Yantai XingYe Machinery

What Yantai XingYe Machinery does

Yantai Xingye Machinery Co., Ltd. (烟台兴业机械股份有限公司) is a privately-held Chinese heavy-equipment manufacturer founded in July 1997 and headquartered at 186 Tianhua Street, Qinshui Industrial Park, Muping District, Yantai, Shandong Province. The company specializes in underground trackless mining equipment, producing loaders (LHDs/Scooptrams in diesel, electric, battery and low-profile variants, bucket capacities 1–8.5 m³), underground haul trucks (5–50 tonnes) capable of 25% grade operation, hydraulic rock drilling rigs (CYTJ45), scaling trucks, mobile crushers, and a broad service-vehicle lineup (water, fuel, explosives, concrete mixer, personnel carrier, lift platform, pipeline installation). Products are organized across 5 series with 52 specifications, manufactured across a 200-mu facility (60,000 sqm of construction area) with 350+ employees, and supported by 130+ national patents, 10+ national/industry standards, and proprietary technologies including the first remote-controlled unmanned underground LHD developed in China (2017) and self-developed PLC-based automatic leveling and dual-zone safety protection.

The company operates a direct enterprise field-sales model with self-operated import/export rights, selling domestically and internationally to underground metal-mining operations, tunnel construction projects, and aftermarket service customers. Revenue is generated via (1) hardware sales of equipment and spare parts, (2) international mine project contracting led by the South Africa team established in 2019, and (3) custom product development and engineering services. International distribution runs through wholly-controlled subsidiaries Lion One Mining Service (Pty) Ltd in Johannesburg (South Africa), Hong Kong Innovation Technology Industrial Limited, and XINGWANGDA ZAMBIA LIMITED, with customer deployments reported in South Africa, Chile, Zambia, Peru, Bolivia, Australia, Canada, Mongolia, Nepal, and Fiji.

Certifications include ISO 9001, GB/T 29490 (IP management), ISO 14001, ISO 45001/OHS 18001, AEO Advanced Customs (2022), and national mine-safety approvals. Xingye holds multiple state-level designations — National Specialized, Innovative 'Little Giant' Enterprise, National High-Tech Enterprise, Shandong Gazelle Enterprise, Shandong Manufacturing Single-Product Champion — and is currently executing a 300-million-yuan Phase III intelligent manufacturing expansion projected to add 300+ units/year in capacity and a dedicated R&D center for intelligent battery-powered underground mining equipment.

Name

Yantai XingYe Machinery

Legal name

Yantai Xingye Machinery Co., Ltd.

Website

https://ytxingye.com

Company type

Private

Founded year

1997

Operating status

Operating

Short description

Yantai Xingye Machinery is a privately-held Chinese manufacturer of underground trackless mining equipment — LHDs, 5–50t haul trucks, drill rigs, scaling trucks, and service vehicles — sold directly to mining enterprises across more than ten countries via three international subsidiaries.

Ownership category

akta.pro rank

Product category

Underground Mining Equipment

NAICS

Mining Machinery and Equipment Manufacturing (333131)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Underground Mining Equipment (Loaders/LHDs, Continuous Miners, Longwall Systems) (IMAKANAB)

akta.pro secondary industries

Mining & Underground Vehicles (LHDs, Underground Haul Trucks) (IMAHAIAD), Mine Operations Contracting (Open-Pit & Underground Development, Production, Load/Haul) (IMAKAKAD)

Keywords

• Underground mining equipment
• Trackless loaders
• Mining haul trucks
• Rock drilling rigs
• Underground service vehicles

Headquarters

HQ city

Chifu

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Underground Mining Equipment Manufacturing & Sales: Design, manufacture, and domestic and international sales of underground trackless mining equipment including loaders, haul trucks, drilling rigs, scaling machines, and service vehicles. Core revenue driver with products available in 5 series across 52 specifications.
2. Spare Parts Supply: Aftermarket supply of spare parts including hydraulic components, electrical components, power transmission components, and other accessories, supporting the installed equipment base.
3. International Project Contracting: The company established a South Africa team in 2019 responsible for total project contracting for international large-scale mining operations, providing comprehensive equipment solutions.
4. Custom Development & Design Services: Xingye can develop and customize equipment based on actual customer needs, extending revenue through bespoke product engineering.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Yantai Xingye Machinery designs, manufactures, and sells underground trackless mining equipment across five major product series (loaders/scooptrams, mining trucks, drilling rigs, scaling/crushing machines, and service vehicles) with 52 specifications, serving domestic and international mining enterprises. The company also provides custom engineering, aftermarket spare parts, and international project contracting for large-scale mining operations.

