Since foundation in March 1989, XCMG has always kept its vanguard role in Chinese construction machinery industry for 24 years. At present, it ranks 5th in world construction machinery industry, 122nd among Top 500 Chinese enterprises, 49th among Top 100 enterprises in Chinese manufacturing industry, and 2th among Top 100 enterprises in Chinese machine-building industry, being a large enterprise group with the largest scale, the most complete product type and series, and the highest competitiveness and influence in Chinese construction machinery industry. XCMG’s annual revenue exceeded RMB 100 billion in 2012, up from RMB 386 million at the time of foundation, keeping its first place in the industry.
