Dagang Holding Group

What Dagang Holding Group does

Dagang Holding Group Co., Ltd. (达刚控股集团股份有限公司, SZSE: 300103) is a Xi'an-headquartered, Shaanxi-based publicly listed holding company that operates across three integrated business segments: high-end pavement equipment manufacturing, urban road smart operations and maintenance, and hazardous waste/solid waste comprehensive recycling. The company designs, manufactures, and sells specialized asphalt road construction and maintenance machinery — including intelligent asphalt sprayers, asphalt-gravel synchronous seal coat vehicles, micro-surfacing/slurry seal vehicles, powder spreaders, cold recyclers, fiber synchronous seal vehicles, and liquid asphalt transport vehicles — plus underlying asphalt material production equipment (mixing, emulsification, modification, and heat-transfer-oil drum unpacking). Several products are explicitly world-firsts, including the 1988 waste-gas asphalt drum equipment and the no-auxiliary-engine slurry seal vehicle, supported by more than 300 national authorized patents.

The company monetizes primarily through one-time capital equipment sales to government highway bureaus, state-owned road construction contractors, and international buyers (currently exporting to 63+ countries including Belt-and-Road markets in Africa and South Asia), supplemented by recurring road maintenance and operations services (e.g., Hunan Daoyue highway maintenance contract scoring 99/100 in 2021), environmental equipment and services, and emerging digital platform revenue via the 'Weida' smart management platform jointly developed with Tencent Cloud. The company's largest shareholder is Shaanxi Shaangu Group (陕鼓集团), which became the controlling strategic investor in 2014; the original founder Li Taijie remains as chief scientist, with co-founder Sun Jianxi serving as Chair and Fu Jianping as President. Strategic pivots toward smart city O&M and platform-based service delivery since 2021-2022 are layered on top of the legacy equipment manufacturing core, which has been the source of significant revenue and earnings declines in the most recent reporting periods.

Name

Dagang Holding Group

Legal name

达刚控股集团股份有限公司

Website

https://sxdagang.com

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

251–500 employees

Short description

Dagang Holding Group (SZSE: 300103) is a Xi'an-based public holding company that manufactures specialized asphalt road construction and maintenance machinery, provides urban road smart operations and maintenance services, and operates a hazardous waste recycling business, serving government highway bureaus, SOE contractors, and international buyers across 63+ countries.

Ownership category

akta.pro rank

Product category

Road Construction and Maintenance Machinery

NAICS

Construction Machinery Manufacturing (333120), Motor Vehicle Body and Trailer Manufacturing (3362), Solid Waste Combustors and Incinerators (562213)

SIC

Construction Machinery & Equip (3531), Industrial Trucks, Tractors, Trailors & Stackers (3537)

akta.pro primary industry

Road Building & Paving Equipment Vehicle Manufacturing (Pavers/Rollers/Milling) (IMACAFAE)

akta.pro secondary industry

C&D Waste Collection & Hauling (BPALAJAA)

Keywords

• Road construction machinery
• Asphalt pavement equipment
• Highway maintenance vehicles
• Pavement preservation equipment
• Asphalt spraying equipment

Headquarters

HQ city

Changan

HQ country

China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Equipment Manufacturing and Sales: 达刚路机 manufactures and sells road construction and maintenance equipment including asphalt sprayers, synchronous seal coat vehicles, micro-surfacing machines, cold recyclers, and related equipment. Revenue is generated through one-time equipment sales to government road management departments, construction companies, and international buyers.
2. Road Maintenance Services: The company provides road asset lifecycle management services, including highway maintenance projects, underground cavity detection services, and intelligent road operation and maintenance.
3. Environmental Equipment and Services: 达刚 develops and provides environmental business including waste incineration equipment, pest control (vector management) services, and rural waste treatment solutions.
4. Technology Solutions and Cooperation: The company provides technology cooperation including joint equipment development, smart city management platform development, and technical training services through their International Road Maintenance Technology Training Center.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Dagang Holding Group develops, manufactures, and sells road construction and maintenance machinery, including intelligent asphalt sprayers, synchronous chip sealers, micro-surfacing/slurry seal vehicles, cold recyclers, asphalt material production equipment (mixing, emulsification, modification, drum unpacking), liquid asphalt transport vehicles, and gravel/powder spreading equipment. The company also operates road asset lifecycle management services, smart city/facility O&M, and hazardous waste/solid waste recycling. Customers include government highway bureaus, road construction contractors, and international infrastructure projects across 63+ countries.