Product overview

Yantai XingYe Machinery Co., Ltd. is a professional manufacturer of underground trackless mining equipment offering a comprehensive product portfolio across 5 major series with 52 specifications. The core product lines include: (1) Scooptram/Loader Series (1-8.5 cubic meters) comprising diesel, electric, and battery-powered LHDs plus low-profile models; (2) Underground Mining Truck Series (5-50 tons) including UK-50 and 45-ton models with push-loading bodies; (3) Rock Drilling Series featuring CYTJ45 hydraulic drilling rigs; (4) Scaling and Crushing Series including scaling trucks and mobile crushers (SJ-400/500/700); and (5) Service Vehicle Series offering 8 functional categories: water trucks, explosives transport, concrete mixers, personnel carriers, fuel transport, lift platforms, and maintenance vehicles. The company also provides comprehensive spare parts support. All products are designed for underground mining applications with features like central articulated joints, four-wheel drive, remote control capabilities, and compliance with national mining safety standards.

Differentiator

Problem solved

Functional benefit

Products and services

• Scooptram / Loader Series (铲运机系列) Underground loaders (scooptrams) available in 1-8.5 cubic meter capacities across diesel, electric, battery-powered, and low-profile variants. Designed with low body, central articulated joint, and front-end loading for combined loading, transporting, and unloading in underground mines, tunnels, and infrastructure projects. Used by underground metal mining enterprises and tunnel contractors.
• Underground Mining Truck Series (矿卡系列) Underground dump trucks in 5-50 tonne capacities with central articulated structure, four-wheel drive, small turning radius, and ability to operate fully loaded on 25% gradient slopes. Optional National V / Stage V low-emission diesel engines, with auxiliary braking for safety on long spiral ramps. For underground metal mining enterprises.
• CYTJ45 Rock Drilling Rig (凿岩台车) Full hydraulic rock drilling rig with heavy-duty drilling arm and RNP rock drill, using hydraulic control to handle harsh underground working conditions and improve mining production efficiency. For underground metal mining enterprises.
• Scaling and Mobile Crusher Series (撬毛碎石机系列) Scaling trucks and mobile crushers (SJ-400/500/700) used for rock scaling on mine tunnel walls, roofs, and floors, and for secondary crushing of oversize ore underground. Scaling truck features folding arm with hydraulic hammer. For underground metal mining enterprises and tunnel construction projects.
• Underground Service Vehicle Series (服务车系列) Complete range of underground auxiliary service vehicles including water trucks (FLS-5, 4,500L), explosives transport vehicles, concrete mixer trucks (FH-5/FH-8), lift platform trucks, mobile emulsion explosive trucks, fuel transport vehicles (CY-4000, 4,000L), personnel carriers (RU-16/RU-40), material transport vehicles, pipeline installation vehicles, and maintenance vehicles. For underground mining and tunnel construction operators.
• Spare Parts Supply (备件中心) Aftermarket supply of OEM spare parts for the installed base of Xingye equipment, including hydraulic components, electrical components, power transmission components, and other accessories. Supports lifecycle maintenance for global underground mining customers.
• Remote-Controlled Unmanned LHD (Load-Haul-Dump) Machine China's first underground remote-controlled unmanned LHD machine, enabling line-of-sight and long-range remote control of underground loading operations to improve personnel safety in hazardous headings. For underground metal mining enterprises seeking automation.
• International Project Contracting for Mining Operations Turnkey international project contracting for large-scale mining operations, providing comprehensive underground mining equipment fleets through the dedicated South Africa team. For mining enterprises in Africa and other international markets seeking full equipment solutions.
• Custom Development and Design Services Bespoke equipment engineering and customization based on actual customer requirements and specific underground mining conditions, extending product offerings to address unique operational challenges. For mining enterprises with non-standard underground conditions.

