XCMG's predecessor was established in 1943 and was restructured in July 1989. XCMG has always been the leader of China's construction machinery industry. At present, XCMG ranks in the Top 5 in the global construction machinery industry, 123rd of Top 500 enterprise in China, and 53rd of Top 500 manufacturing industry in China.XCMG is a large-scale enterprise group in China's construction machinery industry, with the largest scale and most diverse series of products. 
The annual operating income of XCMG has increased to 87billion in 2011 from 386 million Yuan since its foundation, ranking Top 1 in China's construction machinery industry. 
XCMG has established an R&D system with the National Level Technology Center and Jiangsu Xuzhou Construction Machinery Institute. XCMG Technology Center ranks first in construction machinery industry in the evaluation of national enterprise technology centers, and was awarded the "National Technology Center Achievement Award". XCMG establishes marketing network covering China, and has more than 280 XCMG agents abroad providing omni-directional services for global users. The products of XCMG have been sold to over 159countries and regions all over the world. Market shares consisting of 9 kinds of main machines and 3 kinds of key components will push XCMG to rank first in China. Export volume and total export continuously rank first in the industry in China. 
We are confident in buliding XCMG a great world-class international brand for construction machinery world and ranking top 3 among the world construction machinery industry, and stepping into world Top 500 enterprises.