Historical highs in sales and profits thanks to technological breakthroughs and sustainable growth at XCMG
XCMG Machinery (She: 000425) published his annual report for the first half of 2025 and achieved a record turnover of 54.81 billion RMB (7.69 billion USD) – which corresponds to an increase of 8.04 % compared to the previous year – as well as a double -digit growth in net profit. The company is still a leader in the Chinese construction machinery industry and at the same time strengthens its global range and innovation -oriented strategy.
In the first half of 2025, XCMG recorded an abroad of 25.55 billion RMB (USD 3.58 billion), which corresponds to an increase of 16.64 % compared to the previous year and increases the share of foreign sales to 46.61 %. This growth reflects the company’s continuous internationalization efforts: the global share of sales increased continuously from 29.07 % in 2022 to today.
The most important growth strikers include:
- a steep increase of 33.23 % in the aftermarket services;
- an increase of 13.25 % in strategic emerging countries;
- a sales jump of 41.44 % in high-end products;
- And the net profit that can be attributed to shareholders, which climbed to 4.36 billion RMB ($ 611.43 million), which corresponds to an increase of 16.63 %, whereby the core net profit rose impressive 35.57 % – the two key figures are all -time highs.
There were also significant improvements with the profitability indicators. The gross margin rose by 0.7 percentage points to 22.03 %, while the net profit margin increased to 8.06 %. The operative cash flow has more than doubled and reached 3.73 billion RMB ($ 523.08 million), which underlines the company’s high operational quality and financial discipline.
XCMG continues to reinvest profits in order to secure future growth, with expenditure for research and development compared to the previous year increasing by more than 5 % to 2.64 billion RMB ($ 370.22 million). The company accelerates innovation for new energy technologies, uses advanced test platforms and attracts top forces for electrification and intelligent systems worldwide.
The “1+6+N” innovation framework has led to tangible results, from mass production itself developed by CTV battery systems to breakthroughs in ultra-high-voltage power supply systems, highly integrated heat management and highly efficient silicon carbide technologies.
In the meantime, XCMG establishes a AI-controlled transformation, identifies high-quality application scenarios, carries out eight AI pilot projects and builds up a scalable frame for intelligent production and operation. In the first half of the year, the company secured 218 new patents of invention and 45 foreign spatents, which increases the entire patent portfolio to over 12,000 patents.
The mining equipment sector, an important “second growth curve”, is expanding strongly. The highlights include the use of 100 autonomous electric trucks in the Huaneng Yimin-Bauenbau and the alignment of a global summit for carbon-free mining with participants from over 30 countries. Partnerships with leading companies such as BHP and Rio Tinto strengthen the growing global role of the company.
You can find more information on www.xcmgglobal.com.
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