Quantifiable outcome

• Equipment maintained in South African mines for over 3,000 operating hours with maintenance costs significantly lower than competing international brands (Sandvik, Atlas Copco).
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Seven partnerships are on record, tiered major, core and minor.

• Lion One Mining Service (Pty) Ltd (South Africa)majorChannel Partner/ Reseller/ Distributor · 1 January 2015Based in Johannesburg, Gauteng, South Africa, Lion One Mining Service serves as Xingye's primary distribution and service partner for the Southern African market, managing equipment supply and after-sales support for South African mining customers.
• China Non-Ferrous Metals Mining Group Co., Ltd. (Zambia)coreStrategic or Co-development PartnerChina Non-Ferrous Metals Mining Group established the first Chinese overseas non-ferrous metal industrial park in Central Africa under China's 'Going Out' strategy in 2003, serving as a key long-term customer and partner in Zambia's copper belt. Xingye supplies underground trackless equipment for their mining operations.
• Hong Kong Innovation Technology Industrial LimitedmajorChannel Partner/ Reseller/ DistributorHong Kong-based subsidiary serving as an international commercial hub for Xingye Machinery, facilitating global business development and trade operations from Hong Kong.
• XINGWANGDA ZAMBIA LIMITEDmajorChannel Partner/ Reseller/ DistributorZambia-based subsidiary handling sales, distribution, and service support for the Zambian and broader African copper belt mining market.
• Shanghai Jiao Tong UniversityminorStrategic or Co-development PartnerXingye collaborates with Shanghai Jiao Tong University on industry-university-research technical cooperation, integrating academic research capabilities into product development.
• Beihang University (Beijing University of Aeronautics and Astronautics)minorStrategic or Co-development PartnerBeihang University is a key academic partner for Xingye's R&D efforts, contributing to digital and intelligent technology integration in underground mining equipment.
• Yantai UniversityminorStrategic or Co-development PartnerYantai University collaborates with Xingye on industry-university-research technical cooperation, supporting localized innovation and talent development in the Shandong region.

Scale indicators9 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Sandvik AB: Global leader in underground hard-rock mining equipment (LHDs, trucks, drills) and the AutoMine autonomy platform. Direct overlap with Xingye's underground loader and truck product lines, especially in copper and gold mining markets.
• Epiroc AB: Spun off from Atlas Copco, Epiroc is a global leader in underground mining and infrastructure equipment, with the 6th Sense automation suite. Direct overlap across LHDs, haul trucks, drilling rigs, and scaling equipment.
• XCMG Group: Largest Chinese construction and mining equipment manufacturer with underground mining equipment offerings. Closest domestic competitor to Xingye, sharing the Chinese OEM cost-competitive positioning in emerging markets.
• Fambition Mining Machinery: Chinese specialist in underground mining loaders and trucks, headquartered in Inner Mongolia. Closely comparable product portfolio and target customer base to Xingye, with overlap in African copper belt and Chinese underground metal mines.
• MacLean Engineering & Marketing Co. Canadian specialist manufacturer of underground mining equipment (LHDs, trucks, scissor trucks, bolters). Direct peer in product scope, serving North American and international hard-rock miners with comparable niche positioning.

Broad incumbents

• Caterpillar Inc. Broad incumbent with Cat Mining offering underground LHDs and trucks as part of a much larger heavy equipment portfolio; competes in the same end markets as Xingye with MineStar Command for autonomous operations.
• Komatsu Ltd. Diversified heavy equipment OEM with Komatsu Mining (formerly Joy Global) supplying underground hard-rock equipment. Comparable product scope to Xingye but with substantially greater global scale and installed base.
• Liebherr: Family-owned broad incumbent producing underground LHDs and dump trucks as part of its earthmoving and mining portfolio. Competes with Xingye in select underground hard-rock segments, particularly in Europe and Latin America.
• SANY Group: Major Chinese heavy equipment OEM with a growing mining equipment business (SANY Mining). Competes with Xingye both in domestic Chinese underground mining and increasingly in overseas emerging-market projects.

Emerging players

• BYD Company: Chinese battery-electric vehicle leader with growing presence in mining and construction equipment electrification. Relevant as Xingye invests in battery-powered underground equipment, positioning BYD as a potential technology partner or competitor in the underground EV segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Yantai XingYe Machinery