Shanghai Pangyuan Machinery Rental Co., Ltd. (hereinafter referred to as PY Rental) was established in 2001. The registered capital is 2.258 billion yuan. The total assets is nearly 10 billion yuan. PY Rental is mainly engaged in rental service, assembly, disassembly and maintenance for construction machinery equipment required by construction engineering, energy engineering, traffic engineering and other national and local key infrastructure construction. PY Rental owns "Class A Special Equipment Installation, Transformation and Maintenance License" and "Lifting Equipment Installation Engineering Professional Contracting Level One" qualification. The scale ranks in the forefront of the domestic construction machinery service industry. PY Rental is a one-stop comprehensive solution provider from installation, on-site operation, equipment maintenance, disassembly to departure. PY Rental is a high-tech enterprise in Shanghai and a leading enterprise of construction machinery rental service industry in China.

Headquartered in Shanghai, PY Rental is the largest wholly-owned core sub-enterprise of Shaanxi Construction Machinery Co,. Ltd. which had been listed on the stock market (stock code: 600984) and belongs to Shaanxi Coal Industry Chemical Group Co., Ltd. which is one of the world's top 500 enterprises. PY Rental established more than 30 wholly-owned subsidiaries, more than 20 intelligent manufacturing and training service bases throughout Shanghai, Beijing, Guangzhou, Shenzhen and other domestic central cities and key areas. PY Rental set up overseas wholly-owned or holding companies in Malaysia, Cambodia, Indonesia, Philippines and other countries.

PY Rental has nearly 10,000 sets of various types of construction machinery. The business scope covers the whole country and radiates overseas. PY Rental has long served large central enterprises, state-owned enterprises and listed companies such as China State Construction, China Power Construction, China Energy Construction, China Railway, CCCC, CNNC, Shanghai Construction Engineering, Beijing Construction Engineering, Shaanxi Construction Engineering and so on. PY Rental has participated in the construction of the Bird's Nest, the National Museum, CCTV New Site, China Water Conservancy Museum, Shanghai World Financial Center, Theme Pavilion and Sunshine Valley of Shanghai World Expo, Guangzhou Television, Bridge Observation Tower of Hangzhou Bay, Zhejiang Beilun Power Plant, Haikou Meilan Airport, Xinjiang Convention and Exhibition Center, Shanghai Shenkeng Hotel, Huangshi Edong Yangtze River Bridge, Chongqing Chaotianmen Yangtze River Bridge, Third Bridge and Forth Bridge of Nanjing Yangtze River, Hong Kong-Zhuhai-Macao Bridge, Fujian Pingtan Bridge, Qinghai-Tibet Railway, Tibet Lhasa Holy Land Intercontinental Hotel, the site of the First National Congress of the Communist Party of China and many other landmark buildings and national key projects, as well as thousands of residential buildings.

PY Rental always adheres to the concept of innovation-driven, safety-oriented, people-oriented and green development.. PY Rental has more than 320 invention patents, utility model patents and software copyrights through 20 years of diligent pursuit, hard work and accumulation. PY Rental participated in the compilation of industry standards such as "Tower Crane Safety Assessment Procedures", " Safety Assessment Procedures for Construction Lifts ", "Tower Crane Safety Monitoring System" and so on. The development and application of "Pangyuan Online" leads the new model of industry information management, and the "Pangyuan Index" released regularly has become a weathervane for the development of the industry. It has won the "Top Ten Most Competitive Brands in China's Construction Machinery Leasing Industry", "China's Top 50 Construction Machinery Leasing Enterprises", "National Quality Reputation Guaranteed Excellent Service Unit", "Construction Machinery Leasing Equipment Management Excellent Unit", "Shanghai Construction Safety Production Advanced Enterprise", "Ranked 22nd in the Global Top 100 Construction Engineering Leasing Industry in 2020", and won the honor of "Ranked at the Top in the Total Ton Meter of International Self-owned Tower Crane " for many consecutive years.

Facing the future, PY Rental will always uphold the core values of "gratitude, integrity, professionalism and dedication", and make unremitting efforts to build PY Rental into a leader in the global construction machinery service industry.