Fortune China unveiled the 2026 Fortune China 500 List on July 21, Beijing Time. XCMG Construction Machinery ranked 202nd, climbing another 10 spots year-on-year and retaining the No.1 position in the construction machinery sector for consecutive years. Compiled with the consistent methodology adopted by the Fortune Global 500, the list covers both listed and unlisted enterprises. Based on this ranking and its datasets, readers can grasp the latest development trends of China’s largest corporations.
A jump in rankings amid fierce competition among industry heavyweights stands as a true testament to an enterprise’s core competitiveness.
XCMG Construction Machinery Co., Ltd.
Revenue: RMB 100.823 billion
XCMG Construction Machinery delivered solid financial results in 2025: full-year operating revenue hit RMB 100.823 billion, representing a year-on-year increase of 8.37%; net profit attributable to parent shareholders reached RMB 6.572 billion, up 8.96% year-on-year. In the first quarter of 2026, the company posted operating revenue of RMB 29.791 billion, a 9.26% year-on-year rise. Its steady financial performance has laid a solid foundation for the continuous upward movement of its ranking.
A strategically transformative shift has taken place in its overseas business. In 2025, XCMG’s overseas revenue totaled RMB 48.599 billion, surging 16.58% year-on-year and accounting for 48.2% of total revenue for the first time. As XCMG evolves from a domestic industry leader into a global enterprise, fundamental restructuring of its revenue mix is underway. To date, XCMG has established over 60 overseas subsidiaries and more than 2,000 overseas service & spare parts outlets, with its products sold to over 190 countries and regions worldwide.
Such remarkable achievements stem from XCMG’s in-depth, long-term commitment to its “Five Transformations” strategy. In 2025, XCMG’s project — an intelligent factory for mobile cranes featuring customized global agile delivery — was selected for China’s first batch of pilot national leading-level smart factory cultivation list.
On the green development track, XCMG has systematically deployed multiple technical routes including full-electric, hybrid and hydrogen energy. Its revenue from new energy products hit RMB 13.323 billion in 2025, a year-on-year increase of 23.6%.
In the 2026 Global Top 50 Construction Machinery Manufacturers List released by UK-based KHL Group, XCMG ranks third worldwide, making it the only Chinese manufacturer to secure a spot among the global top five. More than ten categories of core machinery products such as cranes and loaders maintain leading positions across the globe.
Having climbed another ten places and firmly securing the top position in China’s construction machinery industry, XCMG is taking solid strides of high-quality development as it steadily advances toward building a world-class construction machinery industrial cluster.
