Recently, the Southern Weekly Science and Technology Innovation Research Centre released its “2025 China Enterprise Science and Technology Innovation Top 10 by Industry” ranking. XCMG Group topped the list for the first time, securing the number one position in the specialised equipment manufacturing sector for 2025. This achievement demonstrates the company's formidable strength in technological innovation and strategic planning within the industry.

This achievement stems from XCMG's profound insight into the intelligent manufacturing wave, underpinned by its commitment to long-termism and sustained R&D investment. Confronted with heightened demands for ‘key engines’ within modern industrial systems, the specialised equipment manufacturing sector is accelerating its transition towards automation, digitalisation, and intelligence. The advent of Industry 4.0 has made enhancing production capacity and efficiency the core pathway for enterprises driving industrial upgrading.

Industry data indicates that within the capital-intensive, high-barrier specialised equipment sector, state-owned capital continues to play a pivotal role in long-term technological R&D. State-owned enterprises' average R&D expenditure reached RMB 552 million, three times that of enterprises under other ownership structures; their median R&D investment was 2.7 times higher, underscoring robust innovation support capabilities.

XCMG Group similarly validates this trend through action. In the first half of 2025 alone, the company's R&D expenditure reached RMB 2.635 billion, representing a 5.14% year-on-year increase, with innovation priorities focused on three key directions: high-end development, intelligentisation, and green transformation. This not only constitutes a proactive response to market shifts but also demonstrates a commitment to injecting sustained momentum into enhancing the capabilities of the entire industrial chain.

As an industry leader, XCMG's innovation trajectory is providing crucial insights for the transformation and upgrading of China's manufacturing sector, while further cementing its competitive edge within the global construction machinery arena.