XCMG Machinery Revenue Up 11.75% in H1 2026

XCMG Machinery announced its financial results for the first half of 2026, with total revenue reaching RMB 61.25 billion (approximately USD 9.03 billion).

The reported revenue signifies an 11.75% increase compared to the same period in the previous year. A significant development was that the company's overseas revenue surpassed 50% of its total revenue for the first time.

Investment in research and development (R&D) saw a substantial rise of 25.07%. This increased R&D spending is intended to support product development and maintain the company's competitive edge in global markets.

The results indicate XCMG Machinery's successful expansion into international markets and its ability to navigate the current economic landscape.