Lonking Holdings Limited.

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.

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

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

• Construction machinery
• Wheel loaders
• Hydraulic excavators
• Forklifts
• Road rollers

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core 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

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• 宁德时代 (CATL / Contemporary Amperex Technology)flagshipTechnology or Integration · 28 April 2024Following 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)flagshipTechnology or Integration · 27 February 2024In 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)coreStrategic or Co-development Partner · 15 December 2022Shandong 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)coreStrategic or Co-development Partner · 15 December 2022Weichai 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

Direct 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

• LinkedInlinkedin.com/company/lonking-holdings-limited.

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Lonking Holdings Limited.