WEIHUA GROUP

What WEIHUA GROUP does

WEIHUA GROUP (卫华集团) is a privately-held, founder-led Chinese industrial conglomerate founded in 1988 and headquartered in Changyuan, Henan. Its core business is the design, manufacture, and global sale of heavy lifting and material-handling equipment - industrial cranes, port cranes, bulk-material handling systems, intelligent parking equipment, and special-purpose heavy-load robots - supplemented by three announced business pillars: crane manufacturing, modern agriculture, and prefabricated construction. According to company sources, bridge- and gantry-crane sales volume has ranked #1 in China for 19 consecutive years, and Weihua holds approximately 10.2% of the global industrial crane market (second globally behind Konecranes) with exports to 170+ countries.

The technology stack is anchored by self-developed systems including an electrical anti-sway positioning controller, a high-speed high-precision distributed control system (operating speed 200 m/min, precision error <1 mm), an AI CRANE intelligent control platform, and a domestically produced ASW-2100C PLC/industrial-controller two-in-one smart controller (300% faster response). A 5G-based industrial internet platform connects more than 35,000 installed cranes to a big-data center spanning 29 Chinese provinces and Southeast Asia, enabling remote monitoring, fault diagnosis, predictive maintenance, and a proprietary "Weihua Crane Index" correlated with PMI and excavator indices. Notable product milestones include the world's first 3,600-ton gantry crane, a world-record 658-meter intelligent vertical-shaft ultra-high-lift gantry crane, China's first 3,000-ton gantry crane, and a contract for the world's tallest 3,800-ton gantry crane. The group holds 2,000+ authorized patents, leads or contributes to 185 standards (international, national, industry, local, group), and operates 33 national/provincial R&D platforms.

The revenue model combines (i) hardware sales of cranes and related equipment (10 series, 200+ product variants covering steel, logistics, construction materials, machinery manufacturing, ports, shipbuilding, hydropower, nuclear power, and aerospace applications), (ii) industrial-internet-enabled full-life-cycle services (remote monitoring, predictive maintenance, fault diagnosis) via the "Weihua Cloud Services" and "Crane Butler" digital platforms, and (iii) standalone professional/managed services. Distribution is a hybrid direct-sales-plus-channel model: an internal enterprise sales force targets state-owned and mission-critical engineering projects domestically, while a global network of 100+ marketing agents, 300+ after-sales service teams, 5 global assembly bases, and 60+ parts warehouses handle overseas demand. The group's four manufacturing bases are in Changyuan (HQ and intelligent cranes), Zhengzhou (high-end equipment and core components), Jiangsu (port/shipbuilding/marine equipment), and Hainan (global trade HQ and R&D under construction). FY2024 revenue was ¥28.916 billion, up 51.29% YoY.

Name

WEIHUA GROUP

Legal name

卫华集团有限公司

Website

https://cranewh.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

WEIHUA GROUP (卫华集团) is a privately held Chinese heavy-equipment manufacturer founded in 1988 that designs, produces, and globally services industrial cranes, port cranes, bulk-material handling systems, and intelligent lifting robots. It holds 170+ country distribution, ~10.2% global crane market share, and rank #1 China sales volume in gantry and bridge cranes for 19 consecutive years.

Ownership category

akta.pro rank

Product category

Industrial crane manufacturing and material handling equipment

NAICS

Overhead Traveling Crane, Hoist, and Monorail System Manufacturing (333923), Material Handling Equipment Manufacturing (33392), Construction Machinery Manufacturing (333120)

SIC

Construction, Mining & Materials Handling Machinery & Equip (3530), Construction Machinery & Equip (3531)

akta.pro primary industry

Cranes, Hoists & Overhead Material Handling (Industrial) (IMAHABAE)

Keywords

• Industrial crane manufacturing
• Lifting equipment
• Port cranes
• Intelligent material handling
• Bulk handling systems

Headquarters

HQ city

Xinxiang

HQ country

China

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. 工业起重机及配套设备销售: 卫华集团的核心收入来源为工业起重机、港口起重机、门式起重机、桥式起重机等整机及配套产品的销售，产品涵盖十大系列200余种，广泛应用于钢铁、物流、建材、机械制造、港口、造船、水电、核电、航天航空等国家重点行业及工程项目。
2. 智能搬运整体解决方案及增值服务: 依托5G、工业互联网平台提供远程监控、故障诊断、预测性维护等全生命周期服务，通过'卫华云服务'和'起重管家'数字化平台为客户提供增值服务，包括设备运维服务和技术支持服务。
3. 全生命周期服务: 通过工业互联网平台实现起重产品设计优化、远程监控、故障诊断、预测性维护、远程运维服务，打通技术研发和产业化链条，实现起重装备的全生命周期管理并收取服务费用。

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

WEIHUA GROUP designs, manufactures, and services industrial cranes (bridge, gantry, portal types), port cranes (container, shipbuilding gantry, bulk material handling), intelligent parking equipment, special heavy-load spatial robots, and complementary lines including modern agriculture equipment and prefabricated construction. Its product portfolio covers ten series and over 200 variants serving steel mills, ports, shipyards, energy/power plants, water conservancy projects, logistics, construction, and machinery manufacturing, with optional full-lifecycle services including remote monitoring, fault diagnosis, and predictive maintenance delivered through the Weihua Cloud platform.

