Lonking Holdings Ltd - Company Profile
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Business Description
Lonking Holdings Ltd (LHL) manufactures and distributes construction and logistic machinery. Its product offering includes wheel loaders, hydraulic excavators, road rollers, skid steer loaders, diesel forklifts, electric forklifts, and liquefied petroleum gas (LPG) forklifts. It also offers machine sales, spare parts supply, maintenance, and financial leasing services.
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R&D Overview
The company carries out R&D for new product development and management system, and product design change management system. It has a well-established research and development system, which allows it to develop products that meet the needs of sustainable development. In order to ensure the quality of research and development and that the products developed meet the requirements of national laws and regulations, the company strictly implements the requirements of its systems. As of 2021, the company introduced technical experts and technicians, invested more in research and development for initiating, promoting, researching, producing and testing new products. The company further enhanced the technical research of the core key components, promoting a better development for projects such as axles, gear boxes, cylinders, gears, castings, and high-end hydraulic pumps and valves. In particular, substantial progress has been made in new energy loaders and forklifts. In FY2021, the company spent CNY622.55 million on R&D, which as a percentage of its revenue stood at 4.54% and grew 7.5% YoY.
Business Segments
Overview
- Offers finance leasing for wheel loaders and other machinery.
Performance
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Overview
Operates the management of its financial assets.
Overview
- Offers construction machinery and logistic equipment. - Construction machinery includes wheel loaders, hydraulic excavators, road rollers and skid steer loaders. - Logistic equipment includes diesel forklifts, electric forklifts and LPG forklifts. - Provides component, parts and services.
Performance
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Product Categories
Overview
- Offers Chinese excavator, hydraulic excavator, crawler excavator, Chinese crawler excavator, Chinese hydraulic excavator, and Chinese logistic equipment to infrastructure construction sector.
Performance
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Performance
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Overview
- Offers diesel forklift, electric forklift, and LPG forklift.
Performance
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Overview
- Offers skid steer loader.
Performance
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Overview
- Offers Chinese road roller, Chinese single drum roller, Chinese vibratory roller, engine, and reliable hydraulic vibration system.
Performance
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Overview
- Offers pay loader, Chinese pay loader and wheel loader; Chinese 3T and 5T wheel loader; Chinese large and small wheel loader; and 1T-2.3T wheel loader.
Performance
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