Inner Mongolia North Heavy Truck Co., Ltd. (600262)

Inner Mongolia North Heavy Truck Co., Ltd. (600262)

Inner Mongolia North Heavy Truck Co., Ltd. (North stock) is an enterprise specialized in R & D, production and sales of off highway mining vehicles and their parts in China. The company was established by Sino foreign joint venture in 1988 and is now a listed company under China ordnance industry group. Beifang Co., Ltd. has the only national engineering research center in the field of mining vehicles in China. It is the chairman unit of engineering transportation machinery branch of China Construction Machinery Industry Association and mining vehicle branch of China Automotive Engineering Society. It is the leading compilation unit of national standards for mining vehicles, the first batch of 54 single champion demonstration enterprises in China's manufacturing industry, and the contractor of industrial strong base engineering in 2019, From 2013 to 2020, it has been selected as "top 50 global construction machinery manufacturers" for 8 consecutive years.

The company has an annual production capacity of 1000 mining trucks. It has tr series 25-91 ton mechanical drive mining vehicle (including mine sprinkler), NTE series 110-400 ton electric wheel mining vehicle.

At present, northern mining trucks account for more than 80% of the domestic market share, the foreign market expands to 65 countries and regions in the world, and the total sales volume ranks first in China and third in the world. In 2020, northern mining trucks will successfully enter the two high-end mining markets of Australia and Europe. The series products of Beifang Co., Ltd. are widely used in seven mining fields including metallurgy, coal, nonferrous metals, chemical industry, building materials, hydropower and transportation infrastructure construction, and are distributed in hundreds of large open-pit mines at home and abroad, especially in national construction projects such as the Three Gorges Project of the Yangtze River, Xiaolangdi Hydropower Project of the Yellow River, Xiluodu hydropower project of Jinsha River, national energy group, Huaneng Group, China Railway Construction Group, etc China Guanghe group, China Hydropower Group, Angang Group, conch group, China Resources Group and Tibet Julong group have played an important role in the development of their major mines.

Northern shares insist on the development of the specialized development of the mine and vehicle, adhering to the development concept of "borrowing, borrowing, acquiring," "symbiosis, sharing and win-win", and promoting the transformation and upgrading of the digital industry with the "Internet plus" as the link. We are committed to developing the best price car with the global cost-effective and insisting on providing intelligent and customized products and services for the users. Perfect service network system radiating the world, provide mine transportation system solutions, and realize the lowest operation cost and maximum customer value in the whole life cycle of products.

In recent years, Beifang has been at the forefront of the industry, especially in intelligent products, intelligent manufacturing and intelligent mines. In 2019, the 110 ton driverless electric wheel mining vehicle nte120at independently developed by Beifang Co., Ltd. was successfully put off the production line, marking that China has become the third country in the world to enter the research field of driverless mining vehicles. In 2020, the first intelligent central control system of China's tramcar, jointly developed by northern stock company and Beijing University of technology, has successfully run, realizing the remote monitoring service for all operation conditions of the whole car. Northern stock has become the first enterprise in the field of domestic tramcar to launch intelligent system platform, and has completely independent intellectual property rights. At the same time, the mine car remote health diagnosis service platform, which is the first in the industry, has been officially launched to help northern stock realize digital, dynamic and remote control of vehicle operation management, and realize all-round management of vehicle safety, fuel consumption and maintenance. In terms of intelligent manufacturing, the company has the world's third largest tramcar production workshop, four intelligent robot welding production lines for mechanical wheel tramcar carriage, electric wheel tramcar front axle, rear axle and carriage, and unmanned assembly production line for disc brake. It is speeding up the implementation of flexible intelligent manufacturing production lines such as intelligent robot welding production line for electric wheel tramcar frame. In the aspect of intelligent mine construction, Beifang Co., Ltd. is the leading unit in formulating national standards for driverless mine cars and intelligent mine construction in China. It is the only mine car manufacturing enterprise in China to realize batch application of driverless mine cars in mines. It has realized batch application in Baotou Steel, conch group, SDIC Mengdong energy group and other mines.

Up to now, Beifang has drafted 16 national standards, completed 31 national and provincial key new product projects, won 5 provincial and ministerial first prizes for scientific and technological progress, and obtained 170 national patents. The company's technology is at the leading domestic and international level, and a number of products fill the domestic gap, fundamentally reversing the long-term dependence on imports of mining trucks in China.

In the future, Beifang will continue to adhere to the development mode of "borrowing strength, wisdom, momentum", "symbiosis, sharing and win-win", and is committed to providing users with solutions for mining vehicles and mine transportation system with the lowest operating cost in the whole life cycle, realizing the high-quality development of "high-end, intelligent, green and international" in an all-round way, and striving to build a world-class mining vehicle enterprise.

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