On the evening of August 28，XCMG（000425）The semi-annual report was disclosed.，The industry situation is more severe than expected.，The company still handed over a resilient、High quality、Sustainable Report Card。The company's overseas income and proportion continue to increase.，Revenue from high-end products increased by 10% year-on-year%Above，Revenue from new energy increased by 26 percent.76%。Economic indicators such as operating income and net profit continue to lead the industry.，Xugong also actively fulfills its social responsibilities.。

Overseas income increased by 4.8%、Growth of high-end products exceeds 10%

Since the beginning of the year，Construction machinery industry situation is weaker than expected，The domestic market is low and downward.，Stalling growth in overseas markets。XCMG insists on integrity and innovation，Actively respond to the challenges of domestic and foreign markets and expand the increment，Concentrate on the task of internal transformation and transformation to build capacity，Seeking Reform in Development，Rejuvenate in reform。

First half，The income of XCMG is basically stable.，Realized operating income 496.3.2 billion yuan，Continue to lead the domestic industry。In the company's income，About 27.7 billion yuan from China，Year-on-year decline of 8.72%；But revenues from outside the country continue to grow.，Reaching 21.9 billion yuan，Year-on-year growth of 4.8%，International revenue accounted for 44 percent%，Year-on-year increase of 3.37 percentage points。Overall market share of terminal sales of overseas products 4.43%，Year-on-year increase of 0.58 percentage points。Digging machine、Loader、Road Roller、The overseas market share of major products such as aerial work platforms has increased.。Overseas revenue of all-terrain cranes and rough terrain cranes nearly doubled.，Overseas revenue of excavators increased by 16% year-on-year%，Concrete equipment global synergy effect is beginning to show，Overseas pump truck、The revenue of the mixing station doubled，Mixer trucks nearly doubled。At the same time of international revenue growth，Gross profit margin also increased to 24..41%，Year-on-year increase of 1.22 percentage points。

Compared with the domestic market, it is in the bottoming stage of the big cycle.，Huge overseas market space，The cycle volatility is small。The increase in the proportion of overseas revenue is expected to further improve XCMG's operating performance and profitability.，So as to steadily cross the industry cycle。

（The picture shows the batch of XCMG equipment going to sea from the port.）

While Steadily Going Global，The product structure of XCMG has also been continuously optimized.。First half，Revenue from high-end products increased by 10% year-on-year%Above，More than 32% of total revenue%、Year-on-year growth of 4 percentage points，The structural adjustment of products has achieved results.。

First，New energy products enter the fast lane of growth，Revenue increased by 26% year on year.7%。Revenue from new energy loaders nearly doubled year on year，23% of total income.3%，Year-on-year increase of 15.1 percentage point，Industry sales ranked first steadily。

The second is“Three high and one big”、Specialized, special and new products burst out with new vitality。All-terrain cranes of 100 tons and above increased by nearly 30% year-on-year%，Compared with the whole year of last year, the proportion of the revenue of Dali Mining Motor Grader increased by 6 percentage points.，100tThe proportion of revenue from the above mine cars increased by 12% compared with the whole year of last year.8 percentage points，The proportion of product revenue of excavators for high-end markets in Europe, America and Australia increased by 6 percentage points compared with the whole year of last year.，Introduced a world record-breaking 4000-ton wheeled craneXCA4000、The world's first mining hybrid excavatorXE650GK HEV、The first electric double-wheel slot milling machine in ChinaXTC130EWait for a batch of big country heavy weapons.。

（PicturedXCA4000 to lift a tower weighing 70 tons to a height of 130 meters）

Profitability continues to improve，More robust operational quality

While revenue remains resilient，The profitability of XCMG continued to improve in the first half of the year.。

Nearly half of the overseas income of Xugong Machinery，Under the influence of adverse factors such as the sharp rise in sea freight.，Gross profit margin for the first half of the year was 22 percent.89%，A slight increase over the previous year。

First half，The financial cost of XCMG is 13.2.8 billion yuan，Compared with the same period last year.-3.1.7 billion yuan，The main reason for this change this year is the increase in exchange losses over the same period last year.（Exchange losses increased by 16..8.8 billion yuan），Even so，Through measures such as reducing costs and increasing efficiency，The company still realized a net profit of 37..0.6 billion yuan，Year-on-year growth of 3.24%；Net profit margin attributable to parent company7.5%，An increase of approximately 0. 5% over the same period last year..5 percentage points。The company's operating income and net profit continue to lead the industry.。

