Shandong Weida Machinery Co., Ltd. Class A
SSZSE:00202611.04
CNY
+1.00
(+9.96%)
ISIN
CNE000001KH8
Return %
Stock
S&P 500
1Y
-25.15
13.14
3Y
31.43
80.78
5Y
-21.03
67.74
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Ming Yan Yang
- Full Time Employees
- 3,394
- Sector
- Producer manufacturing
- Industry
- Industrial machinery
- Address
- 2 Zhonghan Road Weihai SD China 264414
- IPO Date
- Jul 12, 2004
- Website
- weidapeacock.com
- Similar Companies
- Business
- Shandong Weida Machinery Co., Ltd. engages in the manufacturing and sale of precision CNC machine tools, powder metallurgy equipment, autoclaved aerated concrete (AAC) machinery, and related industrial automation solutions. Its main products include CNC lathes; machining centers; sintering furnaces; compacting presses; ammonia decomposition and nitrogen generation machines; chemical element analysis and universal gear testers; AAC production lines; brick making and block making machines; mortar and pipe making machines; and various assembly and testing equipment. The company provides OEM/ODM services and solutions for complex, high-precision part machining with applications in automotive, military, electronics, and rail transport sectors. It operates production bases in Weihai, Shandong province, and has expanded manufacturing capacity domestically and internationally, including Vietnam and Mexico. Founded in 1998 and headquartered in Weihai, Shandong Province, Shandong Weida collaborates with universities on R&D, including Shandong University and Huazhong University of Science and Technology. Recent developments include the establishment of a horizontal CNC machine tool engineering research center in Shandong province in 2022, continued expansion of its intelligent manufacturing system offerings, and strategic emphasis on automation and high-end CNC solutions to support domestic substitution and global market demands. The company has also reported increasing profitability and revenue growth driven by intelligent manufacturing upgrades and expanding export activities while maintaining a strong presence in Chinese provinces and international markets. Its latest major changes include enhanced production bases aligning output with global market requirements and ongoing R&D investments fostering new product introductions in CNC and automation sectors. This comprehensive product portfolio and strategic advancements position Shandong Weida Machinery as a key player in precision CNC machinery manufacturing and industrial automation, targeting automotive, construction materials, and high-tech manufacturing industries across China and Southeast Asia. The company forms part of the larger Shandong Weida Group, which encompasses multiple subsidiaries specializing in CNC tools, automation systems, and advanced manufacturing solutions. Its operational footprint extends to global export markets while maintaining its core R&D and production capabilities in China. Shandong Weida Machinery Co., Ltd. maintains a focus on innovation, precision engineering, and market-responsive production capacity, supported by academic partnerships and a growing presence in smart manufacturing technologies, reflecting its commitment to industry upgrades and competitive global positioning.