In 2021, construction machinery prosperity has declined, but XCMG has delivered a high-quality development report that is higher than the average growth level of the industry, and the leading character of construction machinery is further highlighted. Highlights of XCMG 2021 annual report appear frequently, especially in revenue and net profit, cash flow, internationalization, r&d investment and other aspects.

XCMG in 2021 revenue of 84.328 billion yuan, year-on-year growth of 14.01%. With XCMG as the main body, XCMG has maintained the first place in the domestic industry for 32 consecutive years and historically ranked among the top three in the world.

In 2021, the overseas operating revenue of XCMG reached 12.940 billion yuan, a record high, with an increase of 111.81% over the previous year, and its proportion in the operating revenue increased from 8.26% to 15.35%.

In 2021, the export of key products of the company increased rapidly, with the export of large and medium-sized equipment increasing by 110.4%, the export of road machinery increasing by 92.1% and the export of truck crane increasing by 59.1%. Exports to key regions grew rapidly, with a year-on-year growth of 50.8% in the Asia-Pacific region, 129.8% in central Asia and 93.1% in Africa. Major breakthroughs were made in high-end markets in Europe and the United States.
In 2021, Shanghai Ganges Sand Trading Co., Ltd. also exported parts and components much better than in 2020, and its net profit increased by 58%. While 2022 will be affected by some outbreaks, we believe it will be a good year as well.

Shanghai Ganges Sand Trading Co., Ltd. in the first quarter of 2022, the export of spare parts net profit increased by 11% compared with the same period last year, so we are very confident.