# XCMG Machinery Reports 11.75% Revenue Growth in H1 2026, Reinforcing Innovation and Operational Resilience

- Link: https://www.thailand-business-news.com/pr-news/xcmg-machinery-reports-11-75-revenue-growth-in-h1-2026-reinforcing-innovation-and-operational-resilience
- Published: 2026-09-09T09:20:00+07:00
- Author: PR Newswire

Overseas revenue exceeds 50% of total for the first time as R&D investment rises
25.07%

XUZHOU, China, Sept. 9, 2026 /PRNewswire/ — XCMG Machinery (SHE: 000425) has released
its financial results for the first half of 2026, reporting revenue of RMB 61.25
billion (approximately USD 9.03 billion), up 11.75% year-over-year.

 [⌊XCMG Machinery's 2026 Half-Year Report⌉](https://mmx.prnasia.com/media/MS1984387/20260908215239EDT_image_1.jpg?id=OA2937616&p=medium600)

XCMG Machinery’s 2026 Half-Year Report

Overseas revenue rose 21.03% to RMB 30.92 billion (approximately USD 4.56 billion),
exceeding 50% of total revenue for the first time. The results reflect continued
improvement in XCMG’s revenue structure, supported by growth across its core businesses,
emerging product segments and global operations.

Key performance highlights include:

 ◦ **Profitability: **Net profit attributable to shareholders of the parent company
   totaled RMB 3.96 billion (approximately USD 584 million). Gross margin reached
   22.12%, up 0.09 percentage points year-over-year.
 ◦ **Core businesses: **Revenue from lifting machinery and earthmoving machinery
   increased 20.37% and 27.80%, respectively. The first main unit of the world’s
   first 14,000-ton ring crane, jointly developed by XCMG and Sinopec Heavy Lifting&
   Transportation Co., Ltd., recently rolled off the production line, highlighting
   XCMG’s capabilities in high-end equipment.
 ◦ **Innovation: **R&D investment increased 25.07% to RMB 3.30 billion (approximately
   USD 486 million), with a focus on new energy, intelligent technologies and core
   components.
 ◦ **Emerging businesses: **Revenue from new energy products approached RMB 10 billion(
   approximately USD 1.5 billion), up 25.82%. Revenue from L2-and-above intelligent
   products also approached RMB 10 billion, increasing 25.48%, while intelligent
   product revenue in the open-pit mining machinery segment rose 406.49%.

XCMG now operates more than 60 overseas subsidiaries. During the first half of 2026,
it established new trading subsidiaries in France and Nigeria. Its new energy manufacturing
base in Indonesia entered production, while its Brazil plant was included in China’s
first group of overseas smart factories, marking further progress from overseas 
sales toward localized manufacturing.

The company’s global network also includes more than 300 overseas dealers and over
2,000 service and spare parts outlets. Construction of overhaul centers in Indonesia
and Simandou, Africa, is progressing as planned, further strengthening XCMG’s overseas
aftermarket service capabilities.

Taken together, these results underscore XCMG’s continued focus on innovation, operational
resilience and long-term value creation.

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