components. Relying on the capital and technological support of Shandong Heavy Industry Group, the company strengthens resource and business synergy to enhance core competitiveness. It has multiple professional R&D centers and laboratories, shares an innovation R&D center with the group, and has a complete product chain. In 2024, it transformed and upgraded to high-tech and other products, launching multiple high-end and new models, with electric equipment upgraded to the X5 platform. In the 2024 fiscal year, the company achieved operating revenue of RMB 14.219 billion, a year-on-year increase of 25.12%; net profit attributable to shareholders of the listed company was RMB 1.102 billion, a year-on-year increase of 40.72%.