Longgong Holdings Co., Ltd. is a large-scale construction machinery manufacturer founded in 1993 in Longyan, Fujian, by Mr. Li Xinyan, a deputy to the 11th and 12th National People's Congress, a national model worker, and an outstanding builder of socialism with Chinese characteristics; led the Chinese construction machinery industry to be listed on the main board of the Hong Kong Stock Exchange in 2005 (stock code: HK03339); ranked among the top 50 global construction machinery companies.
Adhering to the corporate governance policy of “relying on talents, focusing on management; improving quality, creating a famous brand; gaining the trust of the world and becoming a leader”, the company has achieved rapid and steady development since its establishment. The company's products cover four major categories, including loaders, excavators, forklifts and pavement machinery, with more than 500 models. Among them, Longgong loaders, excavators, forklifts, and road rollers have increased their market share year by year due to their high quality and cost-effective advantages, and are favored by users; they independently develop and manufacture core components such as mechanical transmission parts and hydraulic components with core competitiveness, and are supporting the construction of large-scale modern precision casting and forging parts production bases. Among them, high-end hydraulic pumps and valves supporting excavators have changed the situation where such basic parts in China have depended on imports for a long time.
The company has always adhered to the “one major principle” of the “sales agency system”, continuously strengthened the “three advantages” of “quality, service and cost performance”, built a global marketing service network for Longgong products, and implemented a “four-in-one” sales service mechanism for complete machine sales, maintenance services, spare parts supply and financial leasing in more than 1,000 primary and secondary key distribution agencies, comprehensively implementing the full entrustment system for after-sales service, which fundamentally guarantees the refinement of sales channels and the improvement of after-sales service and rapid response. Establishing a sales management mechanism that “returns to reality, freely accepts and releases”, and continuously improves the risk management and control system to ensure the steady development of the enterprise.
The company has 19 wholly-owned subsidiaries in four major bases in Fujian, Shanghai, Jiangxi and Henan. Production and manufacturing use advanced equipment from peers around the world; all manufacturing processes are lean management in accordance with the “Operation Guide”; the quality management system has successively passed ISO 9001:2000, ISO 9001:2008, and the national military standard GJB9001-2001A.
On the basis of comprehensively summarizing the successful experience of leapfrogging development in the past, the board of directors of the Group stood at the height of the times and at the forefront of the international market, formulated a development outline for Longgong's “two-round entrepreneurship”, fully implemented the “international positioning and leapfrogging development” strategy, and clarified the direction for building an international first-class enterprise and building a “century-old Longgong”.
CEO： Xinyan Li
Market： Hong Kong motherboard
Listing Date： 11/17/2005