Founded in 1968, SHANQI Heavy Machinery Co., Ltd. (formerly Shandong Crane Factory Co., Ltd.), was a first-class medium-sized state-owned enterprise and the only professional manufacturer of bridge and gantry cranes designated by the former Ministry of Machinery Industry in Shandong Province. In 1989, it was one of the first batch named "National Second-class enterprise". Then it was established as a limited company in 2002, and restructured into a private enterprise in 2005, and changed into a joint-stock company at the end of 2009. It is a key enterprise in Shandong Province, one of the top 50 machinery enterprises in Shandong Province and a high-tech enterprise. It obtained the qualification of provincial enterprise technology center in 2008 and was awarded the title of "Shandong Famous Trademark" in 2009.

Shandong Bridge and Gantry Lifting Machinery Engineering and Technology Research Center, a scientific research institution established by the company, was approved by Shandong Provincial Department of Science and Technology and recognized as a provincial enterprise technology center by Shandong Provincial Economic and Trade Commission in 2008. In the past three years, it has carried out industry-university-research cooperation with well-known domestic universities and scientific research institutions, undertaken 1 national science and technology support plan and 13 provincial technology innovation projects, among which 11 have passed the achievement appraisal of provincial science and technology departments, and many technologies have reached the international advanced level, and 2 have won provincial science and technology progress award and 23 technology patents have been granted. Besides, it is responsible for drafting and formulating one national standard and participates in the formulation of four national standards. SHANQI focuses on absorbing the advanced crane technologies from Europe. The lightweight design technology of the universal bridge crane enables the lifting machinery to be compact in structure, light in structure and reliable in performance, so as to save materials, reduce energy consumption, reduce building height and reduce maintenance cost, which has promoted China's lifting machinery to the direction of light, energy saving, safe and reliable international advancement.

SHANQI always adheres to the business philosophy of "leading quality, winning development, building first-class industry and serving the country" and continuously improves the technical content, manufacturing level and manufacturing capacity of its products. With the goal of building a world-class hoisting machinery enterprise, SHANQI speeds up the construction of a resource-saving and environment-friendly enterprise and strives to make the company an international machinery manufacturing enterprise with advanced technology, outstanding benefits and first-class management.