Mission Statement, Vision, & Core Values (2026) of Taiyuan Heavy Industry Co., Ltd.

Taiyuan Heavy Industry Co., Ltd., founded in 1950 and headquartered in Taiyuan, Shanxi, stands as one of China's heavyweight manufacturers-reporting approximately ¥16.5 billion in revenues in 2023 and directing roughly 5% of annual sales into R&D to stay at the forefront of cranes, train wheels, mining equipment, wind turbines and coal chemical solutions; driven by a mission to lead through innovation and quality (customer satisfaction at 92% in 2023 and an 85% recommendation rate), TYHI pairs an ambitious 8% CAGR target for 2024-2026 with sustainability goals to cut carbon emissions by 20% versus 2020 and a planned ¥1.2 billion investment in green technologies by 2025, while accelerating global expansion with a target of boosting international sales by 15% annually and cementing strategic partnerships such as the June 2025 cooperation signing with Cummins in Beijing to fuel its vision and core values of integrity, innovation, responsibility, collaboration and customer-centric continuous improvement.

Taiyuan Heavy Industry Co., Ltd. (600169.SS) - Intro

• Founded: 1950; Headquarters: Taiyuan, Shanxi Province.
• Core products: cranes, train wheels, mining equipment, wind turbines, coal chemical equipment.
• Market position: One of China's largest heavy machinery manufacturers, competing with CITIC Heavy Industries and China First Heavy Industries.

• Deliver high-reliability heavy equipment that drives industrial modernization and national infrastructure development.
• Commit to customer-centered engineering solutions that improve safety, uptime, and total cost of ownership.
• Invest in advanced manufacturing and localized supply chains to support domestic and international projects.

• Be a globally respected heavy machinery innovator enabling low-carbon industrial transformation.
• Expand global market share through strategic partnerships, technology exports, and service networks.
• Transform product lines toward electrification and digitalization to meet future infrastructure needs.

• Integrity - transparent governance and compliance with industry standards.
• Innovation - sustained R&D investment (~5% of annual revenue) to drive product differentiation.
• Quality - rigorous testing and lifecycle support to ensure equipment reliability in heavy industries.
• Sustainability - measurable carbon reduction targets and cleaner production processes.
• Partnership - collaborative development with global technology leaders and customers.

• Product modernization: electrified cranes, wind-turbine components, upgraded mining fleets.
• Global partnerships: deepen technology collaboration and aftermarket services (e.g., Cummins partnership, June 2025).
• Sustainability and compliance: emissions controls, energy-efficiency upgrades across plants targeting the 20% reduction goal.
• Service and digitalization: predictive maintenance, remote diagnostics, and total-solution contracting to boost lifetime margins.

• Revenue growth vs. 8% projected CAGR (2024-2026).
• R&D spend adherence (~5% of revenue) and resulting patent/product pipelines.
• Progress toward 20% carbon reduction vs. 2020 baseline.
• Order backlog composition: domestic infrastructure vs. export markets and aftermarket services.

Taiyuan Heavy Industry Co., Ltd. (600169.SS) - Overview

• Innovation-driven leadership: committing approximately 5% of annual revenue to research and development to accelerate product and process advancement.
• Quality and compliance: adherence to international quality standards and continuous quality assurance to sustain high product reliability.
• Customer satisfaction: targeted and achieved high satisfaction metrics in recent reporting cycles.
• Environmental responsibility: concrete carbon-reduction targets tied to a near-term timeline.
• Global expansion: explicit growth targets for international sales to diversify revenue and capture new markets.
• Continuous improvement: cultural and operational programs to raise efficiency and technical capability across the organization.

• R&D and product strategy: investment at roughly 5% of revenue funds development of heavy equipment, metallurgy and precision manufacturing capabilities to meet stricter global standards and drive product differentiation.
• Quality and customer metrics: achieving a 92% satisfaction rate in 2023 and an 85% recommend rate underscores customer loyalty and supports aftermarket and repeat sales strategies.
• Sustainability actions: the 20% carbon-reduction target (baseline 2020) has guided energy-efficiency upgrades, process optimization and emissions monitoring initiatives.
• International expansion: plans to grow international sales by about 15% annually over the next three years are supported by targeted market entry, export channels, and localized service networks.
• Cultural commitments: continuous learning, certification programs and digitization efforts aim to raise operational effectiveness and shorten innovation cycles.

Taiyuan Heavy Industry Co., Ltd. (600169.SS) - Mission Statement

• Deliver industrial-scale machinery with industry-leading reliability and total cost of ownership.
• Invest in technology and digitalization to boost equipment efficiency and lifecycle performance.
• Embed sustainability across product design and factory operations to reduce emissions and energy use.
• Expand global footprint while maintaining high standards of local service and compliance.
• Foster a safety-first culture and continuous upskilling of the workforce.

• Target compound annual growth rate (CAGR) of 8% for 2024-2026.
• Reduce corporate carbon footprint by 20% versus 2020 levels by end of 2024.
• Invest ¥1.2 billion in green technologies by 2025 (renewable-energy machinery, energy-efficient manufacturing).
• Grow international sales revenue by 15% annually over the next three years.
• Reach a customer satisfaction score of 92% by 2024.

• Innovation - sustained R&D and application of advanced manufacturing technologies.
• Quality - rigorous standards across design, procurement and production.
• Responsibility - environmental stewardship and community engagement.
• Integrity - transparent governance and compliance with market regulations.
• Partnership - long-term client relationships and global dealer/service networks.

Taiyuan Heavy Industry Co., Ltd. (600169.SS) Vision Statement

• Integrity: transparency and ethical conduct across manufacturing, procurement, finance, and client relationships, supported by external audit compliance and strengthened internal controls.
• Innovation: sustained R&D investment to advance metallurgy, large-scale casting, and smart-manufacturing systems to improve product performance and reduce lifecycle costs.
• Responsibility: measurable environmental and social targets, including a commitment to reduce carbon emissions by 20% vs. 2020 levels by 2024 and incremental improvements in energy intensity.
• Collaboration: cross-functional and external partnerships to accelerate product development, modularization, and global after-sales service networks.
• Customer-centricity: systematic voice-of-customer programs and KPIs targeting a 92% customer satisfaction score by 2024.
• Continuous improvement: Lean manufacturing, digitalization, and skills development programs to raise uptime, yield, and delivery reliability.

• Green operations: energy-efficiency upgrades in foundries, electrification of key processes, and renewable power procurement to meet the 20% emissions reduction target.
• Smart manufacturing: roll-out of digital twins, predictive maintenance, and MES upgrades to reduce downtime and improve first-pass yield.
• R&D acceleration: focused projects on lightweight high-strength components, additive manufacturing trials, and modular product platforms to shorten time-to-market.
• Customer excellence program: tightened SLAs, expanded field service teams, and structured feedback loops to reach a 92% satisfaction score.
• Talent & culture: continuous learning curriculum, cross-functional rotations, and KPI-linked incentives reinforcing integrity, collaboration, and continuous improvement.