The Asian Winter Games, set to take place in the near future, is set to greatly enhance the popularity of ice and snow sports across the regionA crucial foundation for the expansion of these sports is the provision of effective ice and snow equipmentThis sector plays an essential role in stimulating the rapid growth of the ice and snow economyIn recent years, as global interest in ice and snow sports has surged, ski resorts have become increasingly reliant on cable cars, which are indispensable means of transport in these snowy landscapesAs a result, there has been a notable increase in market demand, creating unprecedented opportunities for growthBeijing Institute of Hoisting and Transport Engineering, a subsidiary of China National Machinery Industry Corporation, is a leading entity in the research, design, and contracting of ropeway systems in ChinaHaving specialized in passenger cable cars for many years, the company stands to benefit immensely from the rapid expansion of the ice and snow economy.

Since its establishment, the Beijing Institute of Hoisting and Transport Engineering has made significant strides in developing pioneering products for domestic ropewaysAmong its accomplishments, it created the first single-line circulating chairlift in China, the double-cable reciprocating ropeway, the pulsating ropeway, as well as a new type of detachable ropewayThese achievements have consolidated its position as a technological leader in the industryThe institute received the "Manufacturing Industry Singles Champion Product" title from the Ministry of Industry and Information Technology in 2022, further recognizing its excellence.

Within the domestic market, the Beijing Institute has consistently held the top share in the cable car segmentIts technology and products have been widely applied in various significant national projects, including the opening ceremony of the 2008 Beijing Olympics, the Five-hundred-meter Aperture Spherical Telescope (FAST), and the snow skills ropeway at the 2022 Beijing Winter Olympics

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The ski lifts designed and manufactured by the institute have frequently filled gaps in the domestic market, breaking numerous records both within China and across Asia.

To date, the Beijing Institute has constructed over 600 cable cars of various types across the country, including 144 detachable ropeways and 57 ski detachable ropewaysThese installations have served some of the most well-known ski resorts in China, such as Wanlong, Beidahu, the Silk Road, Keketohai, Jiangjun Mountain, and Hemujikepulin, significantly contributing to the country's fast-developing ice and snow tourism industry.

Notably, the Beijing Institute has also embarked on the development of the Atyush Tienmen Ropeway project in XinjiangThis ambitious project aims to construct two tourism transport ropeways, one ski area ropeway, and related facilities, marking the first cable car in KezhouThe company is not only responsible for the investment and construction of the Tienmen scenic area ropeway and its supporting facilities but also for the operation, revenue generation, and maintenance of the ropeway and scenic area in the futureThis marks a significant milestone for the cableway engineering investment and operation projects under China National Machinery Industry Corporation's "14th Five-Year Plan." Currently, the Tienmen Ropeway project is in the construction phase, further highlighting the vital role the Beijing Institute and other domestic equipment manufacturers play in supporting China's ice and snow economy's high-quality growth.

Furthermore, recent data from QYResearch indicates that global revenues from cable cars and ropeway systems reached 28.2 billion yuan in 2023, with projections estimating a rise to 43.12 billion yuan by 2030 and a compound annual growth rate (CAGR) of 6.1% from 2024 to 2030. The Beijing Institute is poised to leverage the growth of the ice and snow economy to help China National Machinery Industry Corporation achieve breakthroughs in performance.

As part of its global strategy, the Beijing Institute is actively responding to the nation's "Belt and Road" initiative, promoting the internationalization of its ropeway business

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Through collaborations with the overseas division of China National Machinery Industry Corporation, the Beijing Institute has been expanding its overseas markets and building a high-quality development pattern characterized by complementary strengths both domestically and internationally.

In 2024, the international business operations of the Beijing Institute are set to extend into countries such as Vietnam, Thailand, Nepal, Japan, and BrazilThe growth of its overseas business has seen an impressive year-on-year increase of 221.54%, nurturing a new growth engine for the company’s sustainable development.

In Myanmar, the Beijing Institute designed, manufactured, and guided the installation of the Pyin Oo Lwin BE Fall cable car, which became Myanmar's first cable car project entirely participated in by a Chinese enterpriseThis achievement signifies the successful entry of the "Beijing Ropeway" BMH brand into international marketsThe project not only boosted local tourism and economic development but also set a precedent for deepening cooperation between China and Myanmar within the framework of the "Belt and Road" initiative.

Moreover, the Beijing Institute has excelled in various projects and fields, showcasing its exceptional engineering capabilities and international project management experienceExamples include the automation cold storage system integration project in Kazakhstan at -25°C and the MAHA Sarakham power plant project in ThailandThe successful implementation of these projects has reinforced the Beijing Institute's influence in the international market.

In the realm of international standardization, the Beijing Institute has positioned itself at the forefront of the industry, acting as the domestic technology focal point for four international standardization organizations, namely ISO/TC96, ISO/TC101, ISO/TC110, and ISO/TC111. The institute has also led or contributed to the establishment of several international standards

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