- CEO
- Xing Chun Zhang
- Full Time Employees
- 2,640
- Sector
- Producer manufacturing
- Industry
- Trucks/Construction/Farm machinery
- Address
- Mining Machinery Industrial Park Weifang SD China 262400
- IPO Date
- Dec 7, 2010
- Business
- Shandong Mining Machinery Group Co., Ltd. (002526.SZ) manufactures and sells coal mining machinery and related equipment primarily in China with international operations. The company produces core products including scraper conveyors, hydraulic supports, belt conveyors, simple hydraulic props, boring machines, shearers, metal roof beams, washing and selecting machines, construction material machines, and integrated mining equipment sets; it also offers intelligent transportation equipment, intelligent product electro-hydraulic control systems, bulk material conveying equipment such as tubular belt and vibrating screens, dense-medium cyclones, mining cylinders, refuge chambers, and accessories like conveyor rollers, pulleys, and belt cleaners. Founded in 1955 and headquartered in the Mining Machinery Industrial Park, Economic Development Zone, Changle County (Weifang), Shandong Province, China, the company operates 13 subsidiaries and serves sectors including coal mining, coal washing, mine safety, brick-making, post-press packaging, and unmanned aviation.
In recent developments, the company announced a private placement of up to 162,162,162 A shares in July 2024, including participation by new investor Zhao Huatao for an 8.34% stake, with the Shenzhen Stock Exchange accepting the application by March 2025; it also issued CNY 300 million in corporate bonds in 2024 for refinancing and expansions, plans to invest CNY 6.5 million to establish a holding subsidiary as of September 2024, and pursues product innovations, market expansions into Southeast Asia and Africa, strategic acquisitions such as a $50 million competitor purchase in 2023, and R&D investments for automation.