XCMG Secures Third Position in Global Construction Equipment Ranking Again in KHL Group's 2026 Yellow Table
XUZHOU, China – On May 3, 2026, XCMG Machinery (SHE: 000425) announced that it has once again secured the coveted third position among global manufacturers of construction equipment in the Yellow Table 2026, which is published by the KHL Group’s International Construction magazine. The company reported an impressive revenue of approximately $14.2 billion, accounting for a significant market share of 5.8%. This accomplishment highlights XCMG’s leading role, being the highest-ranked Chinese firm in this competitive field, and the only Chinese manufacturer to be featured in the top five worldwide.
Yang Dongsheng, the chairman of XCMG and XCMG Machinery, acknowledged this achievement as a testament to the company's robust global presence and enduring strategy. He expressed optimism regarding the future, stating, “Our consistent ranking among the top three global manufacturers of construction equipment reflects our strong global footprint and long-term strategy. This solid performance in 2025 marks a new chapter for us, and we are now set to deepen our international collaborations, hasten the shift towards smart and green machinery, and deliver sustainable value to our partners and the global industry.”
XCMG's annual report, released on April 28, underscores a solid growth trajectory for 2025. The company recorded an operational revenue increase to 100.823 billion RMB, up by 8.37% year-on-year, and maintained a positive growth momentum into the first quarter of 2026. By the end of March 2026, XCMG's revenue reached 29.791 billion RMB, reflecting a year-on-year increase of 9.26%.
International operations have emerged as the key driving force behind XCMG's growth. In 2025, international revenues surged by 16.58% year-on-year, totaling 48.599 billion RMB, which constituted nearly half (48.20%) of the company's total financial outturn, and represented an increase of 3.39 percentage points from the previous year. Meanwhile, domestic revenues remained stable at 52.224 billion RMB, reflecting a modest growth of 1.70%.
During 2025, XCMG also announced a net profit attributable to its parent company amounting to 6.572 billion RMB, registering an increase of 8.96% year-on-year. Adjusted net profit stood at 6.550 billion RMB, reflecting a substantial year-on-year rise of 13.68%. In the first quarter of 2026, profitability remained consistent, with net and adjusted net profits reaching 2.056 billion RMB and 2.024 billion RMB, respectively.
Moreover, the company reported an operating cash flow of 14.142 billion RMB for 2025, which marked a dramatic increase of 148.42% year-on-year. The first quarter of 2026 saw operating cash flow rise to 2.152 billion RMB, a year-on-year growth of 153.12%. Furthermore, XCMG achieved a gross margin of 22.61%, reflecting a slight increase of 0.04 percentage points, and a return on equity of 11.00%, which signifies a rise of 0.63 percentage points.
In terms of product categories, XCMG maintained steady growth across its primary lines. The company’s commitment to sustainable innovation led to revenues from new energy segments rising to 13.30 billion RMB, marking a 23.6% year-on-year increase. Concurrently, traditional segments remained robust, with earthmoving equipment generating 30.131 billion RMB and lifting equipment contributing 20.983 billion RMB. Emerging segments continued to grow steadily, especially in the mining machinery division, which posted revenues of 9.377 billion RMB.
XCMG is dedicated to enhancing its global presence by advancing green and smart equipment and fostering a manufacturing ecosystem driven by digital transformation and industrial IoT. By continuously optimizing its product portfolio and service offerings, XCMG is ensuring superior support for its clients and partners worldwide.
For further details and imagery related to this release, please visit: XCMG Media
Yang Dongsheng, the chairman of XCMG and XCMG Machinery, acknowledged this achievement as a testament to the company's robust global presence and enduring strategy. He expressed optimism regarding the future, stating, “Our consistent ranking among the top three global manufacturers of construction equipment reflects our strong global footprint and long-term strategy. This solid performance in 2025 marks a new chapter for us, and we are now set to deepen our international collaborations, hasten the shift towards smart and green machinery, and deliver sustainable value to our partners and the global industry.”
XCMG's annual report, released on April 28, underscores a solid growth trajectory for 2025. The company recorded an operational revenue increase to 100.823 billion RMB, up by 8.37% year-on-year, and maintained a positive growth momentum into the first quarter of 2026. By the end of March 2026, XCMG's revenue reached 29.791 billion RMB, reflecting a year-on-year increase of 9.26%.
International operations have emerged as the key driving force behind XCMG's growth. In 2025, international revenues surged by 16.58% year-on-year, totaling 48.599 billion RMB, which constituted nearly half (48.20%) of the company's total financial outturn, and represented an increase of 3.39 percentage points from the previous year. Meanwhile, domestic revenues remained stable at 52.224 billion RMB, reflecting a modest growth of 1.70%.
During 2025, XCMG also announced a net profit attributable to its parent company amounting to 6.572 billion RMB, registering an increase of 8.96% year-on-year. Adjusted net profit stood at 6.550 billion RMB, reflecting a substantial year-on-year rise of 13.68%. In the first quarter of 2026, profitability remained consistent, with net and adjusted net profits reaching 2.056 billion RMB and 2.024 billion RMB, respectively.
Moreover, the company reported an operating cash flow of 14.142 billion RMB for 2025, which marked a dramatic increase of 148.42% year-on-year. The first quarter of 2026 saw operating cash flow rise to 2.152 billion RMB, a year-on-year growth of 153.12%. Furthermore, XCMG achieved a gross margin of 22.61%, reflecting a slight increase of 0.04 percentage points, and a return on equity of 11.00%, which signifies a rise of 0.63 percentage points.
In terms of product categories, XCMG maintained steady growth across its primary lines. The company’s commitment to sustainable innovation led to revenues from new energy segments rising to 13.30 billion RMB, marking a 23.6% year-on-year increase. Concurrently, traditional segments remained robust, with earthmoving equipment generating 30.131 billion RMB and lifting equipment contributing 20.983 billion RMB. Emerging segments continued to grow steadily, especially in the mining machinery division, which posted revenues of 9.377 billion RMB.
XCMG is dedicated to enhancing its global presence by advancing green and smart equipment and fostering a manufacturing ecosystem driven by digital transformation and industrial IoT. By continuously optimizing its product portfolio and service offerings, XCMG is ensuring superior support for its clients and partners worldwide.
For further details and imagery related to this release, please visit: XCMG Media
Topics Heavy Industry & Manufacturing）
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