Sinomach Heavy Equipment Group Co Ltd. Stock Analysis 601399.SS

SINOMACH Heavy Equipment Group Co., Ltd. engages in designs, manufactures, installations of machinery, heavy equipment metal products and forged steel products. The company is headquartered in Deyang, Sichuan and currently employs 7,567 full-time employees. The company went IPO on 2020-06-08. The firm operates four businesses. The research, development and manufacturing of mechanical equipment business is engaged in the research, development and production of large scale metallurgical complete equipment, clean energy equipment and large scale casting and forging mechanical equipment. The project general contracting business involves a range of industries, including domestic and foreign metallurgy, mining, ports, transportation infrastructure, as well as power transmission and transformation projects. The trade and service business provides engineering contracting related services, including bidding agency and engineering supervision. The electricity sales business is conducted by the Company’s subsidiary to operate hydroelectric power station in Cambodia.