Recently, Hunan Sunward Intelligent Machinery Co., Ltd. (Short Name: Sunward, Stock Code: 002097) issued their development plan on the Interactive Platform for Investor Relationships of Shenzhen Stock Change, saying that the company was now adjusting the product structures gradually to enhance the force to produce electric forklifts.

It was informed from Sunward that due to the dual influences taken by the incomplete matching systems and the delay of establishing a sophisticated marketing network, the net profit ration of internal combustion engine forklifts was slightly lower than the average level in the industry, leading to the recent plan to increase the production ratio of electric forklifts in the whole product structure.

The main business of Sunward was to manufacture and sell products including pile-driving machinery, small-sized construction machinery and rock drilling machinery.

About Sunward

Hunan Sunward Intelligent Machinery Co., Ltd. (Short Name: Sunward, Stock Code: 002097) is a hi-tech listed company that integrates production, research and development. And it has become a famous enterprise in the construction machinery industry of China since its establishment on July 29, 1999.

The company has a registered capital of RMB 26.5 million, and total assets of over RMB 120 million. Among over 1700 employees, there are 52% who have college degree or above and over 30 masters, doctors, or post doctorates; and over 200 professional technical personnel. The company owns the First and the Second Sunward Intelligent Industrial Park, which cover 235 mu and 200 mu respectively. And it also owns the Wuxi Sunward Hydraulic Machinery Co., Ltd., which is exclusively invested by Sunward.