Kama Co., Ltd.

What Kama Co., Ltd. does

Kama Co., Ltd. (legal name: Kama Limited by Share Ltd / 恒天凯马股份有限公司) is a publicly listed Chinese industrial manufacturer established in June 1998 and headquartered in Shanghai Pudong New Area, trading on the Shanghai Stock Exchange under ticker 900953. The company is controlled by China Hi-Tech Group Corporation (CHTC), which acquired its controlling stake in April 2008. Kama operates three core business divisions: (1) Trucks — full-range cargo vehicles under the 'Kama' brand spanning micro, light, engineering, special-purpose, electric, and pickup trucks produced via what the company describes as China's most advanced truck production line; (2) Internal-combustion Engines — diesel engines under the 'Laidong' and 'Wuxi Kama' brands ranging from single cylinder to multi-cylinder configurations spanning ten to hundreds of horsepower; and (3) Small Mechanical and Electrical Products — construction equipment (hydraulic excavators, drilling rigs, pile pressing machines), agricultural machinery, tea garden machinery, alternators, and oil pump products.

The company executes manufacturing through six wholly-owned subsidiaries across China, including Shandong Kama Automobile Manufacturing (vehicle assembly), Nanchang Kama (drilling equipment — #1 domestic share), Wuxi Huayuan Kama Engine (60% domestic share in single cylinder air-cooled diesel engines), Shandong Huayuan Laidong Engine, Heilongjiang Fujin Kaima Wheel Manufacturing, and Shanghai Kaining Imp. & Exp. (international trade). Products are sold through a domestic dealer network and exported to Europe, the United States, and over 100 countries. End customers are primarily B2B buyers across commercial transportation, construction and infrastructure, agricultural production, and industrial power generation segments.

The company generates revenue almost entirely through hardware sales of vehicles, engines, and machinery under a quote-based B2B pricing model typical of Chinese industrial manufacturers. Marketing and customer acquisition rely on corporate website presence, investor relations communications through the Shanghai Stock Exchange, and trade association participation. Recent reported financials indicate significant deterioration: revenue contracted substantially from 2021 to 2023, gross profit turned negative, and operating losses deepened materially, with a Board Chairman resignation announced in January 2022 coinciding with the sharpest revenue contraction.

Name

Kama Co., Ltd.

Legal name

Kama Limited by Share Ltd (恒天凯马股份有限公司)

Website

https://kama.com.cn

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Kama Co., Ltd. is a publicly listed Chinese manufacturer producing Kama-brand trucks, Laidong-brand diesel engines, and construction and agricultural machinery through six subsidiaries, serving B2B customers across commercial transportation, infrastructure, and farming sectors with exports to over 100 countries.

Ownership category

akta.pro rank

Product category

Commercial Vehicle Manufacturing

NAICS

Heavy Duty Truck Manufacturing (336120), Motor Vehicle Manufacturing (3361), Motor Vehicle Parts Manufacturing (3363), Engine, Turbine, and Power Transmission Equipment Manufacturing (33361)

SIC

Construction, Mining & Materials Handling Machinery & Equip (3530), Engines & Turbines (3510), Motor Vehicle Parts & Accessories (3714)

akta.pro primary industry

Class 7–8 Heavy-Duty Truck & Tractor Manufacturing (IMACABAC)

Keywords

• Diesel engine manufacturing
• Commercial truck production
• Construction machinery
• Agricultural equipment
• Internal combustion engines

Headquarters

HQ city

Putuo

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Vehicle and Truck Sales: Manufacturing and selling trucks including micro trucks, light trucks, engineering trucks, special cars, electric vehicles, and pickup trucks. Multiple vehicle types and configurations available.
2. Internal-Combustion Engine Sales: Producing and selling diesel engines including single cylinder diesel engines, multi-cylinder diesel engines, and Laidong brand engines. Products cover more than ten horsepower to hundreds of horsepower range.
3. Mechanical and Electrical Products: Manufacturing construction machinery including hydraulic excavators, static pile pressing machines, rotary drilling rigs, horizontal directional drilling equipment, agricultural machinery, tea garden machinery, generators, and related equipment.
4. Oil Pump Products: Production and sales of oil pump products for various engine and machinery applications.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Kama Co., Ltd. manufactures trucks, internal-combustion diesel engines, and small mechanical/electrical products for commercial and industrial markets. The company operates through three primary product lines: Kama-branded trucks (micro, light, engineering, special, electric, and pickup), Laidong- and Wuxi Kama-branded diesel engines, and Nanchang Kama-branded construction machinery including drilling equipment and excavators, supported by agricultural and small-engine product lines.

Product overview

Kama Co., Ltd. (恒天凯马股份有限公司) is a publicly-listed manufacturing company on the Shanghai Stock Exchange (stock code: 900953) established in June 1998. The company operates a multi-segment product portfolio organized into three main business divisions: (1) Trucks - producing a full spectrum of cargo vehicles under the 'Kama' brand including micro trucks, light trucks, engineering trucks, special vehicles, electric vehicles, and pickup trucks; (2) Internal-combustion Engines - manufacturing the 'Laidong' and 'Wuxi Kama' branded diesel engines ranging from single cylinder to multi-cylinder configurations, with the single cylinder air-cooled diesel engine holding 60% domestic market share and exporting to over 100 countries; (3) Small Mechanical and Electrical Products - producing construction equipment (excavators, drilling rigs), agricultural machinery, alternators, and specialized tea garden machinery. The company has subsidiaries including Shandong Kama Automobile Manufacturing, Nanchang Kama, and Wuxi Huayuan Kama Engine. The Nanchang Kama drilling equipment holds the industry's top domestic market share.

