On April 27, XCMG released its first quarterly report for 2018. During the period, the Company realized operating income of RMB 10.784 billion yuan, with a year-on-year growth of 79.79%, creating a record high in its single-quarter revenue. The net profit attributable to shareholders of listed companies was RMB 519 million yuan, with an increase of 157.39% compared with the same period last year.
XCA1200 all terrain crane
04 The “First Excavator in China”—700-ton hydraulic excavator was successfully developed and produced, breaking the international monopoly at one stroke.
The product has 52 independent patented technologies, and the cylinder, slewing ring, and large-scale structural parts are completely self-supporting, which marks that China has become the fourth country after Germany, Japan and the United States to develop a700-ton hydraulic excavator.
China exports the largest tonnage all terrain crane QAY650
GR3505 high horsepower grader exports to Australia
Securities analysts believe that benefiting from the continued prosperity of the engineering machinery industry, XCMG’s performance in the first quarter exceeded its expectations, and its product lines grew at a rapid rate. The Group’s income scale continued to be the highest in the country, and the excavator business experienced rapid growth, and the market share continued to increase. As the Chinese engineering machinery company that is closest to the top five in the world, XCMG is expected to continue its growth beyond expectations.