XCMG Saw Net Profits Jump During the First Eleven Months of 2018

XCMG saw an 80% year-on-year profits increase of 100 billion yuan (US$14.56 billion) through January to November 2018. With a 10% higher growth in product sales than the industry average, XCMG kept retaining the position of the NO.1 construction machinery manufacturer for the 29th year in a row.

XCMG's advanced and endurable products including cranes, excavators, loaders, land levelers, rotary drilling rigs has been involved in several siginificant construction projects in 2018. The Hong Kong-Zhuhai-Macao crossing, for example, the world's longest sea crossing,opened in October. During its nine years' construction, XCMG has provided lots of equipments, including aerial work platforms, crawler cranes, truck-mounted cranes, pump trucks and concrete mixing stations.

Dedicated to transform traditional manufacturing to digital, XCMG has made intelligent manufacturing breakthroughs in 2018. "XCMG continues to increase investment, expand global R&D to achieve breakthroughs in core technologies. Competition in the construction machinery industry is fierce, and XCMG must be ready to overcome challenges at any time." noted Wang Min, chairman and CEO of XCMG.

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