Shanghai Stock Exchange Main Board Listing ·603950.SH
Exceptional quality · Rooted in expertise
From the engine’s core components
to
Gas turbine power
Changyuan Donggu (SSE: 603950) has spent more than two decades deeply cultivating core components such as engine cylinder blocks and cylinder heads, serving leading customers including Cummins, Dongfeng, Yuchai, and BYD. Today, we are extending the same manufacturing expertise to gas turbines and power equipment—providing robust power ranging from 0.2 to 448 MW for data centers and industrial users worldwide.
2001
Company Establishment
603950
Shanghai Stock Exchange Main Board stock code
5,000+
Employees (following the completion of the restructuring)
9
Production base (following the restructuring) + U.S. base (under development)
1.6–298 MW
Power coverage of electrical equipment
Our Businesses
One Group, Three Power Businesses
Rooted in precision manufacturing — from reciprocating-engine core components and thermal systems to gas turbines and power-plant equipment: a complete chain from component to system to power station.
Engine Core Components
缸体 · 缸盖 · 连杆
R&D and manufacture of cylinder blocks, heads, connecting rods and robotics parts for diesel, petrol and natural-gas engines — commercial vehicle, NEV, marine, computing-power generation and eVTOL. Roughly a quarter of China's diesel-vehicle engine block and head market.
Blocks／Heads,Con Rods,NEV,eVTOL,IATF 16949
Cooling & Thermal Systems
数据中心 · 机组散热
Data-center cooling systems, genset radiators and acoustic enclosures — over 80% of China's data-center genset radiators, serving Cummins, Caterpillar, MTU and Perkins, with CFD/FEA simulation and wind-tunnel validation.
Data-Center Cooling,80%+ radiator share,Enclosures,CFD／FEA
Gas Turbines & Power
0.2 – 448 MW
Sales, integration, refurbishment, conversions, core remanufacture and plant solutions for gas turbines — aero-derivative, industrial, heavy-frame, mobile and standby/emergency units across GE, Everllence, Kawasaki, Solar and AECC platforms. Firm power for data centers and peaking, delivered in months, not years.
Equipment Sales,Integration,Refurbishment,Power Projects
New Division
Gas Turbines & Power Equipment
Built on two decades of powertrain manufacturing and a Cummins Tier-1 pedigree, CYDG supplies gas-turbine equipment, genset integration, refurbishment and turnkey plant solutions worldwide. Our fleet spans aero-derivative, industrial and heavy-frame platforms, backed by in-house cooling, controls and containerization, with a new packaging plant in Laohekou and a U.S. integration base under development on both sides of the Pacific — delivering in months while OEM order books stretch into years.
0.2–448 MW
Single-unit power range, from mobile power stations to heavy-duty F-class units.
8+ OEM
GE · Everllence · Kawasaki · Solar · AECC, and other platforms
US$165M
First batch of overseas gas turbine unit sales contracts (disclosed in the 2026 semi-annual report)
In months
Spot units + integrated delivery cycle
Aero-Derivative
航改型机组
LM2500+ / LM6000-class gensets — fast-start, efficient and flexible; the workhorse for data-center prime power and peaking.
30 – 54 MW
Industrial
工业型机组
New-build channels — Everllence MGT/THM, Kawasaki GPB, Solar, AECC AGT — plus select pre-owned Siemens SGT and Solar units. Distributed energy and oil & gas.
1.5 – 34 MW
Heavy-Duty Frame
重型机组
GE 9HA.01 H-class, 6F series / 9E and Siemens SGT5-2000E / SGT5-4000F — from fast-track simple cycle to utility-scale combined cycle.
50 – 448 MW
Mobile Power
移动电站
Our CY2500 series (30 MW-class) plus CX25M trailer stations and containerized dual-fuel gensets — generating ~3 hours after arrival, full load in 10 minutes.
1.6 – 34.5 MW
Standby & Emergency
备用 / 应急机组
Kawasaki GPS-series standby turbine gensets (0.2–4.8 MW, 7,000+ sets installed worldwide) and the AECC AGT3 mobile emergency set — automatic start on mains failure, gas-turbine backup for data centers and critical facilities.
0.2 – 4.8 MW
Equipment Sales & Sourcing
Genset Integration & Load Testing
Overhaul, Refurbishment & Core Remanufacture
Plant Solutions & EPC Partnership
Parts & Aftermarket
Inventory List (under NDA)
Strength in Numbers
A Listed Manufacturer's Foundation
Total assets (post-restructuring, subject to audit)
Domestic market share of diesel‑engine cylinder blocks (2025) — the remainder is primarily produced in‑house by OEMs, with independent suppliers ranking first.
Domestic market share of diesel engine cylinder heads (2025) — the remainder is primarily produced in-house by OEMs, with independent suppliers ranking first.
Following the restructuring, the production base covers over 2,000 mu of land and comprises 600,000 square meters of factory space; construction is underway on the new Gucheng radiator plant as well as the new plants in Laohukou for gas turbines and large-bore marine engines.
IATF 16949
ISO 14001
Occupational Health and Safety Management System
Cummins Tier 1 supplier for over 20 years
Smart Factory · End-to-End Digitalization
Global Presence
Rooted in Xiangyang, Serving the World
Hubei · Xiangyang
Xiangyang, Hubei
The Group’s headquarters, together with its two major production bases in Xiangzhou and Laohukou, and the Hongshantou Smart Factory have all achieved full-scale production.
