What HORIZON CONSTRUCTION DEVELOPMENT does

HORIZON CONSTRUCTION DEVELOPMENT (CDHORIZON, 宏信建发) is China's largest integrated equipment operation service provider, headquartered in Tianjin with major operating bases in Shanghai Jiading, Shanghai Jinshan, Tianjin Wuqing, and Guangzhou Nansha. Founded in 2011 as Shanghai Horizon Equipment & Engineering Co., Ltd. following the 2014 merger of Horizon Equipment and Hongjin Equipment, the company went public on the Main Board of the Hong Kong Stock Exchange (stock code 09930.HK) on May 25, 2023. It is majority-owned by Hong Kong-listed conglomerate Far East Horizon Limited (03360.HK), which provides the financing backbone for an asset-heavy rental fleet of more than 100,000 aerial work platforms and related construction equipment.

The company operates across five core product lines — aerial work platforms (boom, scissor, articulated, spider lifts, mast lifts, glass suction trucks), other general equipment (cranes, excavators, forklifts, generators, road construction machinery), neo-shoring systems (Larson piles, H-beam, steel supports, Bailey bridges), neo-scaffolding systems (modular formwork and access components), and road construction equipment (pavers, rollers, milling machines) — and serves eight industry verticals including housing construction, infrastructure, shipbuilding, petrochemicals, mining, energy/power, sports/entertainment, and municipal sanitation. Equipment is sourced from leading OEMs including Genie, JLG, Dingli, XCMG, Zoomlion, and LGMG under strategic supply partnerships. Underpinning the rental operation is the proprietary EIM (Equipment Intelligent Management) system, launched in 2017, which provides IoT-based GPS tracking, intelligent scheduling, predictive fault diagnosis, electronic geofencing, and full-lifecycle asset management.

Revenue is generated through three primary streams: recurring equipment rental (aerial work platforms, shoring, scaffolding, road construction equipment) bundled with engineering and technical services; one-stop industrial solutions combining product rental with project design and construction services; and secondary-market used equipment and scrap asset sales through the dedicated hcd-horizon.com platform. Pricing is quote-based, typically structured around monthly or annual contracts depending on equipment type and project terms. Distribution is overwhelmingly direct — the company runs 560+ service locations across 220+ Chinese cities and 77 overseas locations across Malaysia, Indonesia, Vietnam, Thailand, UAE, Saudi Arabia, and Turkey — supplemented by channel partnerships with OEMs and IPAF-certified safety training. Customer reach exceeds 400,000 cumulative accounts, including flagship enterprise relationships with China State Construction, China Construction 8th Division, and major infrastructure projects such as Beijing Daxing International Airport, Hong Kong-Zhuhai-Macao Bridge, and overseas data center and energy projects.

Name

HORIZON CONSTRUCTION DEVELOPMENT

Legal name

上海宏信建设发展有限公司

Website

https://hongxinjianfa.com

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

CDHORIZON (09930.HK) is China's largest integrated equipment operation service provider, renting aerial work platforms, scaffolding, shoring, and general construction equipment to construction and industrial clients across 220+ Chinese cities and 7 overseas markets, backed by a proprietary IoT-based EIM fleet management system.

Ownership category

akta.pro rank

Product category

Construction Equipment Rental

NAICS

Heavy and Civil Engineering Construction (237), Other Heavy and Civil Engineering Construction (237990)

SIC

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

akta.pro primary industry

Site Services & Temporary Infrastructure Rental/Leasing (Portable Toilets, Fencing, Storage Containers) (TLABAFAH)

akta.pro secondary industries

Roadbuilding & Paving Equipment Rental/Leasing (TLABAFAB), Concrete & Masonry Equipment Rental/Leasing (TLABAFAC), Surface Preparation & Compaction Equipment Rental/Leasing (Compactors, Rollers, Grinders) (TLABAFAJ)

Keywords

• Construction equipment rental
• Aerial work platforms
• Scaffolding systems
• Formwork solutions
• Equipment lifecycle management

Headquarters

HQ city

HONG KONG, HongKong

HQ country

China

HQ region

Asia

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Equipment Rental: Rental of aerial work platforms, general equipment, new shoring systems, new scaffolding systems, and road construction equipment with配套 engineering and technical services
2. Equipment Sales: Sales of used equipment (aerial work platforms, other used equipment, used materials) and scrapped assets through hcd-horizon.com platform
3. Engineering and Technical Services: One-stop integrated solutions combining products and services for construction and industrial clients, including project design, material rental, and engineering construction

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

HORIZON CONSTRUCTION DEVELOPMENT provides comprehensive equipment rental and related engineering/technical services to construction and industrial clients across China and overseas. The offering spans five product categories—aerial work platforms, other general equipment, neo-shoring systems, neo-scaffolding systems, and road construction equipment—complemented by used/scrap equipment sales, sector-specific industrial solutions across eight verticals, and IPAF-certified safety and training services.

