Summary

Revenue : 000,000 M USD
Finance : 000,000 M USD
Earning Cap : 000,000 M USD
Invest : 000,000 M USD
R & D : 0000 People
Growth : 00% AGR

DIGDAL CAP

Overview

General Introduction Inner Mongolia North Heavy Duty Truck Co., Ltd. (North Co., Ltd.) is a professional enterprise engaged in the research and development, production, and sales of non highway mining vehicles and their components in China. The company was established in 1988 by a Sino foreign joint venture and is now an A-share listed company under China Ordnance Industry Group. Northern Group owns the only national level engineering research center in the field of mining vehicles in China. It is the chairman unit of the Engineering Transport Machinery Branch of the China Construction Machinery Industry Association and the Mining Vehicle Branch of the China Automotive Engineering Society. It is the leading unit in the preparation of national standards for mining vehicles, and is one of the first batch of 54 single champion demonstration enterprises in the manufacturing industry in China. In 2019, it was a strong industrial engineering contractor. From 2013 to 2020, it was selected as one of the "Top 50 Global Construction Machinery Manufacturers" for 8 consecutive years. Northern Group has an annual production capacity of 1000 mining vehicles. We have TR series mechanical transmission mining vehicles with a capacity of 25-91 tons (including mining sprinklers) and NTE series electric wheel mining vehicles with a capacity of 110-400 tons. At present, North Group's mining vehicles account for over 80% of the domestic market share, and the foreign market has expanded to 65 countries and regions worldwide. The cumulative total sales volume ranks first in the country and third in the world. In 2020, it successfully entered the two major high-end mining markets in Australia and Europe. The serialized products of Northern Group are widely used in the seven major mining fields of metallurgy, coal, non-ferrous metals, chemical engineering, building materials, hydropower, and transportation infrastructure. They are distributed in hundreds of large open-pit mines both domestically and internationally, especially in national construction projects such as the Three Gorges Project of the Yangtze River, the Xiaolangdi Hydropower Project of the Yellow River, and the Xiluodu Hydropower Project of the Jinsha River, as well as in national energy groups, Huaneng Group, China Railway Construction Group, China Guangdong Nuclear Power Group, China Hydropower Group, and Ansteel Group Hailuo Group, China Resources Group, and Tibet Julong Group have played important roles in the development of major mines. Northern Stock adheres to the path of specialized development of mining vehicles, adheres to the development philosophy of "relying on strength, intelligence and momentum", "symbiosis, sharing and win-win", promotes digital transformation and upgrading with "Internet plus" as the link, is committed to developing the best mining vehicles with global cost performance, insists on providing users with intelligent and customized products and services, and has built a perfect service network system that spreads all over the country and radiates around the world, Provide mining transportation system solutions to achieve the lowest operating cost and maximum customer value throughout the entire product lifecycle. In recent years, Northern Holdings has been at the forefront of the industry, particularly in intelligent products, intelligent manufacturing, and smart mining. In 2019, the self-developed 110 ton autonomous electric wheel mining vehicle NTE120AT by Northern Group successfully went offline, marking China becoming the third country in the world to enter the field of unmanned mining vehicle research. In 2020, the first intelligent central control system for mining vehicles in China, jointly developed by Northern Corporation and Beijing University of Technology, successfully operated, providing remote monitoring services for all vehicle operations. Northern Corporation has become the earliest enterprise in the field of mining vehicles in China to launch an intelligent system platform and fully owns independent intellectual property rights. At the same time, the industry's pioneering remote health diagnosis service platform for mining vehicles has officially launched, helping Northern Stock achieve digital, dynamic, and remote control of vehicle operation management, and achieve comprehensive management of vehicle safety, fuel consumption, maintenance, and other aspects. In terms of intelligent manufacturing, Northern Group has the world's third largest mining car production workshop, with four intelligent robot welding production lines for mechanical wheel mining car carriages, electric wheel mining car front axle, rear axle, and carriage, as well as unmanned assembly production lines for disc brakes. It is accelerating the implementation of flexible intelligent manufacturing production lines such as electric wheel car frame intelligent robot welding production lines. In terms of smart mine construction, Northern Group is the leading unit in the formulation of national standards for unmanned mining vehicles and smart mine construction in China. It is currently the only mining vehicle manufacturing enterprise in China that has achieved batch application of unmanned mining vehicles in mines. It has already achieved batch application in mines such as Baosteel, Conch Group, and State Power Investment Mengdong Energy Group. As of now, Northern Stock has drafted 16 national standards, completed 31 key new product projects at the national and provincial levels, won 5 first prizes for scientific and technological progress at the provincial and ministerial levels, and obtained 170 national patent authorizations. The company's technology is leading domestically and internationally, with multiple products filling the domestic gap, fundamentally reversing the long-term dependence on imports for mining vehicles in China. In the future, Northern Stock will continue to adhere to the development model of "borrowing strength, borrowing wisdom, borrowing potential", "symbiosis, sharing, and win-win", and is committed to providing users with the lowest operating cost mining vehicle and mining transportation system solutions throughout the entire lifecycle. It will comprehensively achieve high-quality development of "high-end, intelligent, green, and international", and strive to build an international first-class mining vehicle enterprise.
Headquarter Baotou City
Establish Date 4/26/1988
Listed Code 600262.SH
Listed Date 6/30/2000
Chairman Li Jun.
CEO Guo Haiquan.
Website www.chinanhl.com

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