XCMG Achieves Third Place in Global Construction Equipment Rankings for 2026

XCMG Maintains Global Impact in Construction Industry

XCMG Machinery Co., Ltd., a prominent player in the construction equipment sector, has solidified its reputation by once again being recognized as the third largest construction equipment manufacturer globally, as reported in KHL Group's 2026 Yellow Table. This accolade is based on XCMG's impressive sales revenue, which reached approximately USD 14.2 billion, entrenching a 5.8% market share. Notably, XCMG stands out as the highest-ranking Chinese firm within this prestigious listing, reflecting not only its growth in sales but also its strategic positioning in the international market.

Chairman Yang Dongsheng of XCMG expressed pride in this achievement, stating, "Our consistent ranking among the top three construction equipment manufacturers worldwide demonstrates our strong global presence and our commitment to long-term strategic goals." The results emphasize XCMG's robust sales performance, particularly during the year 2025, marking a shift towards more sustainable and intelligent machinery, which resonates with global industry trends.

Growth Overview in 2025

According to XCMG's annual report released on April 28, 2026, the company demonstrated solid growth in 2025 with an operating revenue of RMB 100.823 billion, up by 8.37% year-over-year. The first quarter of 2026 has shown continued momentum, with revenues amounting to RMB 29.791 billion, indicating a 9.26% increase from the previous year. Such growth underscores the effectiveness of XCMG's strategies, particularly in international markets.

International operations emerged as a major contributor to XCMG's success, with overseas sales data reflecting a remarkable surge of 16.58% year-over-year. In total, international revenues for 2025 reached RMB 48.599 billion, accounting for nearly half (48.20%) of XCMG’s total revenue, showcasing a significant rise from the prior year. Meanwhile, domestic revenue also posted a steady increase, remaining fairly stable at RMB 52.224 billion, with a modest rise of 1.70%.

Financial Performance

XCMG reported a parent company net profit of RMB 6.572 billion, which marks an increase of 8.96% year-over-year. The adjusted parent company net profit, an important metric for understanding operational efficiency, rose by 13.68% to RMB 6.550 billion. Furthermore, profitability dynamics remained favorable in the first quarter of 2026, bolstering confidence among stakeholders and partners. The gross margin reported was 22.61%, showing a slight uplift of 0.04 percentage points. Additionally, return on equity increased to 11.00%, a rise of 0.63 percentage points from the previous year, signifying enhanced shareholder value.

Among various product segments, XCMG's commitment to innovation has led to a notable revenue contribution from its new-energy initiatives, amounting to RMB 13.30 billion, marking a significant 23.6% year-over-year increase. Traditional core segments such as earthmoving machinery and hoisting equipment delivered steady revenues of RMB 30.131 billion and RMB 20.983 billion, respectively. Moreover, the mining machinery sector has also reported a healthy growth, generating RMB 9.377 billion in revenue during 2025.

Future Directions

Looking forward, XCMG is dedicated to enhancing its global reach and advancing its technological capabilities, particularly in green and intelligent equipment sectors. The company’s commitment is highlighted by its focus on digital transformation and integration of advanced manufacturing ecosystems powered by the Internet of Things (IoT). This strategic direction aims to refine the product portfolio and expand service offerings, ultimately ensuring that XCMG remains a world-class partner and provider in the industry.

In conclusion, XCMG's resilience within the competitive landscape of construction equipment manufacturing is evident. The company's strategic moves toward international growth and innovative sustainability practices set a formidable precedent for the industry's future while continuing to deliver outstanding value to its customers and partners around the globe.