Lonking Holdings Limited.
Lonking Holdings Limited is a Hong Kong-listed Chinese construction machinery manufacturer producing wheel loaders, excavators, forklifts, road rollers, and skid steer loaders, distributed through 500+ dealers in China and export subsidiaries internationally.
- Company typePublic
- Founded1993
- HeadquartersShanghai, China
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Lonking Holdings Limited. does
Lonking Holdings Limited (中国龙工控股有限公司) is a Hong Kong-listed Chinese construction machinery manufacturer founded in 1993 by Li Xinyan (李新炎) in Longyan, Fujian. The company designs, manufactures, and distributes heavy equipment including wheel loaders, excavators, forklifts, road rollers, and skid steer loaders, with a portfolio of over 1,000 product models produced across three manufacturing bases in Fujian, Shanghai, and Jiangxi under 19 wholly-owned subsidiaries. The company has maintained a position in the Global Top 50 Construction Machinery Companies since 2008 and has been listed on HKEX under stock code 03339 since 2005.
The company's technical capabilities rest on vertical integration into core powertrain components, including proprietary transmissions, drive axles, and high-end hydraulic pump valves for excavators that historically were imported into China. More recently, Lonking has moved into electrification through a flagship partnership with CATL (Contemporary Amperex Technology, 宁德时代), launching electric wheel loaders (LG856H-E and LG866H-E) equipped with long-life LFP battery systems in 2024. Its "Lonking Intelligent Management System" provides IoT-based remote equipment monitoring, and the company holds ISO9001:2015, CE, FOPS/ROPS, GOST, and Chinese military (GJB9001C-2017) certifications.
Lonking generates revenue primarily through hardware sales of construction machinery, complemented by a financial leasing subsidiary (Lonking Shanghai Financial Leasing) that offers equipment financing with approximately 20% down payment and multi-year terms, and by parts and components sales to other OEMs. Distribution runs through an authorized dealer network of more than 500 agents across China implementing a "four-in-one" service model (sales, repair, parts, financing), alongside a dedicated export subsidiary (Lonking Fujian International Trade) for international markets. Customer end-segments span construction and infrastructure, mining and quarrying, and logistics and warehousing.
Lonking Holdings Limited. firmographics
Firmographics- Name
- Lonking Holdings Limited.
- Legal name
- 中国龙工控股有限公司
- Website
- https://lonking.cn
- Company type
- Public
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Lonking Holdings Limited is a Hong Kong-listed Chinese construction machinery manufacturer producing wheel loaders, excavators, forklifts, road rollers, and skid steer loaders, distributed through 500+ dealers in China and export subsidiaries internationally.
- Ownership category
- akta.pro rank
Lonking Holdings Limited. industry classification
Industry- Product category
- Construction Machinery
- NAICS
- Construction Machinery Manufacturing (333120), Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing (333924)
- SIC
- Construction, Mining & Materials Handling Machinery & Equip (3530), Construction Machinery & Equip (3531), Industrial Trucks, Tractors, Trailors & Stackers (3537)
- akta.pro primary industry
- Wheel Loaders (IMAHAAAD)
- akta.pro secondary industries
- Material Handling & Industrial Lift Vehicle Manufacturing (Forklifts/Telehandlers/Reach Stackers) (IMACAFAD), Off-Highway Vehicle Cabs, Frames & Attachments Manufacturing (Cabs/Booms/Buckets/Implements) (IMACAFAL)
Keywords
Where Lonking Holdings Limited. is headquartered
LocationHeadquarters
- HQ city
- Shanghai
- HQ country
- China
- HQ region
- Asia
Offices8 records
Markets served
Lonking Holdings Limited. business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Construction Machinery Manufacturing and Sales: Lonking generates primary revenue from manufacturing and selling construction machinery including wheel loaders, excavators, forklifts, road rollers, and skid steer loaders. Products are sold through a network of authorized dealers across China and internationally.
