Fortune List Revealed! XCMG Machinery Ranks Among 2023 China's Top 500 Listed Companies

2023-07-14 1344 0人评论

On July 11, the Fortune China Top 500 Listed Companies list was unveiled. XCMG Machinery's first performance report after its overall listing was impressive, ranking 146th on the list with total operating revenue of 93.817 billion yuan, firmly holding the top spot in the construction machinery industry.

In 2022, amid a complex and volatile market environment, XCMG completed its mixed-ownership reform and overall listing, bringing a "New XCMG" to the capital market. With the domestic construction machinery industry in a cyclical adjustment period, "New XCMG" delivered results outperforming the industry.

Annual report data show that in 2022, XCMG Machinery achieved operating revenue of 93.817 billion yuan and net profit attributable to shareholders of the listed company of 4.307 billion yuan. During the industry adjustment period, XCMG Machinery demonstrated strong resilience, with both operating revenue and net profit attributable to parent company ranking first in the industry in China.

It is worth noting that over the past year, XCMG remained steadfast in its internationalization strategy, accelerating its expansion into new blue oceans of the global market. Its products have been exported to more than 190 countries and regions, with international revenue rising significantly. According to the 2022 financial report, XCMG Machinery's international revenue reached 27.838 billion yuan, up 50.5% year on year, accounting for 29.67% of total revenue, while export revenue reached 21.63 billion yuan, up 70.5% year on year.

Not long ago, International Construction magazine, published by KHL, a well-known global construction machinery information group, authoritatively released the Yellow Table ranking. Chinese manufacturer XCMG retained third place. XCMG also became the only Chinese construction machinery manufacturer to rank among the global top three for three consecutive years, and the only Chinese brand to maintain its existing market position without slipping in a volatile and complex competitive market environment.

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