Product overview

HORIZON CONSTRUCTION DEVELOPMENT (CDHORIZON, 宏信建发) operates as a comprehensive equipment operation service provider with five interconnected product and service lines: (1) Aerial Work Platforms (高空作业平台) — boom lifts, scissor lifts, articulated booms, spider lifts, glass suction trucks, and related equipment from brands including Genie, JLG, Dingli, XCMG, Zoomlion, and LGMG; (2) Other General Equipment (其他通用设备) — cranes, excavators, pile drivers, forklifts, generators, transformers, sweepers, garbage trucks, and specialized vehicles; (3) Neo-Shoring System (新型支护系统) — excavation support and bridge systems including Larson piles, H-beam, PLC/HLC method piles, steel/HC/structural supports, Bailey panels, and bridge components; (4) Neo-Scaffolding System (新型模架系统) — modular scaffolding components including uprights, horizontal bars, adjustable bases/seats, diagonal braces, trusses, steel stairs, clamps, galvanized pipes, and aluminum beams; (5) Road Construction (道路工程) — pavers, rollers, and milling machines from Vogele, Shaanxi Construction, Volvo, Wirtgen, Dynapac, and Hamm. These five product lines are coordinated and connected to serve the pre- and post-construction phases of building projects, supplemented by Equipment Sales (used and scrap), Industrial Solutions across 8 sectors, and Safety & Training services including IPAF-certified training. The company also operates the proprietary EIM intelligent equipment management platform for fleet lifecycle management.

Differentiator

Problem solved

Functional benefit

Brands

• HCD Horizon: Equipment sales platform for second-hand equipment,依托卓越的行业资源，坚守二手设备的严苛质量标准 (Equipment sales platform relying on excellent industry resources, adhering to strict quality standards for second-hand equipment)

Products and services

• Aerial Work Platforms (高空作业平台) Rental fleet including boom lifts, scissor lifts, articulated boom lifts, spider lifts, glass suction cup trucks, track aerial work vehicles, micro spider cranes, forklift trucks, and mast lifts from brands such as Genie, JLG, Dingli, XCMG, Zoomlion, and LGMG. Targeted at construction and industrial clients requiring elevated work access.
• Other General Equipment (其他通用设备) Rental of general construction/industrial equipment including truck-mounted aerial trucks, truck cranes, crawler cranes, pile drivers, mining excavators, wheel loaders, excavators, aerial glass installation robots, aerial cleaning vehicles, forklifts, generators, transformers, air compressors, road rollers, sweepers, washing vehicles, and garbage trucks for construction and industrial users.
• Neo-Shoring System (新型支护系统) Temporary earth retention and support system rental for foundation pits and bridges, including Larson sheet piles, H-beam, PLC/HLC method piles, steel pipe supports, steel section supports, HC supports, channel supports, Bailey panels, bridge deck panels, railings, bearing beams, distribution beams, reinforced chord members, and diagonal bracing. Integrated design-to-construction solutions.
• Neo-Scaffolding System (新型模架系统) Modular formwork and scaffolding system rental including uprights, horizontal bars, adjustable bases/cap seats, hook steel treads, diagonal braces, kick plates, steel stairs, beam supports, trusses, cantilevered scaffolding, clamps, galvanized steel pipes, galvanized square steel, L150/L185 aluminum beams, and column clamps for construction projects.
• Road Construction Equipment (道路工程) Rental of road paving, compaction, and milling equipment including pavers from Vogele, Shaanxi Construction, and Volvo; rollers from Dynapac and Hamm; and milling machines from Wirtgen and Changgong for road construction clients.
• Equipment Sales - Used & Scrap (设备销售) Secondary market for equipment disposition including used aerial work platforms, other used equipment, used materials, and scrapped assets through the HCD-Horizon subsidiary website. Available to SMB and individual buyers.
• Industrial Solutions (产业解决方案) Sector-specific integrated equipment and service solutions covering eight industries: housing construction, infrastructure, shipbuilding and ocean engineering, petrochemicals, mining construction, energy and power, sports and entertainment, and municipal sanitation. Delivers 'product + service' one-stop comprehensive solutions for construction and industrial clients.
• Safety and Training Services (安全与培训) IPAF-certified safety management and training services for aerial work platform operations, including equipment operation certification, safety assurance programs, and HSE management systems. Authorized IPAF Training Center (No. 1257).

