Tietuo Machinery was established on June 30, 2004 and listed on the Beijing Stock Exchange on March 8, 2024. Its registration and office address are Quanzhou City, Fujian Province.
The company is the leading domestic manufacturer of asphalt mixture mixing equipment, with advantages across the entire industry chain and advanced product technology.
Tietuo Machinery’s main business is the research and development, production, sales and service of asphalt mixing equipment and supporting equipment. The Shenwan industry it belongs to is mechanical equipment – engineering machinery – complete engineering machinery, involving small plates, engineering machinery, and Sino-Russian trade concept sectors.
In terms of operating performance, in 2025, Tietuo Machinery’s operating income was 375 million yuan, ranking 23rd among 23 companies in the industry, far lower than the industry’s first XCMG Machinery’s 100.823 billion yuan, and the second-place Sany Heavy Industry’s 89.231 billion yuan. The industry average was 16.765 billion yuan, and the median was 6.689 billion yuan.
Among the main business components, original recycled integrated mixing equipment with RMB 154 million accounted for 40.96%, and virgin asphalt mixing equipment with RMB 145 million accounted for 38.66%.
The net profit was 48.1827 million yuan, ranking 18/23 in the industry, which was far lower than the 8.488 billion yuan of Sany Heavy Industry, the first in the industry, and the 6.686 billion yuan of Xugong Machinery, the second place. The industry average was 1.362 billion yuan, and the median was 530 million yuan.
In terms of solvency, Tietuo Machinery’s asset-liability ratio in 2025 is 25.92%, lower than 27.08% in the same period last year, and lower than the industry average of 45.29%.
In terms of profitability, the gross profit margin in 2025 will be 31.16%, which is higher than the 30.32% in the same period last year and higher than the industry average of 25.52%.
This shows that Tietuo Machinery has certain advantages in repaying debt, and its profitability is also considerable.
The controlling shareholder and actual controller are both Wang Xiren.
Chairman Wang Xiren, male, born in August 1964, Chinese nationality, no permanent residence abroad, obtained a college degree in road construction machinery and administrative management.
He once worked at Quanzhou Road Construction Machinery Factory in Fujian Province. From July 2004 to January 2020, he served as executive director and general manager of Tietuo Machinery. From January 2020 to present, he has served as chairman of Tietuo Machinery. His salary in 2025 will be 600,000, a decrease of 70,700 from 670,700 in 2024.
General Manager Gao Daile, male, born in October 1980, Chinese nationality, no permanent residence abroad, holds a master’s degree in business administration and is a senior engineer.
He once worked for Fujian Nanfang Pavement Machinery Co., Ltd., and has been working for Tietuo Machinery since July 2004. He has been the director and general manager of Tietuo Machinery since January 2020. His salary in 2025 will be 623,700, a decrease of 47,000 from 670,700 in 2024.
As of December 31, 2025, the number of A-share shareholders of Tietuo Machinery was 5,695, an increase of 3.26% from the previous period; the average number of circulating A shares held by each household was 7,435.8, a decrease of 3.16% from the previous period.
The increase in the number of shareholder households may reflect the market’s increased attention to Tietuo Machinery, but the decrease in the number of circulating A shares held by each household also deserves further attention.
Generally speaking, although Tietuo Machinery ranks low in the industry in terms of revenue and net profit, it has certain bright spots in terms of debt repayment and profitability. Its future development trend deserves continued attention.
