Shaanxi Construction Machinery Co.,Ltd, together with its subsidiaries, engages in the research, development, manufacture, sale, and leasing of machinery in China and internationally. It operates through two segments: construction machinery leasing and construction machinery manufacturing. The company provides construction machinery, construction hoisting machinery, metal structure products, and related accessories; metal structure installation engineering; construction machinery equipment leasing and maintenance; export of self-produced products; and import and export of raw materials, equipment, and spare parts. In addition, it offers asphalt concrete pavers, road rollers, milling machines, stabilized soil mixing plants, and asphalt mixing plants suitable for road construction; trackless rubber-tired vehicles suitable for coal mine transportation; rotary drilling rigs suitable for foundation engineering in municipal construction, bridge construction, and high-rise buildings; tower cranes suitable for building construction; and various non-standard steel structure products. The company was founded in 1954 and is headquartered in Xi'an, China.
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Construction Machinery plunges after resuming trading, shares fall 5.67% following restructuring plan disclosure
Construction Machinery resumed trading on August 26 with an opening limit-up, then staged a sharp intraday reversal, at one point falling nearly to the daily limit-down. It ultimately closed down 5.67 percent at 4.66 yuan per share, with its market value shrinking to 5.858 billion yuan. Earlier, on the evening of August 24, the company released a restructuring plan under which it intends to acquire 100 percent equity in Pucheng Clean Energy Chemical Company through a combination of share issuance and cash payment, while also raising supporting funds. After the transaction, the company will form a dual-core business structure of equipment manufacturing plus modern coal chemicals. Due to a sluggish main business and delisting risk, the company has posted losses for four and a half consecutive years, with cumulative losses of about 4.475 billion yuan. Pucheng Clean Energy Chemical, the asset being injected, is a high-quality coal chemical asset under Shaanxi Coal Group. In the first half of 2026, it achieved revenue of 4.37 billion yuan and net profit attributable to the parent of 302 million yuan. The transaction constitutes a related-party transaction and is expected to constitute a major asset restructuring, but it will not result in a change of actual controller.
Construction Machinery Plans to Acquire 100% of Pucheng Clean Energy; Trading Halted from August 11
Construction Machinery has received notice from its controlling shareholder, Shaanxi Coal Group, approving the plan to acquire 100% equity in Pucheng Clean Energy Chemical Company through a combination of share issuance and cash payment, along with a concurrent fundraising. Trading in the company's shares will be halted from market open on August 11, with the halt expected to last no more than 10 trading days. Jiangbolong reported first-half revenue of 24.088 billion yuan, up 136.26% year-on-year, and net profit attributable to the parent of 10.577 billion yuan, up 71,528.66%. It also plans to repurchase shares worth 400 million to 800 million yuan for equity incentives or employee stock ownership plans, with a repurchase price not exceeding 735 yuan per share. Heduan Intelligent saw a net institutional seat purchase of 50.8161 million yuan on August 10, accounting for 1.91% of total turnover. In addition, WuXi AppTec posted first-half net profit attributable to the parent of 11.08 billion yuan, up 29.43% year-on-year, and significantly raised its full-year performance guidance, with its share price continuing to climb. Gan & Lee Pharmaceuticals reached an exclusive licensing agreement with Menarini, granting it the rights to register and commercialize Bofanglutide for overweight or obesity indications in 39 European countries and regions, with milestone payments of up to 664 million euros.
Construction Machinery Plans to Acquire 100% Stake in Pucheng Clean Energy; Trading Halted from August 11
Construction Machinery disclosed plans to acquire a 100% stake in Pucheng Clean Energy Chemical Co., Ltd. through a combination of share issuance and cash payment, while also raising matching funds. Trading in the company's shares will be halted from August 11, expected to last no more than 10 trading days. This transaction constitutes a related-party transaction and is expected to constitute a major asset restructuring, but will not lead to a change in the company's actual controller. Pucheng Clean Energy is a modern coal chemical enterprise primarily engaged in the production and sale of polyolefin products such as polyethylene and polypropylene. On August 10, Construction Machinery hit its daily limit up, closing at 4.49 yuan per share, with a total market capitalization of 5.644 billion yuan.
