XCMG Maintained The Industry Lead with Operating Revenues of More Than 87 Billion Yuan

I XCMG maintained the industry lead with operating revenues of more than 87 billion yuan. In 2011, XCMG remained ahead in the industry with operating revenues of more than 87 billion yuan, registering enormous increases in taxes and profit. XCMG historically ranked 7th among construction machinery manufacturers in the world and was placed 123rd among China’s top 500 enterprises (based on operating revenues in 2010). II XCMG won China Industry Award as the only winner from the construction machinery industry. On April 28, XCMG won China Industry Award, which is China’s highest industry award set up with the approval of the State Council. XCMG was highly praised by visiting central, provincial and municipal leaders and central media for its solid foundation and brilliant achievements. III XCMG achieved record exports of more than 1 billion US dollars and enjoyed worldwide popularity In 2011, XCMG achieved exports of 1.086 billion US dollars as the first enterprise with exports of more than 1 billion US dollars in the industry, reaching out to 147 countries and regions. IV XCMG was listed among the country’s first group of technical innovation demonstration enterprises, and XCMG Technical Center ranked first in comprehensive evaluation in the industry. In July, XCMG was listed by the Ministry of Industry and Information Technology among the country’s group of technical innovation demonstration enterprises and Jiangsu’s first of its kind. In November, XCMG Technical Center ranked 66th in comprehensive evaluation in the country and first in the construction machinery industry. V XCMG won national and industrial awards for innovative products and made remarkable achievements in technical innovation. On January 14, XCMG’s walking excavator project won the second national prize for progress in science and technology. On January 24, XCMG’s 1000t all-terrain crane passed appraisal first at home. On June 28, XCMG 2000t crawler crane succeeded in initial operation and was put to use first in the industry. XCMG’s large-tonnage products including LW1200K loader was launched and pioneered the industry trend. Last year, XCMG won 396 patents, including 18 patents for invention. VI XCMG acquired two European parts manufacturers, and constructed an overseas technical center and Brazil industry park. XCMG acquired two European basic parts manufacturers--AMCA of the Netherlands and FT of Germany, and constructed an overseas technical center in Germany; Signed projects of Brazil industry park, Shanghai manufacturing base and Xinjiang manufacturing base and commenced them in succession; And launched projects of intelligent manufacturing of large-tonnage loaders, industrial base for concrete mixers and Xuzhou industrial base for 20, 000 excavators. On December 18, XCMG-held Kaigong Heavy Industry Co., Ltd. Marched into the tunnel machinery field. VII XCMG won the “Award for Good Practice of Manufacturing Informatization” and XCMG’s informatization program became an industry “lighthouse”. XCMG ranked among “China’s top 50 enterprises in informatization-industrialization integration”. Phase 3 and 4 informatization projects were wrapped up in succession, covered all products of XCMG and created a uniform control platform. The industry’s first informatized centralized purchase platform was launched in XCMG. XCMG’s informatization enhancement program was listed among national key projects for invigoration and fell within the scope of support by central budget. VIII XCMG launched “Hanfeng Program” and “Jinqiao Program” XCMG launched “Hanfeng Program”, laying a solid foundation for achieving operating revenues of 300 billion yuan and ranking among the world’s top three construction machinery manufacturers. XCMG launched “Jinqiao Program” to quicken paces towards the international capital market. On December 31, XCMG issued the initial tranche of corporate bonds worth 3 billion yuan in 2011. IX XCMG won the “National Award for Enterprises with Outstanding Contributions in Skill Talent Cultivation” and made the list of “Best Chinese Employers”. In May, XCMG won the “National Award for Enterprises with Outstanding Contributions in Skill Talent Cultivation” from the Ministry of Human Resources and Social Security. In December, XCMG made the list of “Best Chinese Employees”. More than 3, 000 graduates under “Program 211” were about to join XCMG, nearly half of which were doctor and master candidates. X XCMG won the first “Jiangsu Charity Award” for close attention to charity In October, XCMG was listed among the first “Jiangsu Charity Award—Most Charitable Donators” as a new honor after it won “China Charity Award”. In January, XCMG was honored as one of Xuzhou’s “Most Charitable Donators”. Last year, XCMG built eight Hope schools. Source: xcmg.com