Beijing
Beijing
Beijing Changyuan Langhong Technology — R&D and Manufacturing Center for Thermal Management and Cooling Systems.
Guangxi · Yulin
Yulin, Guangxi
The Guangxi base is a joint venture with Yuchai, strategically positioned to serve the Southwest China and ASEAN markets.
CY Power USA
United States
U.S. Power Equipment Subsidiary (under establishment): a roughly 300,000-square-foot integrated facility for unit integration, acceptance testing, and local after-sales service.
Customers & Partners
Trusted by the World's Power Leaders
Engine component customer
Dongfeng Cummins
Foton Cummins
Xi’an Cummins
Chongqing Cummins
Dongfeng Commercial Vehicle
Yuchai
SINOTRUK
SDEC
SFH
SANY
BYD
Seres
Chery
Geely
EHang
Cooling and Heat Dissipation System Customer
Cummins
Caterpillar
MTU
Perkins
Volvo Penta
John Deere
Mitsubishi Heavy
MAN
Weichai
ZF
CNPC
Gas turbine platform
GE Vernova
Siemens Energy
Solar Turbines
Kawasaki
Baker Hughes
Everllence
AECC
Newsroom
Latest from CYDG
2026.10
Third-quarter report for 2026 released: Net profit attributable to parent company for the first three quarters was RMB 258 million.
For the first three quarters, operating revenue totaled RMB 1.501 billion (down 8.91% year over year), net profit attributable to shareholders of the listed company was RMB 258 million (down 5.96% year over year), and basic earnings per share were RMB 0.80. The report was disclosed on October 30, and the company subsequently announced that it would hold a third-quarter earnings briefing.
2026.09
The restructuring application documents have been accepted by the Shanghai Stock Exchange.
On September 30, the company received notification from the Shanghai Stock Exchange that the application documents for issuing shares to acquire 100% equity in Kanghao Mechanical & Electrical and raising accompanying funds are complete and conform to statutory requirements, and have therefore been accepted. This transaction still requires approval by the Shanghai Stock Exchange and registration approval by the China Securities Regulatory Commission; whether it can ultimately be implemented and the timing thereof remain uncertain.
2026.09
Disclosure of the Restructuring Report (Draft): Proposed Issuance of Shares to Acquire 100% Equity Interest in Kanghao Mechanical & Electrical Co., Ltd.
The transaction is valued at RMB 5.01 billion, to be paid by issuing approximately 168 million shares at RMB 29.75 per share, with an additional RMB 2 billion to be raised from no more than 35 specific investors; this constitutes a major asset restructuring and related-party transaction, but does not amount to a backdoor listing. Approval by the shareholders’ meeting, review and approval by the Shanghai Stock Exchange, and registration approval by the China Securities Regulatory Commission are still required.
2026.08
2026 Semi-Annual Report Released: First Batch of Overseas Gas Turbine Unit Contracts Total $165 Million
In the first half of the year, operating revenue reached RMB 1.014 billion, and net profit attributable to shareholders of the listed company was RMB 167 million (up 1.66% year on year). Following the establishment of the gas turbine and power business segment, as of the date of the interim report’s disclosure, the company had signed its first batch of overseas sales contracts for gas turbine generator sets, with a total contract value of USD 165 million.
2026.07
CY2500 Series 30 MW-Class Mobile Gas Turbine Power Plant Release Update
Changyuan Donggu has released the latest update on the CY2500 series of mobile gas turbine power plants. This series is a family of 30 MW-class aeroderivative dual-fuel generator sets, fully supplied by Changyuan Donggu with end-to-end lifecycle services—from delivery and commissioning to long-term maintenance, all under a single responsible entity.
2026.05
The Gas Turbine and Power Division has been officially launched.
A multi-OEM fleet ranging from mobile power stations to heavy-duty units, along with six major service lines, was unveiled as CY Power USA simultaneously prepared for establishment.
2026.04
The board of directors has reviewed and approved the restructuring plan for Kanghao Mechanical & Electrical.
It plans to acquire 100% of the equity interest in Kanghao Mechanical & Electrical; upon completion, the Group will have nine major production bases and add power units, electronic speed control, and oilfield engine businesses (subject to the official announcement).
2026.03
Signed an agreement to acquire 100% of the equity interest in Kanghao Mechanical & Electrical.
An acquisition agreement has been signed with Hubei Xinyuan Power Technology Group, under which the power unit, electronic speed control, and oilfield engine businesses will be incorporated into the Group (subject to the official announcement).
Frequently Asked Questions
Xiangyang Changyuan Donggu Industrial Co., Ltd.
Do you need engine component sourcing, or are you looking for gas‑turbine power delivered on a monthly basis?
Xiangyang Changyuan Donggu Industrial Co., Ltd.
Hongshantou Industrial Park, Xiangzhou District, Xiangyang City, Hubei Province
SSE Main Board: 603950
Contact Us
Sales and Inquiries:sales@cydgsy.com
Gas Turbines and Power Generation:power@cydgsy.com
Phone:0710-3062990
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