Company Overview - Lingong Heavy Machinery Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with China International Capital Corporation and Xingzheng International as joint sponsors [1] - The company is a global leader in mining and aerial work equipment, focusing on providing intelligent, efficient, and green solutions through innovation and technology [3] - As of November 1, 2025, Lingong Heavy Machinery's sales network has reached over 100 countries and regions, holding significant positions in major markets across Asia, Europe, Africa, and the Americas [3] Market Position - According to Frost & Sullivan, Lingong Heavy Machinery ranks third among domestic companies in the global mining transportation equipment and excavator market based on 2024 revenue [3] - The company is ranked first in the global non-road wide-body dump truck sector and first in the global new energy mining transportation equipment sector among domestic companies, based on 2024 revenue [3] - In the global aerial work equipment market, Lingong Heavy Machinery ranks fifth among domestic companies, and third in the Asia-Pacific region based on 2024 revenue [3] Product Offerings - The company's mining transportation equipment includes diesel non-road wide-body dump trucks, new energy non-road wide-body dump trucks, mining dump trucks, and articulated trucks, which have become mainstream products in the 50-100 ton range [4] - As of June 30, 2025, Lingong Heavy Machinery has shipped nearly 600 mining excavators and approximately 1,600 new energy mining transportation devices [4] Financial Performance - Revenue for Lingong Heavy Machinery from 2022 to 2024 was RMB 10.529 billion, RMB 9.897 billion, and RMB 12.028 billion, respectively, with revenue of RMB 5.531 billion for the six months ending June 30, 2025 [5] - The company reported net profits of approximately RMB 0.954 billion, RMB 0.974 billion, and RMB 1 billion for the fiscal years 2022, 2023, and 2024, respectively, with net profits of RMB 0.635 billion for the six months ending June 30, 2025 [6] Profitability Metrics - The overall gross profit margins for Lingong Heavy Machinery were 17.7%, 18.8%, 20.1%, and 22.4% for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [9] Industry Overview - The global mining market size has grown from RMB 38.5 trillion in 2020 to RMB 54.8 trillion in 2024, with a compound annual growth rate (CAGR) of 9.3% from 2020 to 2024 [11] - The global mining equipment market is expected to expand from RMB 736.7 billion in 2024 to RMB 1,025.6 billion by 2030, with a CAGR of 5.7% from 2024 to 2030 [11] - In China, the mining equipment market is projected to reach RMB 123 billion by 2024, growing at a CAGR of 6.3% and expected to reach RMB 177.1 billion by 2030 [12]
临工重机递表港交所 为全球领先的矿山设备和高空作业设备企业
Zhi Tong Cai Jing·2025-11-07 08:32