XCMG machinery disclosed the semi annual report of 2021 on the evening of August 30. The operating revenue, net profit attributable to parent company and operating cash flow all hit a new record, and the profitability was further improved. In addition, the company is also commendable in internationalization and technological innovation.
Revenue, net profit and cash flow reached a record high
In the first half of this year, XCMG machinery achieved an operating revenue of 53.234 billion yuan, an increase of 51.80% over the same period last year; The net profit attributable to shareholders of listed companies was 3.803 billion yuan, an increase of 84.46% over the same period of last year; The net cash flow from operating activities was 3.751 billion yuan, an increase of 648.58% over the same period of last year. Revenue, net profit and cash flow all hit a record high, and the growth rate is in a leading position among construction machinery giants.
Since 2021, the prosperity of the construction machinery industry has continued to improve due to factors such as the demand for equipment renewal and the upgrading of environmental protection emission standards. XCMG continues to promote the high-quality development concept of "three high and one can" with high quality, high efficiency, high efficiency and sustainability, increase R & D investment and continuously improve the level of intelligent manufacturing. By comprehensively promoting fine management and strictly controlling various expenses, the operating revenue reached a new high and the profitability was further improved.
Not only the revenue and net profit increased rapidly, but also the operating cash flow of XCMG machinery increased rapidly in the first half of the year, which was due to the company's efforts to increase loan recovery and actively adjust the sales mode in the first half of the year.
XCMG machinery is mainly engaged in the R & D, manufacturing, sales and service of hoisting machinery, shoveling machinery, compaction machinery, pavement machinery, piling machinery, fire fighting machinery, sanitation machinery and other engineering machinery and spare parts. Among the company's products, the market share of wheeled crane ranks first in the world, and the market share of many core products such as truck mounted crane, crawler crane, roller, grader, paver, horizontal directional drilling rig, rotary drilling rig, lifting fire truck, bridge inspection vehicle and aerial work vehicle ranks first in China.
It is worth mentioning that XCMG machinery still achieved high growth in the second quarter against the background of declining industry sales and sharp rise in raw material costs (further rise in steel prices in the second quarter), showing high profit elasticity.
Export revenue increased by 70%
Adhere to the internationalization strategy
International revenue
From the perspective of the composition of operating revenue, the domestic sales revenue of XCMG machinery in the first half of the year was 48.38 billion yuan, a year-on-year increase of 50.30%, accounting for 90.88% of the operating revenue; The export revenue was 4.854 billion yuan, a year-on-year increase of 68.50%, accounting for 9.12% of the operating revenue. The growth of export sales is faster than that of domestic sales, and the proportion has recovered. Internationalization is still XCMG's unswerving main strategy.
One belt, one road, is way ahead of 1~4. The export volume of Xugong crane ranks first in the industry. The market share of Russia, Central Asia, Africa and other regions is far ahead.
After more than 20 years of exploration and practice, XCMG machinery has embarked on a unique road of internationalization, forming an international development model of "four in one" of export trade, overseas green space plant construction, cross-border M & A and global R & D, which can provide global customers with all-round product marketing services, all value chain services and overall solutions.
The company has 300 overseas distributors, 40 offices and more than 140 service spare parts centers. Its marketing network covers more than 180 countries and regions around the world. It has established subsidiaries in key countries such as Brazil, Russia, India, Indonesia, Kazakhstan, the United States, Germany and Malaysia to carry out direct business and build a channel network with equal emphasis on economy and direct, Further consolidate the international marketing service system.
R & D investment increased to 2.2 billion yuan
Technological innovation ability leads the industry
XCMG machinery adheres to independent innovation and is a national demonstration enterprise of technological innovation. The company is committed to continuously exploring engineering technology, providing solutions for global engineering construction and sustainable development, striving to create intelligent products with "leading technology and indestructible use", and building a domestic leading R & D innovation system.
In the first half of this year, XCMG invested 2.218 billion yuan in R & D, a year-on-year increase of 64.43%, and the proportion of R & D investment in operating revenue was 4.17%. By the end of June 2021, the company has accumulated 6075 valid authorized patents, including 1569 invention patents and 99 international patents. In the first half of the year, XCMG formulated 8 national and industrial standards, 5 international standards and 180 national and industrial standards. In the latest "evaluation results of national enterprise technology center", XCMG technology center was rated as excellent with a comprehensive score of 92.2, and continued to rank first in the construction machinery industry.
The company has independently developed the world's first crawler crane with the maximum lifting capacity of 88000 T / m, the world's first hydraulic hybrid energy recovery truck crane, the world's first electrically driven crawler twz260 concealed excavation trolley, the world's first xs263js vibratory roller without main clutch transmission, the world's largest tonnage xr800e rotary drilling rig, the world's first high jp80 lifting jet fire truck China's first largest tonnage self-made chassis, diaphragm wall hydraulic grab, the first domestic main machine type double channel milling machine, the first domestic barrier repair vehicle, the first domestic foam asphalt warm mix regeneration equipment and a series of symbolic products, leading the high-end manufacturing in China.
XCMG has won many awards for its perfect global layout, strong international expansion ability and leading industry technological innovation ability.
XCMG won many honors in the first half of this year alone. According to the yellow table released by the British KHL group in 2021, XCMG jumped from the fourth in the world to the third in the world, becoming the only Chinese enterprise in the top three in the world; According to the ranking list of China's 500 most valuable brands in 2021 released by the world brand laboratory, "XCMG" has ranked first in China's construction machinery industry for eight consecutive years with a brand value of 92.397 billion yuan; XCMG crawler crane won the fifth batch of manufacturing single champion enterprise products issued by the Ministry of industry and information technology.
