Xugong Machinery: Revenue from January to September was 18.939 billion, an increase of 32.93%

From January to September, XCMG achieved a main business income of 18.939 billion yuan, a year-on-year increase of 32.93%, and a net profit attributable to shareholders of the parent company of 597 million yuan, an increase of 51.14% year-on-year, and a realized earnings per share of 1.92 yuan. The company's performance exceeded expectations.

The growth of Xugong Machinery's performance was mainly due to the rapid growth of domestic investment, the rapid development of business such as the pulling of cranes, the vigorous development of domestic and foreign markets, and the improvement of product structure, while at the same time increasing potential for internal potential.

From January to September, the gross margin of Xugong Machinery was 20.66%, compared with 20.44% in the same period of last year, and it is expected that the gross profit rate for the whole year could be maintained at more than 20%. From January to September, the cost rate of Xugong Machinery was 8.01%, compared with 8.89% in the same period of last year. It is estimated that the cost rate for the whole year will be 8.1%.

The Group's subsequent asset injection is worth looking forward to. The group company promised that Xuzhou Xugong Road Construction Machinery Co., Ltd. and Xuzhou Xugong Mining Machinery Co., Ltd. will enter the company when their market share of main products ranks in the forefront of the industry, asset quality has been significantly improved, and profitability is strong. Currently, XCMG excavator business is developing rapidly. It is estimated that more than 3,000 excavators will be sold this year, and will double to 7,000 in 2011 and 10,000 in 2012.

This is due to Xugong Machinery's related technology reserves, management and team heritage, as well as the brand effect of XCMG and its accurate grasp of industrial development.

The leasing business of Jiangsu Xugong Construction Machinery Leasing Co., Ltd. is also proceeding in an orderly manner. The construction machinery leasing business in the future will be an important symbol of the development of the industry. Five joint venture companies: Xuzhou Hessman Electronics Co., Ltd., Xuzhou Paite Control Technology Co., Ltd., Xuzhou Meritor Axle Co., Ltd., Xuzhou Rothe Eide Slewing Ring Co., Ltd. and Lux ​​(Xuzhou) Slewing Ring Co., Ltd. The field of construction machinery is quite prestige. We believe that the competition of construction machinery in the future is to a certain extent the competition of core components. Therefore, the above-mentioned business injection will effectively enhance the company's competitive strength.