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Empowering New Industrialization, XCMG Machinery's 2024 Annual Report Highlights High-Quality Development
XCMG Machinery ("XCMG", SHE:000425), a global leader in construction machinery, has published its 2024 Annual Report, showing strong performance with net profit attributable to shareholders reaching CNY 5.976 billion (USD 821.866 million), a 12.2 percent increase year-on-year. The total revenue remains stable at CNY 91.66 billion (USD 12.61 billion).
About this update from Xcmg Construction Machinery Co., Ltd. Class A
[{"type":"text","content":"XUZHOU, China, May 13, 2025 /PRNewswire/ -- XCMG Machinery ("XCMG", SHE:000425), a global leader in construction machinery, has published its 2024 Annual Report, showing strong performance with net profit attributable to shareholders reaching CNY 5.976 billion (USD 821.866 million), a 12.2 percent increase year-on-year. The total revenue remains stable at CNY 91.66 billion (USD 12.61 billion).","length":406,"tagName":"p"},{"type":"image","alt":"Empowering New Industrialization, XCMG Machinery’s 2024 Annual Report Highlights High-Quality Development (PRNewsfoto/XCMG Machinery)","displaySize":"","headline":null,"caption":"Empowering New Industrialization, XCMG Machinery’s 2024 Annual Report Highlights High-Quality Development (PRNewsfoto/XCMG Machinery)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":225,"url":"https://media.zenfs.com/en/prnewswire.com/ab4267d992b123676ebec5d70bb3ce51"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/lwCjGXaXeMsVY65vbf0GbQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/ab4267d992b123676ebec5d70bb3ce51","width":400,"height":225}},"href":"https://mma.prnewswire.com/media/2686026/Empowering_New_Industrialization__XCMG_Machinery_s_2024_Annual_Report_Highlights_High_Quality_Develo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"XCMG continues to maintain a leading position in China's construction machinery industry. Its non-deductible net profit reached CNY 5.762 billion (USD 792,435 million), up 28.14% year-on-year. The group's gross profit margin and net profit margin show continuous improvement with a significant increase in operating cash flow of 60.18 percent year-on-year to reach CNY 5.720 billion (USD 786,660 million). The net sales margin also increased by 0.89 percent year-on-year to 6.53 percent in 2024.","length":503,"tagName":"p"},{"type":"text","content":"The proportion of overseas revenue has continued to grow. In 2024, the overseas revenue reached CNY 41.687 billion (USD 5.73 billion), marking a 12 percent increase year-on-year and accounting for 45.48 percent of the total revenue.","length":232,"tagName":"p"},{"type":"text","content":"XCMG's R&D investment is up 11.1 percent in 2024 with an investment of about CNY 5.6 billion (USD 772.8 million)...
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