Recently, the authoritative Yellow Table released by International Construction magazine under KHL Group, a well-known information group in the global construction machinery industry, shows that Chinese manufacturer XCMG has jumped from fourth to third place globally—becoming the only Chinese enterprise to enter the global top three!

This year's Yellow Table from KHL Group in the UK shows the sales performance of enterprises in 2020, with total sales of 191.5 billion US dollars. According to the Off-highway Research report, China's construction machinery sales grew by about 14%, accounting for more than one-third of the global market.

The outstanding performance of Chinese construction machinery manufacturers is due to the Chinese government's effective and strong control of the COVID-19 pandemic and the rapid recovery of the Chinese economy. Behind the steady rise in global ranking and scale is the improvement and growth of the overall strength of China's construction machinery industry.

From the seventh place when General Secretary Xi Jinping inspected XCMG in 2017 to historically entering the global top three, in just over three years, XCMG has stood shoulder to shoulder with world giants. Chinese construction machinery enterprises represented by XCMG are officially competing in the 'world finals' with high quality.

So, what is XCMG's winning formula?

Strengthening the digitalization of the construction machinery industry, building an innovative ecosystem for high-quality development, and creating a 'coalition' of global industrial chains... At XCMG, the win-win results of independent innovation and international development are blooming everywhere.

Worthy of the name! High-quality assault on the 'Everest'

In an environment of global industry with high winds and rough seas, deep waters and big fish, XCMG, whether in troughs or peaks, does not change its 'original intention of adhering to the industry', and always launches impacts towards the global industrial Everest with high-quality development.

In March 2021, full load to sea! XCMG's products worth over 100 million yuan are popular in the 'Belt and Road'

'Highly internationalized and fully competitive'—this is the judgment and positioning of Wang Min, Chairman and Party Secretary of XCMG Limited and XCMG Machinery, on the global construction machinery industry.

The situation determines the attitude. Highly internationalized means construction machinery enterprises cannot 'hide in a small building and be self-contained'; they need a global perspective. Fully competitive means enterprises cannot 'be complacent' or 'be satisfied with small achievements'; they must rely on innovation to move towards the mid-to-high end.

On April 17, 2021, 4,606 tons, another record! XCMG XGC88000 'World's No. 1 Crane' successfully completed the hoisting of Asia's largest petrochemical tower

How to layout?

World-class enterprises must have world-class management models. That is, relying on the 'three high and one large' product technology strategy of high technology content, high added value, high reliability, and large tonnage, and the 'three high and one sustainable' high-quality development concept of high quality, high efficiency, high benefit, and sustainability.

'The world construction machinery industry has a history of more than a hundred years, and the market is surrounded by strong competitors and 'contending heroes'.' Wang Min said, 'Only by climbing to the mid-to-high end of the industrial chain can 'Made in China' survive and live better in the reconstruction of the global economic landscape.'

In April 2021, 1.2 billion yuan invested in Fuxin, XCMG's high-end snow and ice removal equipment industrial base laid the foundation, helping Northeast revitalization

Looking back over the past year—

· XCMG's mobile crane scale ranks first globally

· Foundation construction machinery ranks second globally

· Road construction and maintenance, and concrete machinery rank in the world's top three

· Mining machinery enters the global top five

This jump to the top three is another milestone for XCMG in continuously optimizing traditional product lines and further actively exploring a diversified development pattern. With the implementation of mixed-ownership reform and the overall listing on the agenda, XCMG is moving onto a higher and newer world-class track, running at full speed towards a magnificent future.

Gorgeous transformation! Promoting digital transformation

The digital transformation of the construction machinery industry is a systemic change driven by the new generation of information technology. On April 26, General Secretary Xi Jinping emphasized during his inspection in Liuzhou, Guangxi, 'Look at XCMG in the north, Liugong in the south'. For high-quality development, innovation is very important. Only innovation can make us strong and strive for the lead. On the road of independent innovation, we must be unwavering, make persistent efforts, and reach a higher level.

With innovation, XCMG has withstood the major fluctuations in the construction machinery industry in recent years, and its main indicators have ranked 'China's No. 1' for 32 consecutive years. With the 'XCMG Industrial Cloud' platform, it has reconstructed the global industrial chain and led 'Intelligent Manufacturing in China'. XCMG is precisely a microcosm of China's manufacturing industry transitioning from high-speed growth to high-quality development.

XCMG Intelligent Manufacturing 5G Workshop

In recent years, XCMG has begun to promote the deep integration of manufacturing and the digital economy, treating them as a powerful engine to empower the high-quality development of China's manufacturing industry.

Through deep integration of lean manufacturing, XCMG has built multiple intelligent production lines, represented by the world's first intelligent production line for crane turntable structural parts, and created the industry's first full-value-chain factory with downlink MEC 5G independent networking.

Fu Simin, Director of the Information Management Department of XCMG Machinery, said that in the fierce competitive game of manufacturing, XCMG has focused on building core capabilities in intelligent manufacturing, providing strong support for production and operation.

In August 2020, XCMG's unmanned fleet of road machinery constructed the Beijing-Xiong'an Expressway

XCMG is in the midst of a gorgeous transformation, trying to outline a new sample of a specialized construction machinery manufacturer, turning its main business from a 'big ship into a powerful fleet'.

In recent years, in order to embrace the digital era and better serve customers, XCMG has promoted the transformation and upgrading of digitalization, intelligence, and unmanned operations. Releasing the Global Digital Spare Parts Service Information System (X-GSS), building a global collaborative R&D system, laying out and controlling key core components, and contributing one world 'first' after another—XCMG is actively drawing a grand blueprint.

Sprinting into the deep sea! Building a global industrial chain

Affected by the pandemic, overseas markets have seen significant fluctuations. In addition, changes in the external environment, problems such as technology 'bottlenecks' and insufficient stability of industrial chains and supply chains have led to great uncertainty in global industrial development.

The country has proposed a new development pattern of 'domestic circulation as the main body, and domestic and international dual circulation promoting each other', pointing out the path for the high-quality development of China's manufacturing industry.

On July 21, 2020, Wang Min, as the only entrepreneur representative in the industry, participated in the entrepreneurs' symposium presided over by the General Secretary, and proposed that XCMG should not only run a lasting business with perseverance, take root and deeply cultivate the Chinese market, but also expand opening up, forge ahead, and march into the blue ocean and deep sea of the global market.

On September 22, 2020, XCMG's mixed-ownership reform successfully attracted 21.056 billion yuan in investment

Wang Min believes that domestic and international dual circulation promote each other.

In recent years, XCMG has optimized the global industrial chain, and with the 'four-in-one' values of suppliers, distributors, and users, it has worked together to promote product R&D, technological innovation, and construction method improvement, achieving win-win results for all parties.

In terms of industrial synergy, XCMG is committed to building a 'coalition', optimizing the industrial chain, sharing benefits, and co-creating value, attracting a large number of enterprises to participate in the supply system and market system. In the upstream supply chain of the main construction machinery business, there are more than 2,000 enterprises cooperating with XCMG, and more than 500 distributors in the downstream market system.

Building a global supply chain system has given XCMG the confidence to reach the 'Everest'.

In October 2020, at XCMG's 10th Sports Games, 'essential health' was shared with 9 million people worldwide via online live broadcast

Observing the trend, planning the overall situation. In the answer to the General Secretary, the new XCMG gathers strong 'kinetic energy' to contribute vigorous Chinese strength to the high-quality development of Chinese manufacturing and the construction of a new development pattern!