Differentiator

Problem solved

Functional benefit

Brands

• 卫华金秋助学基金: Education assistance fund established by Weihua Group in 2008, supporting students in Changyuan through Changyuan City Charity Federation
• 杨叔子·卫华助学基金
• 卫华爱心志愿服务

Products and services

• Industrial Cranes (Bridge, Gantry, Portal) Core product line spanning industrial cranes including bridge-type cranes, gantry cranes, portal cranes and metallurgical cranes, covering ten series and over 200 variants for steel mills, machinery manufacturing, logistics and warehousing, energy, ports and other industries.
• Port Cranes (Shipbuilding Gantry, Container Gantry, Bulk Material) Port and shipyard cranes including wheel-type container gantry cranes, shipbuilding gantry cranes, and bulk material handling equipment for ports, shipyards, and marine engineering operations globally.
• Intelligent Parking Equipment Automated intelligent parking systems providing space-efficient parking solutions for urban environments, with 24/7 service hotline support, manufactured as part of WEIHUA's three core business segments.
• WEIHUA Heavy-load Spatial Robot Special spatial robot integrating crane technology, high-precision transmission technology, and AI control algorithm technology, equipped with servo motors and a proprietary library management system for intelligent unmanned cargo handling, sorting, and three-dimensional stacking, with a quick-change device compatible with multiple hook types.
• 658m Intelligent Vertical Shaft Ultra-High Lifting Gantry Crane World record-setting ultra-high lifting gantry crane (658m lifting height) featuring 5G+ redundant communication for digital visualization and remote command support, designed specifically for deep shaft operations.
• ASW-2100C Domestically Produced PLC+Industrial Controller Domestically produced PLC and industrial controller two-in-one unit based on H7 high-performance core processor, response speed increased by 300%, breaking international technology monopolies and serving as the core control unit for crane and material handling systems.
• High-Speed High-Precision Distributed Control System In-house distributed control system delivering 200 m/min operating speed and less than 1mm accuracy error, redefining industry precision standards for crane operations.
• Modern Agriculture Equipment Modern agriculture equipment manufactured as one of WEIHUA's three core business segments, focused on ecology, nutrition, and health applications.
• Prefabricated Building Solutions Prefabricated construction solutions (装配式建筑) developed by Weihua Construction Group as part of WEIHUA's three core business segments, emphasizing standardization, refinement, and digitalization.
• Weihua Cloud Full Lifecycle Service Platform 5G+Industrial Internet platform-based service providing full lifecycle management of lifting equipment including design optimization, remote monitoring, fault diagnosis, predictive maintenance, and remote O&M service applications, currently connected to 35,000+ lifting devices covering 29 Chinese provincial-level administrative regions and Southeast Asia.

Quantifiable outcome

• 新中式起重机实现自重、高度、综合能耗降低15%-30%
• +6 more outcomes

Named customers30 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability9 records

Feature10 records

Partnerships

Ten partnerships are on record, tiered 重要 and 核心.