Multiple Shanghai and Shenzhen Listed Companies Disclose Half-Year Reports and Major Matters on the Evening of August 10
On the evening of August 10, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important announcements. Gan & Lee Pharmaceuticals signed a licensing agreement with Menarini for the Bofang Glutide project, with an upfront payment of 62 million euros and milestone payments of up to 664 million euros. Construction Machinery plans to acquire 100% equity of Pucheng Clean Energy Company, and its shares will be suspended from trading starting August 11. Guolian Minsheng plans to reduce the registered capital of Minsheng Securities by 10 billion yuan, and Minsheng Securities will mainly engage in wealth management business. Weichai Heavy Machinery plans to invest approximately 538 million yuan to build a high-end equipment manufacturing base for electric power energy. Kunlun Tech plans to transfer its equity in Xianlai Huyu for 750 million yuan and also plans to issue H shares for listing in Hong Kong. Jiemei Technology plans to purchase 100% equity of Aifusi Technology through share issuance, with a transaction amount of 915 million yuan. Zhongke Magnetics plans to issue convertible bonds to raise no more than 609 million yuan, and Huicheng Vacuum plans to raise no more than 955 million yuan through a private placement. Aili Home will suspend trading from August 11 for verification after its stock price surged 185.56% over 11 trading days. In terms of performance, Jiangbolong's net profit in the first half of the year was 10.577 billion yuan, a year-on-year increase of 71,528.66%; Zangge Mining's net profit was 3.638 billion yuan, up 102.09% year-on-year, and it plans to distribute 10 yuan per 10 shares; Debang Technology's net profit rose 49.33% year-on-year, with a planned dividend of 1 yuan per 10 shares; Xinlian Integration's net profit was 278 million yuan, turning losses into profits year-on-year; Ninebot's net profit was 1.008 billion yuan, down 18.79% year-on-year. In addition, Beijing Junzheng, Jiangbolong, Zhaochi Holdings, and other companies disclosed buyback plans, and Fuwei Holdings received a seat project nomination worth approximately 3.936 billion yuan.
Unitree Technology IPO online subscription lottery rate 0.0181%; Longsys half-year net profit surges 715 times
Several companies released important announcements today. Unitree Technology announced the final online subscription lottery rate for its STAR Market IPO at 0.01809759%, with an issue price of 150.80 yuan per share. Longsys disclosed its 2026 semi-annual report, achieving a net profit of 10.577 billion yuan, a year-on-year increase of 71,528.66%, and plans to repurchase shares with 400 million to 800 million yuan. Elegant Home, which hit the daily limit for 12 out of 11 trading days, announced that its stock price rose 185.56% over 11 trading days, and trading was suspended again for review just three trading days after resumption. The lottery numbers for the year's most expensive new stock, Precisive Laser, were drawn, totaling 6,423 winning numbers, with an issue price of 186.88 yuan per share. Gan & Lee Pharmaceuticals authorized Menarini the commercialization rights for the overweight or obesity indication of Bofangglutide in 27 EU countries and other regions, with milestone payments of up to 664 million euros. United Nova Technology reported a half-year net profit of 278 million yuan, turning losses into profits year-on-year. Construction Machinery plans to acquire 100% equity of Pucheng Clean Energy Company, and its stock was suspended. In addition, GigaDevice's subsidiary invested 100 million US dollars to subscribe for private equity fund shares. The upper-level equity structure change of Shanshan's controlling shareholder was completed, with Conch Group becoming the indirect controlling shareholder. Easyhome's actual controller changed to Yang Fang.
Construction Machinery Forecasts a Loss of 500 Million Yuan in the First Half of 2026
Construction Machinery disclosed its earnings forecast, expecting a net loss attributable to the parent company of 500 million yuan in the first half of 2026, compared with a loss of 447 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 510 million yuan, compared with a loss of 452 million yuan a year earlier. The company's main business includes two segments: construction machinery leasing and construction machinery manufacturing. The change in performance is due to the lack of significant improvement in the demand side of the domestic tower crane leasing market, a year-on-year decrease in the newly started area of engineering construction projects, and equipment utilization rates and equipment leasing prices remaining at low levels.