With an annual revenue of $15.1 billion, leading Chinese construction machinery 
manufacturer XCMG (SHE:000425) has moved up to a historic third place in the 
Yellow Table 2021 ranking of the world's top 50 construction equipment 
manufacturers released by British publisher KHL Group, the highest-ranking 
company among Chinese manufacturers.

In 2020, the total revenue of Chinese companies recorded significant growth, 
contributing $191.5 billion to global OEM sales which accounted for more than 
20 percent for the first time, with China overtaking the United States as the 
number one construction equipment manufacturing power in the world.

"Although China's 'super large-scale market' has brought huge development 
opportunities to the Chinese construction machinery industry, in the long run, 
China's integration into the global market is an irreversible trend. As China 
continues to strengthen its position in the global economic arena, our 
equipment manufacturing industry will see significant growth on a global 
scale," said Wang Min, chairman and CEO of XCMG.

China's construction machinery manufacturers have achieved major breakthroughs 
in product and technological innovations, with high-end, large-scale and 
intelligent equipment products springing up one after another – not only 
leading the trends across Chinese and global construction industry, but also 
serving as major forces in many key construction projects. This growing product 
competitiveness is enabling Chinese construction equipment to substitute 
imported products across the board.

Leading technology, ongoing exploration 

XCMG's leading crane and excavator products are selling strongly in the 
international market. It has sold tens of units of the 1,600-ton all-terrain 
crane, and large-tonnage products are especially in short supply. XCMG's latest 
layout of harbor machinery is accelerating market development, while a series 
of industrial and new infrastructure projects such as precision casting, 
high-end hydraulic valves, concrete machinery and maintenance machinery are 
being carried out successively.

XCMG's globally collaborative R&D system has conquered key technologies to 
contribute many "firsts" – the world's largest crawler crane XGC88000, "mining 
giant" 700-ton hydraulic excavator, ultra-class wheel loader XC9350, as well as 
more than 100 units of major equipment. 

To embrace the digital age and better serve customers, XCMG has promoted 
digital, intelligent and unmanned transformation and upgrading. It has launched 
the key digital product XCMG-Global Service System (X-GSS) to provide accurate, 
value-added and satisfactory maintenance support for global customers.

As of now, XCMG owns more than 7,500 authorized patents, more than 1,700 
patents for invention and 81 PCT international patents, and it has set four 
international standards.

Promoting mutual benefits across the entire industry chain 

Thanks to Chinese government's strong and efficient control of the COVID-19 
pandemic and the quick recovery of the nation's economy, the Chinese 
construction machinery industry has performed outstandingly in the global 
market.

During the early COVID-19 outbreak in 2020, XCMG has led production resumption 
upstream and downstream of the industry chain to ensure timely delivery of 
products. It has optimized the industrial chain to attract a large number of 
companies to be part of the supply chain and market system.

XCMG always adheres to the "four-in-one" value with suppliers, distributors and 
customers, working hand-in-hand to promote product R&D, technological 
innovation, production improvement and more to achieve mutual benefits for all 
parties. It has led more than 60 enterprises and research institutions to 
establish the first strategic alliance of industrial technology innovation in 
construction machinery industry. The "Hanyun" Industrial Internet Platform now 
connects more than 800,000 units of equipment, managing asserts totaling 
US$93.25 billion and covers more than 20 countries along the "Belt and Road" 
Initiative. 

About XCMG

XCMG is a multinational heavy machinery manufacturing company with a history of 
78 years. It currently ranks fourth in the world's construction machinery 
industry. The company exports to more than 187 countries and regions around the 
world.

For more information, please visit: www.xcmg.com, or XCMG pages on Facebook( 
https://c212.net/c/link/?t=0&l=en&o=3161083-1&h=718471646&u=https%3A%2F%2Fwww.facebook.com%2FXCMGGroup&a=Facebook), 
Twitter( 
https://c212.net/c/link/?t=0&l=en&o=3161083-1&h=3632881991&u=https%3A%2F%2Ftwitter.com%2FXCMGGroup&a=Twitter), 
YouTube( 
https://c212.net/c/link/?t=0&l=en&o=3161083-1&h=811728388&u=https%3A%2F%2Fwww.youtube.com%2Fuser%2FXCMGgroup&a=YouTube), 
LinkedIn( 
https://c212.net/c/link/?t=0&l=en&o=3161083-1&h=332859091&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fxcmg-imp-%26-exp-co-ltd%3Freport%25252Esuccess%3DKJ_KkFGTDCfMt-A7wV3Fn9Yvgwr02Kd6AZHGx4bQCDiP6-2rfP2oxyVoEQiPrcAQ7Bf&a=LinkedIn) 
and Instagram( 
https://c212.net/c/link/?t=0&l=en&o=3161083-1&h=752490822&u=https%3A%2F%2Fwww.instagram.com%2Fxcmggroup%2F&a=Instagram).


Source: XCMG 


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   Caption: XCMG Makes Global Top Three on KHL's Yellow Table 2021 for the 
First Time