• 西藏日喀则地震灾区重要Others · 7 January 20252025年1月7日西藏日喀则定日县发生6.8级地震，卫华集团迅速响应，向地震灾区捐款100万元及50万应急物资，历经9小时星夜兼程将物资运抵灾区。
• 长江商学院 (Cheung Kong Graduate School of Business)重要Strategic or Co-development Partner · 31 October 2024长江商学院企业家一行莅临卫华开展座谈交流，集团董事长李国强做《商业向善》主题分享，双方围绕国际市场拓展、企业出海风险与机遇等展开深入讨论。
• 长安大学 (Chang'an University)重要Strategic or Co-development Partner · 12 September 2024长安大学工程机械学院党委书记高雁北一行莅临卫华座谈交流，深化校企合作，推动产学研深度融合。卫华在长安大学设立奖助学金。
• 长垣市人民武装部及驻长部队重要Others · 31 July 2024卫华连续十多年开展拥军工作，每年八一前夕赴长垣市武装部、武警中队、通讯连、消防大队开展拥军慰问活动，累计吸纳退役军人和退役大学生达200余人。卫华被河南省委、省人民政府、省军区评为爱国拥军模范单位、十佳爱国拥军企业。
• 河南省人民政府重要Others · 1 January 20242024年1月河南省人民政府发布关于表彰首届'河南慈善奖'的决定，卫华获'爱心捐赠企业'称号，是河南省对企业社会责任的高度认可。
• 河南省红十字会 (Henan Red Cross Society)重要Others · 6 September 2023卫华通过河南省红十字会向香港红十字会捐赠100万元用于香港大埔火灾灾区救援，向西藏日喀则地震灾区捐款100万元及50万应急物资。河南省红十字会授予卫华'博爱'牌匾，转交香港红十字会'感谢状'。
• 河南工学院 (Henan Institute of Technology)核心Strategic or Co-development Partner · 20 March 2023河南工学院承办'科创中原·智汇新乡'系列活动走进卫华，双方围绕产教融合、技术攻关开展务实交流。此外河南工学院与卫华自2003年起开展奖助学金合作。
• 西北工业大学、郑州大学等国内高校重要Strategic or Co-development Partner · 20 March 2023卫华在西北工业大学、郑州大学等国内知名高校设立奖助学金，推进产学研合作和人才培养。
• 杨叔子院士（中国科学院院士）核心Strategic or Co-development Partner · 1 January 2009杨叔子院士作为卫华集团'院士工作站'在站院士，于2009年与卫华共同设立'杨叔子·卫华助学基金'，将其在卫华的顾问费全额捐出定向捐赠江西湖口中学，自2011年起连续11届发放奖学金，累计投入近200万元资助800余名学生。
• 武汉理工大学 (Wuhan University of Technology)核心Strategic or Co-development Partner · 1 January 2007卫华与武汉理工大学自2007年起开展全方位战略合作，连续17年设立'卫华奖学金、卫华奖教金'，并捐赠100万元设立'卫华奖学金及专业建设与学生创新创业活动基金'。双方合作开展国家863计划'新型智能化大型抓斗挖泥船关键技术研究'，引进博士进入卫华博士后工作站并顺利出站。2020年卫华科技集团董事长韩红安被聘任为武汉理工大学'15551人才工程'产学研特聘首席专家。

Scale indicators27 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Henan Mine Crane: China-based competitor also headquartered in Henan Province, focused on European-style bridge/gantry cranes. Competes head-to-head with Weihua in standard and large-tonnage bridge cranes in domestic and export markets, often on price.
• Zoomlion: One of China's largest construction machinery manufacturers with significant crane, hoisting, and aerial work platform businesses. Direct competitor in mobile and industrial cranes, with growing international presence in Belt-and-Road markets similar to Weihua's footprint.
• Sany Heavy Industry: Major Chinese construction and heavy machinery OEM with a growing crane product line. Competes with Weihua in industrial cranes and material handling, leveraging scale, brand, and an extensive domestic sales/service network.
• XCMG Group: China's largest construction machinery OEM and a direct competitor in industrial and port cranes. Overlaps with Weihua across bridge/gantry cranes, port cranes, and heavy lifting equipment, with strong domestic dealer network and aggressive price competition in mid-market SKUs.
• Konecranes: Finland-based global leader in industrial cranes and lifting equipment, holding ~13% of the global industrial crane market (vs. Weihua's ~10.2%). Competes head-to-head with Weihua in port cranes, industrial cranes, and service contracts worldwide, with a particularly strong service-revenue model that Weihua is attempting to replicate.
• Manitowoc Company: US-based specialist crane manufacturer (crawler, mobile tower cranes via Potain, and boom trucks). Competes with Weihua in heavy-lift crawler cranes and tower cranes, particularly in construction and infrastructure applications.
• ABUS Crane Systems: Germany-based crane manufacturer holding ~8.9% global share of industrial cranes. Competes directly with Weihua in bridge/gantry cranes and overhead material handling systems, with strong European customer base.

Broad incumbents

• Liebherr: German family-owned broad industrial equipment manufacturer with deep mobile crane, crawler crane, and maritime crane businesses. Competes with Weihua in heavy-lift and port/shipyard cranes globally, though Liebherr's portfolio extends far beyond cranes into mining, earthmoving, and refrigeration.
• Terex Corporation: US-based diversified industrial equipment manufacturer with material handling and port solutions (Terex Port Solutions) plus mobile cranes. Competes with Weihua in port and rough-terrain cranes and shares end-customers in steel, ports, and construction.
• Cargotec (MacGregor): Finland-based cargo and load handling company with the MacGregor brand specializing in marine and offshore load handling (shipboard cranes, port cranes, offshore mooring). Direct competitor in shipyard and port cranes where Weihua Marine competes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/inthomeway
• Facebookfacebook.com/craneweihuainternational
• LinkedInlinkedin.com/company/weihua-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries13 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 WEIHUA GROUP