Quantifiable outcome

• Annual carbon emission reduction of 500,000 tons through green construction technologies
• +4 more outcomes

Named customers15 records

Segments8 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature4 records

Partnerships

Six partnerships are on record, tiered strategic and core.

• Shanghai Jiao Tong University China-US Logistics Research InstitutestrategicStrategic or Co-development Partner · 21 December 2023Comprehensive cooperation agreement for research and talent development. Partnership focuses on academic research collaboration and talent cultivation in logistics and equipment management fields.
• XCMG (徐工集团)coreStrategic or Co-development Partner · 3 February 2023Strategic cooperation agreement for aerial work vehicles supply and market development. XCMG is a major equipment supplier providing construction machinery including aerial work platforms. CDHORIZON maintains long-term strategic partnership with XCMG for equipment procurement and joint market expansion.
• Zoomlion (中联重科)coreStrategic or Co-development Partner · 3 February 2023Strategic cooperation agreement for aerial work vehicles. Zoomlion is a leading construction machinery manufacturer supplying aerial work platforms and other equipment to CDHORIZON.
• LGMG (临工重机)coreStrategic or Co-development Partner · 3 February 2023Strategic cooperation agreement for aerial work vehicles. LGMG is a major manufacturer of aerial work machinery and mining equipment.
• Zhejiang Dingli (浙江鼎力)coreStrategic or Co-development Partner · 5 December 2022Strategic cooperation agreement for aerial work platform supply and services. Zhejiang Dingli is one of top 3 global aerial work platform manufacturers. Holds significant share of CDHORIZON's 100,000+ aerial equipment fleet. Partnership involves equipment supply, new product development, and overseas market expansion.
• IPAF (International Powered Access Federation)strategicStrategic or Co-development PartnerCDHORIZON authorized as IPAF Training Center (No. 1257) for aerial work platform training. IPAF is the global association for powered access industry, providing training standards and certification recognized worldwide.

Scale indicators11 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• Herc Holdings: North American equipment rental specialist offering aerial platforms, earthmoving, and industrial equipment to construction and industrial customers. Comparable fleet composition and project-driven customer mix.
• United Rentals: Largest equipment rental company in the world, offering aerial work platforms, earthmoving, material handling, and specialty rental across North America. Closest direct comparable to CDHORIZON given its broad construction equipment rental fleet and end-market exposure.
• H&E Equipment Services: US-based equipment rental and sales company with a strong aerial work platform, earthmoving, and crane rental footprint serving construction and industrial clients. Closely aligned customer and product mix to CDHORIZON.
• Ashtead Group / Sunbelt Rentals: Second-largest equipment rental company globally (LSE-listed), operating the Sunbelt Rentals network across the US, UK and Canada with a broad aerial and general equipment fleet. Directly comparable business model and customer base to CDHORIZON.
• Ahern Rentals: Privately held, family-owned US equipment rental company with a large fleet of aerial work platforms, earthmoving, and material handling equipment. Directly comparable in fleet mix and contractor-focused customer base.
• Riwal: European aerial work platform rental specialist operating in multiple countries with a focused AWP fleet. Closely aligned with CDHORIZON's flagship AWP business and aerial-only strategic positioning.

Broad incumbents

• Loxam: Leading European equipment rental group with aerial platforms, scaffolding, and tools across multiple geographies. Comparable in aerial work platform and scaffolding offering to CDHORIZON's five product lines.
• Boels Rental: One of Europe's largest equipment rental providers, offering aerial platforms, power, and site solutions across multiple countries. Comparable in scale and rental-only model, though more mature and saturated European footprint.
• BrandSafway: Global access and scaffolding services provider serving industrial and construction customers worldwide. Directly comparable to CDHORIZON's Neo-Shoring and Neo-Scaffolding Systems business with overlapping shoring/formwork competencies.

Others

• Zoomlion Heavy Industry Science & Technology: Leading Chinese construction machinery manufacturer and one of CDHORIZON's strategic shareholders/suppliers. Adjacent rather than direct peer — competes in the OEM space but has its own rental and used equipment business that overlaps with CDHORIZON.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/horizon-construction-overseas-hongkong-limited

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries8 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 HORIZON CONSTRUCTION DEVELOPMENT