- Financial Leasing Services: Lonking operates a financial leasing subsidiary that enables customers to obtain construction machinery usage rights with lower upfront capital requirements. The company offers financing solutions as part of its revenue stream and customer value proposition.
- Parts and Components Sales: Core components including bridge boxes and hydraulic parts are sold both internally to Lonking's own manufacturing subsidiaries and externally to other equipment manufacturers as OE suppliers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Multi-year contract | Financial Leasing |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Lonking Holdings Limited. product offering
Product offeringCore offering
Lonking designs, manufactures, and sells construction machinery including wheel loaders, excavators, forklifts, road rollers, and skid steer loaders. The company offers over 1,000 models across five main product lines, manufactured at three production bases in Shanghai, Fujian, and Jiangxi, and distributed through 500+ authorized dealers across China and via an international trade subsidiary.
Product overview
Lonking Holdings Limited is a leading construction machinery manufacturer offering a comprehensive portfolio of heavy equipment. The product portfolio consists of five main product lines: (1) Wheel Loaders in 30/50 series fuel variants and electric models, ranging from 3-ton to 5-ton capacity with various bucket configurations; (2) Excavators including the Efficiency King PRO series and Surpasser series with medium to large crawler excavators; (3) Forklifts encompassing internal combustion, electric, warehouse, and specialized variants; (4) Road Rollers including mechanical and full hydraulic drive configurations; (5) Skid Steer Loaders for compact applications. The company operates as a unified platform with manufacturing facilities in Shanghai, Fujian, and Jiangxi bases, offering over 1,000 different models. The portfolio also includes parts/accessories through dedicated service centers and financial services for equipment financing. Recent strategic partnerships with CATL (宁德时代) have enabled the development of electric wheel loader products with advanced battery technology.
Differentiator
Problem solved
Functional benefit
Products and services
- Wheel Loaders
Quantifiable outcome
- Wheel loader market share ranked #1 in China for multiple consecutive years
- +5 more outcomes
Companies that use Lonking Holdings Limited.
Customer profileSegments3 records
Ideal customer profiles3 records
Lonking Holdings Limited. technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Lonking Holdings Limited. partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered flagship and core.
- 宁德时代 (CATL / Contemporary Amperex Technology)flagshipFollowing the strategic agreement, Lonking and CATL jointly launched the world's first electric loader with long-life battery technology. The new battery system features 60%+ longer life, 30%+ higher energy density, and 1.5x mechanical strength. This represents the second major product launch under the strategic partnership.
- 宁德时代 (CATL / Contemporary Amperex Technology)flagshipIn February 2024, Lonking and CATL signed a strategic cooperation agreement for joint development of electric construction machinery. CATL provides its latest lithium battery technology for Lonking's electric wheel loader products (LG856H-E, LG866H-E). The partnership covers new battery product development, technology projects, market promotion, and after-sales service across all product lines, full value chain, and global markets. Lonking electric loaders will carry the '宁德时代INSIDE' branding.
- 山东重工集团 (Shandong Heavy Industry Group)coreShandong Heavy Industry Group and Lonking signed a comprehensive deepening strategic cooperation agreement. The partnership involves deeper collaboration across multiple areas on the principle of 'complementary advantages and open transparency'. Shandong Heavy Industry Group has been a key supporter of Lonking for over 20 years.
- 潍柴动力 (Weichai Power)coreWeichai Power and Lonking have maintained close partnership for over 20 years. Weichai provides engines for Lonking's construction machinery products. The comprehensive deepening strategic cooperation aims to further strengthen collaboration in technology, products, and global market development.
Scale indicators8 records
Recent moves7 records
Expansion highlights3 records
Lonking Holdings Limited. competitors and assessment
Company assessmentDirect peers
- Sany Heavy Industry: Largest Chinese construction machinery manufacturer offering wheel loaders, excavators, forklifts, cranes, and concrete machinery. Direct head-to-head competitor in China and increasingly in export markets, competing on similar price-performance positioning.
