CITIC Heavy Industries
CITIC Heavy Industries, listed on the Shanghai Stock Exchange (SSE: 601608), is a world-leading supplier and service provider of mining equipment. It is also a top tier player in specialized robotics in China. Leveraging on a new business model of manufacturing plus integrated services, it seeks to empower traditional manufacturing to operate in a more digitalized and intelligent way. Moreover, it boasts China’s first National Enterprise Technology Center, the first National Laboratory of Heavy Equipment for Mining, a national-level industrial design center and a safety analysis & verification center for new materials of mining equipment. In 2006, the company was selected into the first batch of demonstration bases for entrepreneurship and innovation by the State Council. In 2021, Industrial Internet Platform for Mining Equipment initiated by CITIC Heavy Industries was recognized as “2021 industrial internet pilot demonstration project”. Recent years, with key components and cast products delivered to Hualong One Reactor, the company has boosted domestic production of equipment in an effort to participate in the area where overseas players used to dominate.