Xuzhou Handler Special Vehicle Co., Ltd.

Xuzhou Handler Special Vehicle Co., Ltd. is a manufacturing company listed on the ChiNext board of the Shenzhen Stock Exchange since 2011. The company specializes in the production of special machinery, including aerial work platforms, power emergency supply vehicles, emergency drainage vehicles, fire engines, military specialized vehicles, and special robots. As a key player in the industry, Handler is involved in the drafting of national and industry standards for its product categories, demonstrating its leadership in technological advancements and market development. The company's main business lines include aerial work platforms, where it holds a dominant position in the mid-to-high-end market, particularly as the sole manufacturer of insulated boom arms. Its subsidiary, Shanghai Grumman International Fire Equipment Co., Ltd., has a long-standing history in the fire engine sector and offers a diverse range of firefighting products. Additionally, Handler is developing power emergency operation robots and emergency rescue robots, showcasing its commitment to innovation and market expansion. The company's strategic focus on military-civilian integration further enhances its competitiveness in the defense sector.

1. As the principal drafter of national and industry standards for aerial work vehicles, aerial work platforms, power supply vehicles, and distribution vehicles, the company consistently leads industry advancements in lightweight construction, extended reach, intelligent operation, and insulated live-line work for aerial vehicles. It holds a dominant position in the mid-to-high-end market. The company holds a substantial market share in aerial work platforms, particularly as the industry's sole manufacturer of insulated boom arms. Its insulated bucket boom trucks exhibit exceptional competitiveness and a secure market position. Grumman is a century-old establishment in the fire engine industry, boasting technological leadership and significant support from local governments. 2. Shanghai Grumman Firefighting Robots rank among the top in the domestic market, having established significant technological barriers. On 14 March 2023, Grumman's firefighting robots were included in the inaugural Shanghai Municipal Government's Recommended Catalogue of Benchmark Intelligent Robot Enterprises and Application Scenarios. Xuzhou Headquarters' power emergency operation robots are in the industry's introductory phase with no competitors yet present. They have secured small-batch supply contracts with State Grid Shanghai Company and demonstrate promising future market potential. Emergency rescue robots trace their origins to 2009 when Handler undertook Jiangsu Province's scientific achievement transformation project, responsible for developing the ‘Robotic Intelligent Control Series Aerial Work Platform R&D and Industrialization Project’. The company's special robot industry started early, has achieved numerous results, and its products are highly competitive. It has extensive industrial exploration experience in the field of industrial robots. The company has practical needs for intelligent manufacturing and digital transformation, which can provide application scenarios and a foundation for the development of the industrial robot industry, meeting the conditions for industrial introduction and enhancement by first using internally before promoting externally. 3. Defence-related operations are conducted through wholly-owned subsidiary Grumman. Established in March 1989, Grumman traces its origins to the Shanghai Fire Equipment Factory founded in 1918. Having navigated decades of political and economic transformation, it successively operated under the Shanghai Municipal Public Security Bureau, the Ministry of Public Security, and the Shanghai Electric Group after 1949, before being wholly acquired by Handler in December 2012. It can be said that Grumman is a rare ‘century-old enterprise’. Adhering to a development strategy of ‘military products first, military-civilian integration’, Grumman has operated in the military sector for many years, serving all branches of the armed forces with comprehensive qualifications. The various military equipment it researches, develops and manufactures possess strong market competitiveness.