Core Insights - Lingong Heavy Machinery Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with CICC and Everbright Securities as joint sponsors [2] - The company is a leading global provider of mining and aerial work equipment, focusing on innovative and sustainable solutions [2] - Lingong Heavy Machinery ranks third among domestic companies in the global mining transportation equipment and excavator market based on projected 2024 revenue [2] Company Overview - Lingong Heavy Machinery is recognized as the first domestic manufacturer to develop electric-controlled mining excavators, known for high reliability and stability [2] - As of November 1, 2025, the company's sales network has reached over 100 countries and regions globally, holding significant market positions in Asia, Europe, Africa, and the Americas [2] Market Position - According to Frost & Sullivan, Lingong Heavy Machinery ranks first in the global non-road wide-body dump truck sector and first among domestic companies in the global new energy mining transportation equipment market based on 2024 revenue [2] - The company is also positioned fifth in the global aerial work equipment market and third in the Asia-Pacific aerial work equipment market based on projected 2024 revenue [2] - In the global autonomous mining transportation equipment market, Lingong Heavy Machinery ranks fourth among domestic companies based on 2024 revenue [2] Financial Performance - For the fiscal years 2022 to 2024 and the first half of 2025, Lingong Heavy Machinery reported revenues of CNY 10.53 billion, CNY 9.90 billion, CNY 12.03 billion, and CNY 5.53 billion respectively [5] - The company's profits for the same periods were approximately CNY 954 million, CNY 974 million, CNY 1 billion, and CNY 635 million respectively [5] - In the first half of 2025, the company experienced a 14.23% decline in revenue year-on-year, while profits increased by 21.6% [6] Ownership Structure - Prior to the IPO, Wang Zhizhong held approximately 55.50% of the company's shares through Lingong Group, controlling about 34.61% directly and approximately 60.26% indirectly through four holding platforms [6]