Differentiator

Problem solved

Functional benefit

Brands

• Kama (凯马): Truck brand with established market position
• Laidong (莱动)
• Wuxi Kama (无锡凯马)

Products and services

• Kama Truck Kama-branded commercial truck family serving cargo transportation, freight, and commercial operators.
• Micro Truck Micro-sized commercial truck for short-haul and light cargo transportation applications.
• Light Truck Light-duty commercial truck for medium cargo hauling and urban distribution applications.
• Engineering Truck Engineering-purpose truck designed for construction, infrastructure, and heavy-duty commercial applications.
• Special Car Special-purpose commercial vehicle variant for specialized industrial transport applications.
• Electric Vehicle Electric-powered commercial vehicle variant for buyers seeking electrified transport options.
• Pickup Truck Pickup truck variant designed for commercial cargo, utility, and light-duty commercial applications.
• Laidong Engine Laidong-branded internal-combustion engine family manufactured by subsidiary Shandong Huayuan Laidong Engine for industrial and agricultural buyers.
• Wuxi Kama Single Cylinder Air-Cooled Diesel Engine Single-cylinder air-cooled diesel engine holding 60% domestic market share, manufactured by subsidiary Wuxi Huayuan Kama Engine for industrial, agricultural, and small-engine buyers.
• Multi Cylinder Diesel Engine Multi-cylinder diesel engine for higher-power industrial and commercial applications.
• Agricultural Equipment Agricultural equipment line for farming operations and agricultural mechanization buyers.
• Oil Pump Products Oil pump components produced as part of small mechanical/electrical products division.
• Nanchang Kama Drilling Equipment Nanchang Kama-branded drilling equipment product line holding industry-leading domestic market share, manufactured by subsidiary Nanchang Kama for construction and infrastructure buyers.
• Alternator Alternator electrical component produced as part of small mechanical/electrical products division.
• Engine Small engine offering within the small mechanical/electrical products division.
• Agricultural Machinery Agricultural machinery for mechanized farming and cultivation operations.
• Tea Garden Machinery Tea garden-specific machinery for tea cultivation and plantation operations.

Quantifiable outcome

• 60% domestic market share for single cylinder air-cooled diesel engines
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Shandong Kama Automobile Manufacturing Co. Ltd.coreOthersControlled subsidiary manufacturing trucks and automobiles. Part of the Kama group of companies for vehicle production.
• Nanchang Kama Co LtdcoreOthersControlled subsidiary. Drill products hold domestic market share ranked first in the industry. Part of group's construction machinery operations.
• Wuxi Huayuan Kama Engine Co. Ltd.coreOthersControlled subsidiary manufacturing engines. Produces single cylinder air-cooled diesel engines with 60% domestic market share.
• Shanghai Kaining Imp. & Exp. Co. LtdcoreOthersControlled subsidiary handling import and export operations. Manages international sales and distribution of company products.

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Regional players

• Yutong Bus: Yutong is a leading Chinese commercial vehicle (bus) manufacturer listed in a similar tier of domestic OEMs. Compares to Kama in Chinese commercial vehicle manufacturing scale and SOE-adjacent ownership structure, though focused on buses.

Emerging players

• Zoomlion: Zoomlion is a major Chinese construction machinery OEM producing excavators, cranes, and concrete equipment. Comparable to Kama's drilling and excavator business with broader product breadth and scale.
• XCMG: XCMG is one of China's largest construction machinery manufacturers, producing excavators, drilling rigs, and loaders. Competes directly with Kama's construction equipment segment in domestic and export markets.
• Sany Heavy Industry: Sany is a leading Chinese construction equipment manufacturer producing excavators, drilling rigs, and cranes. Directly comparable to Kama's Nanchang Kama drilling equipment and excavator product lines, though at much larger scale.

Direct peers

• Weichai Power: Weichai is China's largest diesel engine manufacturer serving heavy trucks, construction machinery, and marine applications. Directly comparable to Kama's Laidong engine business and Wuxi Kama single-cylinder diesel franchise.
• Foton Motor: Foton Motor is a major Chinese commercial vehicle producer offering light, medium, and heavy trucks plus engines. Overlaps with Kama's full-range truck portfolio and dealer-driven distribution model.
• Dongfeng Motor Corporation: Dongfeng is one of China's "Big Three" commercial vehicle OEMs producing trucks across all weight classes plus diesel engines. Directly comparable to Kama's truck and engine business in customer base and product range.
• FAW Group: FAW's Jiefang truck division is a leading Chinese heavy and medium duty truck manufacturer. Direct competitor to Kama in commercial vehicle sales channels, export markets, and powertrain offerings.
• JAC Motors: JAC produces light, medium, and heavy commercial trucks plus engines and EVs. Comparable product mix to Kama with greater EV exposure, competing for similar commercial fleet customers.
• Sinotruk: Sinotruk is one of China's largest heavy-duty truck manufacturers, directly comparable to Kama's heavy truck segment. Both produce commercial vehicles for domestic and export markets and compete for similar commercial fleet customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/kama-co-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries6 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 Kama Co., Ltd.