XCMG Maintains Its Position Among World's Top Construction Equipment Manufacturers in 2026

XCMG Ranks Third Globally in 2026 Yellow Table

XCMG Machinery, a leading player in the construction equipment sector, has once again earned the distinction of ranking third among global manufacturers. According to the Yellow Table 2026 published by KHL Group's International Construction magazine, this ranking is based on the company's impressive sales revenues. In the past year, XCMG reported sales amounting to approximately $14.2 billion, capturing a market share of 5.8%, making it the highest-ranked Chinese firm on the list and the only one in the top five.

Leadership Perspective

Yang Dongsheng, the President of XCMG Group, expressed pride in the company’s sustained top-three ranking among construction equipment manufacturers. He emphasized that their consistent global market presence and strategic long-term planning have been fundamental to achieving this milestone. Yang's statement noted, "Our exceptional performance in 2025 opens a new chapter as we are set to deepen international collaborations, fast-track transitions to eco-friendly and intelligent machinery, and deliver lasting value to our partners and the global industry."

Financial Growth and Revenue

According to XCMG’s recent annual report published on April 28, the company recorded strong financial growth in 2025, achieving operational revenues of 100.823 billion RMB, representing an annual increase of 8.37%. The momentum continued into 2026's first quarter, where revenue reached 29.791 billion RMB, marking a 9.26% year-on-year improvement.

International operations have played a pivotal role in XCMG's growth narrative, with foreign earnings surging by 16.58% year-on-year to 48.599 billion RMB, accounting for nearly half (48.20%) of the company's total revenue—a notable increase of 3.39 percentage points compared to the previous year. In contrast, domestic revenues experienced slight stability at 52.224 billion RMB, reflecting a modest rise of 1.70%.

XCMG reported a net profit of 6.572 billion RMB (+8.96% year-on-year) for the parent company, and an adjusted net profit reached 6.550 billion RMB, showcasing a robust annual increase of 13.68%. The first quarter of 2026 further demonstrated stability with net profits of 2.056 billion RMB and an adjusted net profit of 2.024 billion RMB.

The company also celebrated a remarkable operational cash flow of 14.142 billion RMB in 2025, which represented a staggering 148.42% increase year-on-year. In the first quarter of 2026, cash flow stood at 2.152 billion RMB, recording a growth of 153.12% year-on-year. XCMG's gross margin was reported at 22.61% with a slight increase of 0.04%, alongside a return on equity of 11.00%, up by 0.63%.

Sustainable Product Growth

XCMG showed consistent growth across its main product categories in 2025, and its focus on sustainable innovation led to renewable energy revenue of 13.300 billion RMB, an impressive year-on-year increase of 23.6%. Traditional segments maintained stability, with earth-moving machinery generating 30.131 billion RMB and lifting equipment contributing 20.983 billion RMB. Emergent segments steadily expanded, particularly the mining machinery division, which reported revenues of 9.377 billion RMB.

The commitment to global presence continues with XCMG's dedication to developing eco-friendly and intelligent equipment while reinforcing a manufacturing ecosystem driven by digital transformation and IoT technology. By continually refining their product lineup and service reach, XCMG aims to ensure premier support for its clients and partners worldwide.

XCMG Machinery

This commitment and performance showcase XCMG’s role as a key player not only in China but also in the global construction machinery market, solidifying its legacy and paving the way for future growth.