Workflow
助力徐州打造“工程机械之都”——专访徐工集团董事长杨东升

Core Viewpoint - The XCMG International Customer Festival has evolved into a cultural event that reflects the rise of China's construction machinery industry and its globalization efforts [2] Group 1: Company Performance and Strategy - XCMG expects a 12.2% year-on-year increase in net profit to 5.976 billion yuan in 2024, with continuous improvement in gross and net profit margins, and significant growth in operating cash flow [2] - The company emphasizes self-reform as a key to maintaining sustained growth, aiming for high-quality development and entering new markets [3] - XCMG is focusing on green development in construction machinery, establishing a New Energy Research Institute and launching leading electric products [3][4] Group 2: Technological Advancements - The proportion of new energy and hybrid vehicles in XCMG's fleet is increasing, with advancements in automation and intelligent operating systems [4] - XCMG has achieved L4 level autonomous driving for some equipment, enhancing efficiency and safety in high-risk operations [4] - The company is prioritizing digital transformation and smart upgrades as part of its "Chairman's No. 1 Project" to maintain competitiveness [4] Group 3: Global Expansion - XCMG has delivered high-end lifting machinery and intelligent mining equipment to international clients, reinforcing its global presence [5][6] - The company has established a footprint in over 190 countries, responding to local market demands with tailored solutions [6][7] - XCMG aims to double its scale to over 100 billion yuan by 2030, with international revenue accounting for over 60% [8] Group 4: Industry Positioning - The XCMG International Customer Festival has generated an estimated $800 million in intended orders, enhancing the company's global outreach [7] - XCMG's commitment to technological and product innovation is seen as a cornerstone for building advanced manufacturing clusters in the region [7] - The integration of heavy vehicle operations into XCMG's portfolio is expected to create a comprehensive solution for open-pit mining machinery [8]