New stock news | Bulldozer manufacturer Shantui Construction Machinery (000680.SZ) resubmitted its application to participate in major projects such as the Chongqing Three Gorges Water Conservancy and Electric Power hub in Hong Kong Stock Exchange.

According to the disclosure from the Hong Kong Stock Exchange on April 30, Shantui Construction Machinery Co., Ltd. (000680.SZ) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CICC as its sole sponsor. The company had previously submitted a listing application to the Hong Kong Stock Exchange on August 28, 2025. Company Profile: According to data from Frost & Sullivan, based on sales in 2025, Shantui Construction Machinery is the third largest global manufacturer of bulldozers and the largest in China. In 2025, based on global revenue from construction machinery products, Shantui Construction Machinery ranks fifth among Chinese construction machinery companies worldwide. According to the same source, in 2025, Shantui Construction Machinery held a market share of 10.2% in the global bulldozer market, 63.0% in the Chinese bulldozer market, and 0.9% in the global construction machinery market. Although bulldozers accounted for about 4% of global construction machinery revenue in 2025, this segment is one of the most technologically advanced and essential categories in the industry, serving as the cornerstone for large infrastructure and earthmoving projects. Shantui Construction Machinery is committed to the research, development, manufacturing, sales, and service of a full range of engineering machinery and components, including bulldozers, excavators, loaders, road machinery, mining trucks, concrete equipment, among others. The company aims to become the leader in "smart construction solutions". According to Frost & Sullivan data, Shantui Construction Machinery has dominated the Chinese bulldozer market for 22 consecutive years since 2004 and has maintained a market share of over 60% in the Chinese bulldozer market from 2010 to 2025. Shantui Construction Machinery is also a pioneer in China's "smart construction solutions", providing end-users with integrated intelligent solutions that combine "smart equipment + intelligent platforms + process methods" and have successfully commercialized these solutions. Embracing international opportunities, as of December 31, 2025, the company had established 13 overseas subsidiaries worldwide, with sales and service networks covering over 160 countries and regions. In 2025, overseas revenue accounted for 59.8% of the company's total revenue, making it a leading player in China's engineering machinery industry expanding internationally. With excellent quality and technology, Shantui Construction Machinery has been widely involved in a series of iconic major projects at home and abroad, including the Chongqing Three Gorges Water Conservancy and Electric Power hub, West-to-East Gas Pipeline, South-to-North Water Diversion Project, Beijing-Shanghai High-Speed Railway, Daxing International Airport, as well as various important transportation hubs and mining projects in Belt and Road countries such as Kazakhstan, Uzbekistan, Saudi Arabia, Indonesia, and Malaysia. Financial Information: Revenue: The company recorded revenues of approximately RMB 11.364 billion, RMB 14.219 billion, and RMB 14.620 billion in 2023, 2024, and 2025 respectively. Net Profit: The company recorded net profits of approximately RMB 796 million, RMB 1.114 billion, and RMB 1.215 billion in 2023, 2024, and 2025, respectively. Gross Margin: The company's gross margins were 18.7%, 19.4%, and 20.7% in 2023, 2024, and 2025 respectively.