CITIC Heavy Industries Co Ltd. Stock Analysis 601608.SS

CITIC Heavy Industries Co., Ltd. engages in the research, development, manufacture, and sales of heavy machinery. The company is headquartered in Luoyang, Henan and currently employs 7,246 full-time employees. The company went IPO on 2012-07-06. The firm operates through four segments. The Mining and Heavy Equipment segment manufactures and sells mainframe products and provides general engineering contracting. The Robotics and Intelligent Equipment segment manufactures and sells robots and other equipment for smart mining. The New Energy Equipment segment engages in offshore wind power and steel structure operations, as well as sales of new energy equipment such as steam turbine generator sets, energy storage batteries, and power batteries. The Specialty Materials segment manufactures and sells castings and forgings, wear-resistant materials, and specialized products. The firm operates in the domestic and overseas markets.