This is an update of the profile of XCMG that was published in December 2021. In the light of the integration of all its construction equipment lines into the public company, which was finalised in August 2022, the company has seen significant changes in its business structure, and its performance has also been influenced by the latest market trends. As a result, it is thought necessary to present an update of its last profile.
In Chinese, XCMG is usually abbreviated to Xugong, with ‘Xu’ representing Xuzhou, the hometown of the manufacturer, and ‘gong’ referring to construction machinery. In this English report, however, XCMG is used to define the company, its subsidiaries, and the brand of its products wherever it is possible and reasonable to do so in order to help the reading’s understanding.
To assist the reader, it is still thought necessary to clarify the names of the three key entities at different levels, while XCMG Limited no longer exists.
XCMG refers to the Xuzhou Construction Machinery Group, which is the ultimate holding body of all the business lines under its control, and the brand for all its products.
XCMG Limited was controlled by XCMG and shared by a number of other investors. It used to be the direct parent of the listed company that offers public shares on the Shenzhen Stock Exchange, but has been eliminated through the recent reforms, with all its entities being integrated into the listed company.
XCMG CM, or XCMG Construction Machinery, once called XCMG Science and
Technology (XCMG S&T), is the listed company on the Shenzhen Stock Exchange.
It now holds all the construction equipment product lines of XCMG
Chinese Company Profile: XCMG
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Chinese Company Profile