This report is an update of the profile on Sunward Intelligent Equipment Co. Ltd, or Sunward for short, published by Off-Highway Research in December 2021. Sunward is listed on the Shenzhen Stock Exchange. It is a leading manufacturer of piling machinery and a key supplier of excavators. The company has also expanded into other product lines such as skid-steer loaders, mobile cranes, telescopic handlers, aerial work platforms, mining trucks, and mobile crushing and screening machinery.