Hangcha Groups Green Push Drives Strong Global Growth

As the global manufacturing sector navigates a complex and volatile environment, Hangcha Group has demonstrated remarkable resilience and achieved counter-cyclical growth. During its 2025 mid-year earnings conference, the forklift giant revealed its formula for success: harnessing new energy as its engine and globalization as its wings to propel toward its goal of becoming one of the "World's Top Five Forklift Manufacturers."

Despite macroeconomic challenges, Hangcha Group delivered robust results in the first half of 2025. The company reported revenue of 9.302 billion yuan ($1.28 billion), an 8.74% year-on-year increase, with net profit reaching 1.121 billion yuan ($154 million), up 11.38%. A key driver of this growth was the increasing contribution from new energy products, which continued to gain market share.

The company's overseas expansion also yielded significant results, with unit sales growing over 25% year-on-year to approximately 60,000 units—a historical high that underscores Hangcha's strengthening global competitiveness.

Chairman and General Manager Zhao Limin outlined the company's three strategic transformations that are laying the foundation for sustainable growth:

1. Intelligent and Electric Product Upgrades: Hangcha has embraced industry trends with innovative offerings like high-voltage lithium-ion forklifts and AGV smart industrial vehicles, which have gained strong market recognition for their performance and reliability.

2. Global Network Expansion: The company has established more than 20 overseas subsidiaries across Europe, North America, and Southeast Asia. A new manufacturing base in Thailand is scheduled for completion in the fourth quarter, enhancing global production capacity and supply chain efficiency.

3. Smart Manufacturing Advancement: Through industrial internet platforms and advanced automation, Hangcha has improved production efficiency, product quality, and cost competitiveness.

Looking ahead, Hangcha will intensify its focus on electrification, intelligence, and internationalization. The company plans to increase R&D investment in new energy and smart manufacturing while expanding its global sales network and service systems.

"We remain committed to delivering sustainable returns to investors through innovation and quality," said Zhao Limin. "Our vision is to create the world's strongest forklift enterprise by providing superior products and services."

The earnings conference featured comprehensive discussions between Hangcha's management team and investors, covering financial performance, technological innovation, and future development plans. The transparent communication provided investors with valuable insights for decision-making.

The company emphasized its commitment to maintaining open communication channels with investors through various platforms, reinforcing confidence in its long-term growth strategy.