XUZHOU, China, Could 8, 2023 /CNW/ — XCMG Equipment (“XCMG”, SHE:000425), a worldwide chief in building equipment, just lately revealed its 2022 Annual Report, displaying robust efficiency with complete income of 93.817 billion yuan and web revenue attributable to shareholders of 4.307 billion yuan. The corporate’s development is the very best amongst Chinese language building producers, demonstrating resilience in a interval of post-pandemic adjustment.
XCMG, recognized for high-quality excavation and mining equipment property, achieved the best home return on fairness at 8.13 p.c in 2022. “As a globally main supplier of building equipment and sustainable improvement options, XCMG is ready to consolidate our strategic benefits by the financial slowdown that affects the trade, prioritizing technological innovation and internationalization in our strategic roadmap to develop with resiliency,” mentioned Yang Dongsheng, Chairman of XCMG.
The primary quarter of 2023 noticed continued success, with income of 23.9 billion yuan, amongst which internationalization income exceeded 10.6 billion yuan, setting a report within the historical past of a single quarter and accounting for 45% of working income.
Technological Innovation Driving Progress
XCMG invested 5.75 billion yuan in R&D in 2022, a 6.13 p.c enhance from the earlier yr. The corporate has a devoted R&D workforce of 5,767 staff, accounting for 21 p.c of its complete workers.
By the top of 2022, XCMG held 9,742 legally licensed patents, together with 2,458 innovation patents and 183 abroad patents. The corporate has obtained over 20 China patent awards. A number of main tools merchandise developed independently by XCMG have crammed gaps within the Chinese language market, positioning the corporate as a pacesetter in high-end manufacturing.
Sturdy Progress in Abroad Markets
In 2022, XCMG’s abroad income reached 27.838 billion yuan, whereas export revenue totalled 21.63 billion yuan, marking a 70.5 p.c enhance. The corporate’s worldwide gross revenue margin stood at 22.33 p.c, surpassing the 19.32 p.c margin within the home market.
XCMG exports to 191 international locations and areas, with a market share enhance of two.42 p.c. All eight areas of Asia-Pacific, Center Asia, Africa, North America, Europe, West Asia and North Africa, Oceania, and South America, wherein the corporate operates skilled vital development in 2022. Worldwide subsidiaries additionally carried out nicely, with vital income will increase in Brazil (86.35 p.c) and XCMG Schwing (30.33 p.c) and the development of manufacturing capability in India in its first yr of operation.
To help its know-how improvement and worldwide methods, XCMG established world R&D hubs.
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SOURCE XCMG Equipment
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