Shantui Co., Ltd.: The 260-ton rigid mining trucks will be gradually introduced to the market as product validation progresses.

NightAirdropper · 2026-03-23T07:07:00+00:00

Shantui Corporation stated that in 2025, the company's excavator business revenue has exceeded bulldozer revenue, becoming the main source of income. Bulldozers remain the cornerstone business but are affected by policy factors. Road machinery and loaders have shown strong growth, and revenue is expected to continue growing in 2026, particularly with the electrification penetration rate of excavators and loaders.

NightAirdropper

2026-03-23 07:07:00

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Securities Daily, March 22 — Shantui Co., Ltd. stated during a recent inquiry that from the revenue perspective, the company’s product revenue structure has undergone significant changes by 2025: Excavator sales are growing rapidly, surpassing bulldozers to become the largest source of revenue; bulldozers, as high-threshold products and the company’s cornerstone business, remain profitable despite declines in domestic investment and some regional policy impacts abroad. As a leading domestic industry player, the company has maintained consistent profitability. Road machinery exports are growing quickly, primarily driven by government procurement in overseas markets. The electrification penetration of wheel loaders is further increasing, with product structures beginning to show a “full electric, external oil” characteristic. The rigid mining dump truck market has been validated successfully, with some overseas regions achieving sales. Looking ahead to 2026 revenue targets: the growth and scale of excavator revenue are expected to continue the 2025 trend; the electrification penetration of wheel loaders is expected to further increase, and products like bulldozers and road machinery will continue to advance toward mining applications while maintaining profitability; 260-ton rigid mining dump trucks will gradually enter the market as product validation progresses.

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【Source: Securities Daily】

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