{"id":11823,"date":"2022-09-15T03:30:00","date_gmt":"2022-09-15T03:30:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3872676_AE72676_0"},"modified":"2022-09-15T03:30:00","modified_gmt":"2022-09-15T03:30:00","slug":"with-growing-brand-value-and-influence-xcmgs-export-revenue-in-first-half-of-2022-marks-over-157-growth-year-on-year","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=11823","title":{"rendered":"With Growing Brand Value and Influence, XCMG’s Export Revenue in First Half of 2022 Marks Over 157% Growth Year-on-year"},"content":{"rendered":"

XUZHOU, China<\/span>, Sept. 15, 2022<\/span> \/PRNewswire\/ — XCMG<\/a> Construction Machinery Co., Ltd. (SHE:000425) reported 38.204 billion yuan<\/span> (US$ 5.52 billion<\/span>) in first-half revenue of as of June 30<\/span>, a 28.23 percent decrease year-on-year on a smaller drop compared to the industry average. XCMG’s revenue from export amounted to 12.488 billion yuan<\/span> (US$ 1.8 billion<\/span>), a 157.28 percent increase year-on-year.<\/p>\n

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\"With<\/a>
With Growing Brand Value and Influence, XCMG\u2019s Export Revenue in First Half of 2022 Marks Over 157% Growth Year-on-year.<\/span><\/p>\n<\/p><\/div>\n

Per the simulated financial statements after the completion of material assets reorganization, “New XCMG” ranks No.1 in China’s<\/span> construction machinery industry in terms of total revenue and net profit. In addition, XCMG’s interim dividend plan has a proposed dividend of 2.3 yuan<\/span> per 10 shares (tax included).<\/p>\n

After five years of rapid growth, the construction machinery industry has shown a downward trend starting from Q2 of 2021 that continued to this day, and China’s<\/span> domestic market is going through a cyclical adjustment. Facing the challenges, XCMG has mapped a new industry layout of “5 pillars and 10 emerging strategic industries” with a continuous focus on primary businesses:<\/p>\n