Not only the profitability is strong.，“Gold content”It's also relatively high。First half，The Company achieved an operating cash flow of 17.0.6 billion yuan，Year-on-year growth of 11%；The asset-liability ratio dropped by 4. 5% last year..On the basis of 27 percentage points, the pressure dropped by 1..24 percentage points；Inventory pressure drop 21.600 million yuan。Connotative high-quality development is more impressive.。

In addition，First half，XCMG gives full play to the driving role of innovation，It still maintains a high level of R & D investment.，The amount reaches 24.6.1 billion yuan，Year-on-year growth of 0.72%。659 new invention patents were added in the first half of the year、43 international patents。

（The picture shows the application of XCMG Hanyun industrial Internet platform.）

Promote green development，Fulfill social responsibility

While achieving good economic benefits,，Xugong has not forgotten to fulfill its social responsibilities.。

A few months ago，First release of Chinese and English versions by XCMG《2023 Environment、Social and Corporate Governance（ESG） Presentation 》，It discloses the green development of enterprises.、Practice social responsibility、Strengthen the practice and effectiveness of corporate governance.。Among，As the first company in the industry to release the outline of the Carbon Peak and Carbon Neutralization Action Plan，XCMG has planned the layout of pure electricity、Hybrid、Hydrogen Energy Technology Route and Cell Battery、Motor electronic control and other core components industry and charging station infrastructure；Under the tide of a new round of scientific and technological revolution and industrial transformation，Speed up running on the new energy electrification track，Complete set of products applied to urban construction、Mine Port、Mainstream scenarios such as road transport，Delivering Quality Services and Green Solutions to Global Customers。

XCMG is a global leader in new energy loaders.，With the rising market share of XCMG's new energy loaders,，“Green Pioneer，XCMG is preferred”It has become the consensus of global customers to purchase new energy loaders.。As early as May, Xugong handed over 500 sets of monthly production and sales.，A brilliant report card for exporting more than 100 units。

（The picture shows XCMG's new energy loader is working in the mine.）

The new energy loader is just a microcosm.，XCMG not only sells new energy products，The company has also become a standard-setter.。

To implement the State Council“Large-scale promotion of equipment renewal and replacement of old consumer goods”Work deployment，The State Administration of Market Supervision and Administration has organized standard chain stabilization actions in ten areas.，August 5，Electric Construction Machinery Standard Stable Chain Experience Exchange Site Promotion Meeting Held in XCMG，Xugong took the lead in drafting.《Earth-moving machinery Pure electric hydraulic excavator for plateau tunnel》National Standards，It also participated in the formulation of all seven national standards for electric construction machinery issued this time.。

（The picture shows Xugong“Green mountains are green”Complete set of electric equipment）

2023，XCMG has invested 1 in the field of environmental protection.100 million yuan，Promoting green and low-carbon transformation and upgrading of industrial chain，Enabling enterprises to achieve high-quality sustainable development。Total annual greenhouse gas emissions decreased by 7% compared with 2022.84%。The first half of this year，The company has invested nearly 42 million yuan in environmental governance and protection.。

According to the disclosure of XCMG Zhongbao，Photovoltaic installed capacity of the company 109.4MW，Photovoltaic power consumption in the first half of 2024 is about 43 millionkwh，Accounting for about 23% of the total electricity consumption%，Molecular companies use ground source heat pump systems，Compared with the traditional central air-conditioning system,，Save 700,000 kilowatt-hours of electricity per year，Operating cost savings 60%Above，Reducing carbon dioxide emissions 520.34 tons。These，Or is it just the tip of the iceberg of what companies are doing to reduce their carbon emissions?。

（The picture shows the application of photovoltaic power generation and geothermal energy pump system in Xugong plant area.）

Green development is the background of high-quality development.，New quality productivity itself is green productivity.。Xugong is speeding up the formation of new quality productivity，Use Xugong's“Stand and break”、“Steady and progressive”Pilot the construction of world-class construction machinery industry cluster。