SUNWARD(SZ:002097) Zheng Quan Ri Bao Wang·2026-01-07 07:14Core Viewpoint - Shanhe Intelligent Equipment Co., Ltd. has made a significant breakthrough in high-end equipment manufacturing with the delivery of its new long-reach excavator to a customer in the Middle East, showcasing its commitment to innovation and market expansion [1][2]. Group 1: Product Development and Features - The newly delivered long-reach excavator features a 10.8-meter boom and a 7.7-meter reinforced arm, achieving a maximum digging height of 17.2 meters, a maximum digging depth of 13.3 meters, and a maximum digging reach of 20.5 meters, making it suitable for challenging work environments such as highways and ports [1]. - The excavator is equipped with a 4-cubic-meter heavy-duty bucket, ensuring strong performance even in extended reach operations, thereby supporting various construction projects globally [1]. Group 2: Strategic Focus and Market Position - Excavator business is a strategic pillar for Shanhe Intelligent, with over 40,000 units sold in the high-end European market, reflecting strong brand reputation and customer recognition [2]. - By 2025, Shanhe Intelligent aims to continue focusing on high-end, intelligent, and green innovations, launching multiple electric products and completing a full series upgrade [2]. Group 3: Market Trends and Opportunities - The Middle East is experiencing a construction investment boom, with countries like Saudi Arabia and the UAE advancing numerous large-scale projects, leading to a rising demand for large construction machinery [2]. - The engineering machinery market in the Middle East is projected to grow at a compound annual growth rate of over 8% from 2025 to 2030, with demand expected to reach $30 billion by 2030 [3]. - Chinese engineering machinery brands are expected to increase their market share in the Middle East from 5% in 2015 to 25% by 2025, potentially exceeding 40% by 2030, driven by strong product performance and cost advantages [3].