According to XCMG, in 2010, XCMG’s operating income exceeded RMB 66 billion, a year-on-year increase of more than 30%, and its profit increased by more than 50% year-on-year, achieving a sound and rapid development. It has maintained its leading position in the construction machinery industry for 22 consecutive years. In 2009, XCMG Group had entered the top 10 of the world's construction machinery, and achieved RMB 66 billion this time, which not only continued to consolidate the top position in the construction machinery industry, but also ranked in the international ranking, marking China's construction machinery The comprehensive competitiveness of enterprises has entered the international advanced ranks. In the 12th Five-Year Plan of Xugong Group, it has been clearly stated that the business scale in 2012 will exceed 100 billion yuan.
XCMG Group actively faced the rapid turbulence in domestic and foreign markets, seized the opportunity of the state to increase investment and investment in regional economic planning, vigorously changed the mode of operation and growth model, and constantly accelerated the pace of industrial upgrading, achieving a net annual increase in scale for four consecutive years. 10 billion yuan, profit and tax tripled "Xugong speed." In 2010, Xugong Group ranked the first in China in terms of market share for nine types of construction machinery mainframes and three types of basic components. The sales volume of truck cranes continued to rank first in the world, sales of excavators increased by 317%, sales of pavers increased by 149 percent, and sales of concrete pumping equipments were up. With an increase of 162%, the sales volume of tracked cranes increased by 120%, and the sales of main engines and parts such as road rollers, loaders, graders, truck-mounted cranes, and small construction machinery all increased significantly.
XCMG has increased investment in technology, management, manufacturing, and internationalization, with bright spots and rising levels. With a total investment of 5 billion yuan, the foundation of Xugong’s large-tonnage crane industry base will be built and a world-class industrial base with an annual output of more than 10,000 sets of cranes will be built; the total investment of 730 million yuan will be the foundation for the construction of the Xuzhou Engineering Machinery Research Institute of Jiangsu Province; Xugong Doosan Joint Venture Engine companies were put into production. In 2010, Xugong had 11 scientific and technological innovation achievements won the China Machinery Industry Science and Technology Progress Award. The total number of winners in the industry ranked first, among which the QAY500 all-terrain crane won the first prize. Self-developed domestic 2,000-ton crawler crane with the largest tonnage product, 1000-ton class all-terrain crane with the highest technological content, the international advanced level, the fourth-generation road machinery product with the most complete set, and the highest 88-meter-high platform for fire protection in Asia Cars, the country’s largest 12-ton wheel loader, intelligentized modern ET110 walking excavators, and state-of-the-art hybrid power loaders have been launched on the market. XCMG was awarded the "National Innovative Pilot Enterprise" by the Ministry of Science and Technology, and was awarded the "Model Integration Enterprise" by the National Ministry of Industry and Information Technology. Xugong Machinery completed the targeted issuance of A-shares, and the RMB 5 billion financing was successfully completed. The H-share listing plan has also started.
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