On the afternoon of July 13th, Premier Li Qiang presided over a symposium for economic situation experts and entrepreneurs, listening to the voices of market entities, analyzing the current economic situation, and deploying the next stage of economic work. Shandong Heavy Industry, as a representative of the enterprise, attended the meeting and spoke, demonstrating the industry status and development responsibility of the enterprise in the field of high-end equipment manufacturing. In the first half of 2026, Shandong Heavy Industry anchored its global, green, digital, and ecological transformation direction, deeply cultivating its main business, innovating, and expanding its market, continuously consolidating its high-quality development foundation, steadily increasing its operating performance, and achieving a cumulative operating revenue of 331.9 billion yuan, a year-on-year increase of 16.6%. Multiple core indicators remained at the forefront of the industry, and it delivered a half year performance report with both quality and excellence.

Shantui, as the core sector of the group's construction machinery, has closely followed the pace of the group and achieved phased breakthroughs in five dimensions: overseas markets, intelligent technology, new energy products, industry collaboration, and brand building. The first Global Customer Festival held in June was a concentrated display of development achievements in the first half of the year, clearly anchoring the goal of internationalization and intelligent development by 2030.

1、 Backed by the group's overall market, Shantui's development fundamentals continued to improve in the first half of the year

The four major transformation tracks of Shandong Heavy Industry accelerated in the first half of the year, providing full industry chain support for Shantui. At the global level, the group's overseas markets are growing synchronously. In late July, a global partner conference will be held in Vietnam to promote green and intelligent equipment to 62 countries, continuously expanding the overseas channel ecology. Shantui, as the main force of engineering machinery exports, will fully benefit from the expansion of global infrastructure demand.

Relying on the collaborative advantages of the entire industry chain of the group, Shantui's operations have steadily improved in the first half of 2026. In the first quarter, the company's revenue was 3.964 billion yuan, with a net profit attributable to the parent company of 336 million yuan, a year-on-year increase of 20.81%, and the quality of profitability continued to improve; The commercialization of intelligent products is accelerating. On the market side, Shantui synchronously laid out domestic high-altitude and overseas diversified markets. In the first half of the year, Shantui followed the group's "group army" to the Xizang Nyingchi Engineering Construction Expo. Its bulldozers, loaders and other green intelligent complete sets of equipment passed the plateau limit condition verification; Overseas channels continued to deepen, participated in construction machinery exhibitions in Türkiye, Brazil, Australia and other countries, and cooperated with overseas agents to carry out public welfare and channel expansion. The proportion of overseas revenue remained high for a long time, becoming the core growth engine.

On the technical side, Shantui completed the core product iteration in the first half of the year, and the core highlights were released during the June Global Customer Festival; Centered around the "three modernizations" of intelligence, electrification, and integration, we have signed strategic cooperation agreements with Luoshi Robotics and multiple research institutions to fill the gaps in new energy engineering machinery, smart mining, and intelligent production line technology, and to connect the entire chain of power, complete machines, and complete solutions within the group, building differentiated competitive barriers. At the level of social responsibility, Shantui is simultaneously fulfilling its responsibilities as a state-owned enterprise. In the first half of the year, it carried out consumer aid to Xinjiang and grassroots summer cooling activities. Overseas cooperation with Ecuadorian agents landed rural primary school public welfare projects, achieving mutual improvement in business development and brand reputation.

2、 2026 Shantui Global Customer Festival: Panoramic display of achievements in the first half of the year, clarifying the medium and long-term strategic blueprint

On June 17th, Shantui's first Global Customer Festival opened in Jining. This mid year heavyweight event is a concentrated release of Shantui's technological, market, and strategic achievements in the first half of the year. Nearly a thousand global customers, partners, and industry experts gathered to fully present the company's transformation achievements and future development roadmap in the first half of the year.

Release the 2030 globalization strategy and anchor the goal of world-class construction machinery brands

Wang Zhijian, Secretary of the Party Committee and Chairman of Shandong Heavy Industry, made a statement on site that the group will make every effort to promote the construction machinery sector to become a world-class brand, and build Shantui into an internationally renowned brand. The confidence comes from four major supports: full industry chain synergy, technological innovation, global market space, and symbiotic ecology. Shantui has simultaneously released a globalization strategy report, establishing core goals for 2030. On the one hand, it will continue to iterate intelligent electric complete machine products, and on the other hand, it will improve its global marketing service network. Relying on the group's overseas conferences and exhibitions, it will continue to expand its global cooperation map, matching the globalization layout rhythm of the group's Vietnam Global Partner Conference in the second half of the year.

Heavy release of SSC2.0, implementation of intelligent core technology

The core technology highlight of Customer Festival - Shantui Intelligent Driving SSC Platform 2.0 has been officially released. The platform can independently complete multi scenario operations such as bulldozer automatic soil discharge, loader automatic feeding, and machine group collaborative construction, solving the problems of high labor costs and high-risk working conditions in mining and infrastructure. In the first half of the year, Shantui has completed the delivery of multiple intelligent unmanned devices, confirming its ability to commercialize technology; More than a hundred devices at the exhibition site carried out real-life dynamic performances, with AI unmanned clusters and new energy electric equipment taking turns to operate, intuitively demonstrating the advantages of low noise, energy saving, and high efficiency, and presenting the tangible results of the first half of the year's digital transformation.

Implementing the "three modernizations" product strategy, accelerating the catch-up of the group's growth dividends in the new energy track

In the face of the industry's electrification transformation, Shantui established an intelligent, electrified, and integrated product strategy in the first half of the year, covering all categories of bulldozers, excavators, mining trucks, and road machinery. It launched complete equipment solutions for mines and new energy construction sites, accurately undertaking the industrial dividends of the group's rapid growth in new energy business. Completed multiple strategic cooperation contracts on site during the customer festival; Relying on Weichai methanol power and power battery technology, Shantui electric bulldozers and electric loaders form a complete product matrix, and collaborate with the group's green ships, new energy heavy-duty trucks and other products to build a full scenario green equipment system.

3、 Summary of Development in the First Half of the Year and Main Line of Development in the Second Half of the Year

Overall, in the first half of 2026, Shantui Co., Ltd. relied on the overall high-quality development trend of Shandong Heavy Industry to achieve multiple breakthroughs in operating profitability, intelligent technology, overseas channels, and new energy layout. The June Global Customer Festival is a comprehensive review and strategic extension of the development achievements in the first half of the year. In the short term, the company's intelligent equipment, overseas exports, and new energy products have formed a stable growth curve; In the medium to long term, the 2030 globalization strategy, advanced intelligent driving technology of SSC, and the "three modernizations" product roadmap released on Customer Day will become the core growth engines of the future.

It is reported that the Shandong Heavy Industry Global Partner Conference and Green Intelligent Product Exhibition will be held at the Vietnam National Convention and Exhibition Center (VEC) from July 21st to 22nd, 2026. The conference, with the theme of "Technology Empowering Equipment Beauty" and an exhibition area of 26000 square meters, invited 1577 participants from 62 countries and regions around the world to gather in Hanoi to witness the latest achievements of Shandong Heavy Industry's green intelligent high-end equipment. Shantui will continue to follow the group's efforts to expand overseas markets in Southeast Asia and continue to amplify its export growth advantages.Editor/Cheng Liting