Product overview

达刚控股集团股份有限公司是一家综合型科技集团公司，下辖达刚科技、达刚筑机、众德环保等全资或控股子公司，形成了“高端路面装备研制、城市道路运维管理、危废固废综合回收利用”三大业务板块。 公司产品体系以沥青路面筑养护机械为核心，主要包括： - 路面养护设备系列（井盖修复综合养护车、冷再生机、多功能路肩摊铺机、粉料撒布车、沥青路面养护车、洒布摊铺一体机） - 沥青洒布车系列（乳化沥青洒布车、智能型沥青洒布车、智能型橡胶沥青洒布车） - 碎石同步封层车系列（DGL5310TFC-T456、DGL5310TFC-T426、DGL5250TFC-T386、DGL5251TFC-T386等型号） - 微表处/稀浆封层车 - 沥青材料生产设备（沥青混合料搅拌设备、沥青乳化设备、沥青改性设备、导热油沥青脱桶设备） - 液态沥青运输车系列（半挂式、整车式） - 碎石洒布设备系列 配套智慧服务包括e·智管理系统（设备远程监控与工程项目管理）和与腾讯云联合开发的“微达”智慧管理平台（面向城市、高速公路及园区的数字化运维管理）。 公司于2010年8月在深圳证券交易所创业板上市（股票代码300103），是陕西省第一批认定的高新技术企业，拥有超300项国家授权专利。

Differentiator

Problem solved

Functional benefit

Brands

• 达刚智维: 道路设施智慧运维服务品牌，提供公共设施全生命周期智慧运维管理服务
• 达刚环境
• 达刚筑机
• 达刚e智管理系统

Products and services

• Intelligent Asphalt Sprayer (智能型沥青洒布车) Computer-controlled automated asphalt spraying system that precisely sprays heavy asphalt, modified asphalt, emulsified asphalt, and modified emulsified asphalt, with dynamic speed-responsive spray control. Designed for government road management bureaus and road construction companies.
• DGL5310TFC-T456 Asphalt Gravel Synchronous Seal Coat Vehicle (沥青碎石同步封层车)

Quantifiable outcome

• Domestic market share in intelligent asphalt sprayers exceeds 60%
• +3 more outcomes

Named customers6 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

Integration1 record

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• 陕西建设机械股份有限公司 (Shaanxi Construction Machinery Co., Ltd.)coreStrategic or Co-development Partner · 3 March 2025Signed cooperation agreement for emulsified asphalt synchronous spray paving machine. The partnership combines 达刚's expertise in asphalt spraying technology with 陕建机's expertise in asphalt mixing and paving. Both parties will leverage their decades of technology innovation and construction application experience to jointly develop and promote the integrated equipment.
• 腾讯云计算（北京）有限责任公司 (Tencent Cloud Computing Beijing Co., Ltd.)coreTechnology or Integration · 28 April 2022Product cooperation agreement based on Tencent's '城图CityBase' digital platform. Partnership aims to create a 'smart management platform - 微达' for smart city management, leveraging 达刚's expertise in high-end road equipment, resource recycling, and public facility smart operation in combination with Tencent's digital infrastructure capabilities.
• 北京东方雨虹防水技术股份有限公司 (Beijing Oriental Yuhong Waterproof Technology Co., Ltd.)coreStrategic or Co-development Partner · 21 December 2021Strategic cooperation including: 1) Joint development of waterproof construction equipment combining 达刚's R&D team with 东方雨虹's mature technology requirements; 2) Collaborative procurement of raw materials like asphalt and non-woven fabrics; 3) Joint expansion of public facility lifecycle smart operation and maintenance services.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Astec Industries: US-listed manufacturer of asphalt plants, road building equipment, and material handling systems; competes with Dagang in asphalt production equipment and road maintenance machinery segments.
• Wirtgen Group (John Deere): Germany-based global leader in road construction and milling equipment (now part of John Deere); closely overlaps with Dagang in cold recyclers, slurry/micro-surfacing machines, and asphalt paving equipment across international markets.
• VSS Macropaver (LeeBoy / VT LeeBoy): Specialist manufacturer of asphalt pavers, sealcoat/slurry seal machines, and road maintenance equipment; a direct US-based competitor in the same equipment categories Dagang leads.

Emerging players

• Bergkamp Inc. Focused niche player in pavement maintenance equipment (slurry seal, micro-surfacing, crack sealing), overlapping Dagang's slurry seal and micro-surfacing product lines.

Broad incumbents

• XCMG: Major Chinese construction machinery group with road construction and pavement maintenance equipment lines, competing directly with Dagang in both domestic government tenders and overseas projects.
• SANY Heavy Industry: China's largest construction machinery manufacturer, with a broad road construction equipment portfolio; competes head-to-head with Dagang in the Chinese market and increasingly in BRI export markets.
• Caterpillar (Cat Paving Products): Global construction equipment major with a dedicated road-building and paving machinery portfolio; competes with Dagang at the high end of municipal and highway buyers.
• Zoomlion: Chinese heavy equipment manufacturer covering paving, road maintenance, and environmental sanitation machinery, overlapping meaningfully with Dagang's product and customer set.

Peers

• Ammann Group: Swiss-based manufacturer of asphalt plants and road construction equipment; directly comparable to Dagang's asphalt mix plants, sprayers, and paving machinery lines globally.

Regional players

• CIMC Tianda (China International Marine Containers): Adjacent major Chinese manufacturer of specialty vehicles including liquid asphalt tankers and road construction-related transport vehicles, partially overlapping Dagang's liquid asphalt transport truck line.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries9 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 Dagang Holding Group