Fortune China

Published on July 22, Beijing time

2025 Fortune China 500 Ranking

 XCMG ranks 212th on the list 

Achieving a further rise in ranking compared with the previous year

Holding firmly to first place in the industry

The list adopts the same methodology as the Fortune Global 500 and includes both listed and non-listed enterprises. Based on this list and its data, people can understand the latest development trends of China's largest enterprises. FORTUNE.com has also released the English version of the list globally in sync. This year, the total revenue of the 500 companies on the list is approximately three-quarters of China's GDP for the year.

212 | XCMG Construction Machinery Co., Ltd.

Revenue (USD millions): 12,739

XCMG's further rise this time is a concentrated reflection of the results of its long-term commitment to innovation-driven development and deep cultivation of the global market strategy.

In 2024, XCMG Machinery delivered outstanding performance, with total operating revenue of 91.66 billion yuan. Overseas revenue reached 41.687 billion yuan, up 12% year on year, accounting for 45.48% of revenue and setting a new historical high.

In the first quarter of 2025, XCMG Machinery continued its growth momentum, with operating revenue of 26.815 billion yuan. Major indicators such as operating revenue, net profit, and cash flow grew steadily, operating performance led the industry, and the dividends of reform were gradually released.

As a representative of Chinese brands, XCMG has been included in the World's 500 Most Influential Brands for six consecutive years and currently ranks 379th; in the recently released China's 500 Most Valuable Brands, XCMG ranked 62nd overall with a brand value of 139.859 billion yuan, both ranking first in the industry.

Fortune 500 list

Fortune Magazine was founded in 1930 and launched the Global 500 ranking in 1954, becoming a focus of attention in the economic world with enormous influence. Since 2023, the Fortune China 500 has entered a new stage, opening applications to both listed and non-listed enterprises. Based on this list and its data, people can understand the latest development trends of China's largest enterprises.