On March 11, the Third Session of the 14th National People's Congress concluded at the Great Hall of the People in Beijing after successfully completing all agenda items.

On March 5, General Secretary Xi Jinping, while participating in the deliberation of the Jiangsu delegation to the Third Session of the 14th National People's Congress to which he belongs, systematically expounded on the profound connotations, core requirements, and practical paths of "major economically developed provinces should shoulder major responsibilities," and set clear requirements for Jiangsu, as a major economically developed province, to shoulder major responsibilities. Among these, "taking the lead in promoting the integration of technological innovation and industrial innovation" ranked first.

"The General Secretary once again visited the Jiangsu delegation in person and delivered an important speech, once again taking the pulse of and charting the course for Jiangsu's development at a critical juncture." Yang Dongsheng, Party Secretary and Chairman of XCMG Group and XCMG Machinery, stated that technological innovation and industrial innovation are the fundamental paths for developing new quality productive forces. As an equipment manufacturing enterprise that the General Secretary has personally inspected and highly关注, we will keep in mind the General Secretary's earnest exhortations, fully implement the responsibility of "Jiangsu Manufacturing" shouldering major responsibilities, seize the day and put action first, and present a new answer sheet to the General Secretary.

For three consecutive years, high-quality development has become the strongest voice of the era

In the spring of 2023, when General Secretary Xi Jinping participated in the deliberation of the Jiangsu delegation to the First Session of the 14th National People's Congress, he clearly stated: "High-quality development is the primary task of building a modern socialist country in all respects." One year later, again while participating in the deliberation of the Jiangsu delegation, the General Secretary further elaborated on high-quality development: "We must firmly grasp this primary task of high-quality development and develop new quality productive forces in accordance with local conditions." This year, the General Secretary once again clarified the fundamental path for developing new quality productive forces.

For three consecutive years on the same occasion, General Secretary Xi Jinping, centering on the era theme of high-quality development, has continuously clarified the direction and path.

In the new era, China's path of high-quality development is growing broader and more steadfast.

Seizing the day and putting action first, bravely serving as the backbone of equipment manufacturing

In December 2017, when inspecting XCMG Group, General Secretary Xi Jinping pointed out that the equipment manufacturing industry is the backbone of manufacturing, and that investment must be increased, research and development strengthened, and development accelerated to strive to occupy the world's commanding heights and control the right to speak on technology, so as to make China a major country in modern equipment manufacturing. He earnestly encouraged XCMG Group to "focus on the world frontier and strive to explore good models and good experience for innovative development."

As the vanguard of China's construction machinery industry, XCMG Group has always studied and comprehended the spirit of the Third Plenary Session of the 20th CPC Central Committee and the important instructions made by General Secretary Xi Jinping on XCMG Group's development as an integrated whole, and implemented them as an integrated whole.

In recent years, XCMG Group has always kept in mind the exhortations, forged ahead with gratitude, and stayed at the forefront, anchoring the strategic goal of "building a world-class enterprise and scaling the global industrial Everest," implementing the business development policy of "high quality, risk control, world-class, and steady growth," vigorously advancing technological innovation, and driving the industrial transformation and upgrading toward "high-end, intelligent, green, service-oriented, and international" development.

A new situation of connotative high-quality development

XCMG Group has achieved operating revenue exceeding 100 billion yuan for five consecutive years, representing Xuzhou manufacturing and Jiangsu manufacturing, and has consistently ranked first in the domestic industry and among the top in the global industry, leading the Xuzhou construction machinery cluster to be among the first batch selected as a national advanced manufacturing cluster.

In 2024, the company achieved dual improvements in operating revenue and net profit, maintained a steady growth trend in business performance, and continued to consolidate its industry-leading position.

Since February 2025, the market value of the listed company XCMG Machinery has historically surpassed the 100 billion yuan mark; as of the close on March 11, its market value stood at 112.7 billion yuan.

At present, the enterprise's operations present a new situation of connotative high-quality development featuring "steady progress with improvement, promoting stability through progress, and improving quality amid stability," rewarding the vast number of investors with high-quality development performance. A positive, open, and renewed XCMG is highly favored and trusted by the capital market.

Braving the summit and striving to build a global industrial highland

Yang Dongsheng emphasized that we will deeply study, implement, and carry out the spirit of the 2025 National People's Congress and the various deployments and requirements of the Government Work Report, actively leverage the role of enterprises as innovation entities, adhere to driving industrial innovation through technological innovation, advance new industrialization, and lead the construction of an internationally competitive advanced manufacturing cluster. We have the confidence, determination, and ability to explore new paths, accumulate experience, and provide support for the equipment manufacturing industry to take the lead in achieving new industrialization, and to drive the industry to continuously climb higher through new industrialization.

"It is a great responsibility and a glorious mission to take the lead, strive to be first, stay at the forefront, and set an example for Jiangsu Province in shouldering major responsibilities with the actual results and effectiveness of high-quality development." Yang Dongsheng stated firmly that XCMG Group will closely focus on the overall requirements of the country's construction of a world-class advanced manufacturing cluster and Jiangsu Province's building of the "1650" modern industrial system, resolutely shoulder the "lead horse" responsibility of a chain-leading enterprise, consciously integrate into the "two overall situations," strive to demonstrate new achievements in strengthening, supplementing, and extending the industrial chain, play a greater role in serving the construction of a new development pattern of "leading geese charting the course and the flock flying together," accelerate the development of new quality productive forces, build a world-class enterprise, scale the global Everest of high-end equipment manufacturing, and make new and greater contributions to building a manufacturing powerhouse, a science and technology powerhouse, and a quality powerhouse, and to advancing the new Jiangsu practice of Chinese-style modernization!