- XCMG Group: Top-3 Chinese construction machinery OEM with broad portfolio including wheel loaders, excavators, cranes, and road machinery. Closest direct competitor to Lonking in wheel loaders and forklifts in China.
- Liugong Group: Chinese construction machinery OEM with comparable wheel loader, excavator, and loader-attachment product lines. Direct competitor in domestic China and Southeast Asian export markets.
- Zoomlion Heavy Industry: Major Chinese construction machinery manufacturer with overlapping wheel loader, excavator, forklift, and crane offerings. Competes with Lonking across multiple product lines domestically and in emerging markets.
- Anhui Heli (H forklift): China's largest forklift manufacturer and a top domestic competitor to Lonking's forklift business. Closest direct peer on forklift product lines and warehouse equipment segment.
Emerging players
- Doosan Bobcat: Specialist in skid steer loaders, compact track loaders, and small-wheel loaders. Directly comparable to Lonking's skid steer and compact loader lines; competes primarily in North America and Europe.
Broad incumbents
- JCB: British construction equipment manufacturer with strong telehandler, backhoe loader, and skid steer portfolios. Competes with Lonking in select international markets and on compact/versatile product positioning.
- Caterpillar: Global leader in construction machinery with extensive wheel loader, excavator, and material handling lines. Competes with Lonking in higher-end segments and increasingly in emerging markets; established dealer/service standard Lonking benchmarks against.
- Komatsu: Global construction and mining equipment leader with strong wheel loader, excavator, and forklift offerings. Competes with Lonking internationally and through premium positioning in China.
- Volvo Construction Equipment: Premium global OEM in wheel loaders, excavators, and haulers with strong European market presence. Competes with Lonking in higher-end wheel loader segments and on international worksites.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Lonking Holdings Limited. social profiles
Digital presenceLonking Holdings Limited. compliance and trust
Trust signalCompliance6 records
Lonking Holdings Limited. financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lonking Holdings Limited. leadership team
Management profileNumber of profiles
Profiles8 records
Lonking Holdings Limited. subsidiaries and ownership
Company hierarchySubsidiaries13 records
Lonking Holdings Limited. funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lonking Holdings Limited. M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lonking Holdings Limited.
What does Lonking Holdings Limited. do?
Lonking designs, manufactures, and sells construction machinery including wheel loaders, excavators, forklifts, road rollers, and skid steer loaders. The company offers over 1,000 models across five main product lines, manufactured at three production bases in Shanghai, Fujian, and Jiangxi, and distributed through 500+ authorized dealers across China and via an international trade subsidiary.
Is Lonking Holdings Limited. a public or private company?
Lonking Holdings Limited. is a public company. It is classified as public and is currently operating.
When was Lonking Holdings Limited. founded?
Lonking Holdings Limited. was founded in 1993. It employs 51 to 100 people.
Where is Lonking Holdings Limited. based?
Lonking Holdings Limited. is headquartered in Shanghai, China, in the Asia region.
How does Lonking Holdings Limited. make money?
Three revenue lines are on record. Construction Machinery Manufacturing and Sales are the primary driver. The others are financial Leasing Services and parts and Components Sales.
Who are Lonking Holdings Limited.'s main competitors?
Direct peers on record are Sany Heavy Industry, XCMG Group, Liugong Group, Zoomlion Heavy Industry and Anhui Heli (H forklift). Doosan Bobcat is listed as an emerging player. Broad incumbents are JCB, Caterpillar, Komatsu and Volvo Construction Equipment.
Does Lonking Holdings Limited. have an API?
No public API is recorded for Lonking Holdings Limited..
What industry is Lonking Holdings Limited. in?
Lonking Holdings Limited.'s product category is Construction Machinery. Its primary akta.pro industry code is IMAHAAAD, Wheel Loaders, with a secondary code of IMACAFAD, Material Handling & Industrial Lift Vehicle Manufacturing (Forklifts/Telehandlers/Reach Stackers). Its NAICS code is 333120 and its SIC code is 3530.