On April 30, Xcmg Construction Machinery Co.Ltd(000425) ( Xcmg Construction Machinery Co.Ltd(000425) ) officially disclosed the report for the first quarter of 2022: during the reporting period, the company realized an operating revenue of RMB 20.034 billion, a year-on-year decrease of 19.79%; The net profit attributable to the parent company was 1.405 billion yuan, a year-on-year decrease of 18.61%; By the end of the reporting period, the total assets were 115092 billion yuan, an increase of 4.60% over the end of the previous year.
Insiders said that the overall revenue level of the construction machinery industry was greatly affected in the first quarter due to the complex macro environment and the spread of the epidemic. Judging from the first quarter performance data successively released by Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) , Sany Heavy Industry Co.Ltd(600031) , Guangxi Liugong Machinery Co.Ltd(000528) and other leading enterprises, Xcmg Construction Machinery Co.Ltd(000425) first quarter performance decline is not surprising. However, it is worth affirming that Xcmg Construction Machinery Co.Ltd(000425) withstood the market pressure, and the decline in revenue and profit was less than 20%, lower than that of major competitors, which fully reflects the company’s business resilience and risk resistance.
first quarter performance improved month on month, and last year’s performance blossomed in many sectors
According to the data, Xcmg Construction Machinery Co.Ltd(000425) is mainly engaged in the R & D, manufacturing, sales and service of hoisting machinery, shoveling machinery, compaction machinery, pavement machinery, piling machinery, fire fighting machinery, aerial operation machinery and other engineering machinery and spare parts.
The reporter of economic information daily noted that in the first quarter, although the Xcmg Construction Machinery Co.Ltd(000425) main performance indicators fell year-on-year, they improved significantly compared with the fourth quarter of 2021. According to the data, in the fourth quarter of 2021, Xcmg Construction Machinery Co.Ltd(000425) achieved operating revenue and net profit attributable to parent company of 14.532 billion yuan and 1.005 billion yuan respectively, with a year-on-year decrease of 35.93% and 22.35% respectively; In the first quarter of 2022, Xcmg Construction Machinery Co.Ltd(000425) revenue and net profit attributable to parent company increased by 37.86% and 39.80% respectively compared with the fourth quarter of 2021.
In this regard, the person in charge of Xcmg Construction Machinery Co.Ltd(000425) told reporters that the company has the most diversified and complete product varieties and series among the global construction machinery manufacturers, which has played a smoothing effect in resisting the changes of the industry cycle. Compared with the fourth quarter of last year, the first quarter of this year showed a marginal improvement effect in both revenue and profit.
The reporter noted that in 2021, in the face of more complex market situation and more fierce competition, Xcmg Construction Machinery Co.Ltd(000425) also handed over a high-quality “answer sheet” higher than the average growth rate of the industry, which further highlighted the nature of the industry leader. According to the data of the annual report, Xcmg Construction Machinery Co.Ltd(000425) 2021 had an operating revenue of 84.328 billion yuan, an increase of 14.01% over the previous year; The net profit attributable to the parent company was 5.615 billion yuan, an increase of 50.57% over the previous year.
According to the annual report, the Xcmg Construction Machinery Co.Ltd(000425) crane sector led strongly, mobile cranes continued to rank first in the world, lifting machinery ranked first in the world for the first time, and the share of crawler cranes with more than 500 tons increased by 9 percentage points; The share of medium and large equipment increased by 3 percentage points, and the export share exceeded 30%, firmly occupying the first position in export; Piling machinery ranks first in the world and horizontal directional drilling ranks first in the world; The market share of roller, grader, paver and milling machine continues to increase, and road machinery ranks third in the world for the first time.
It is worth mentioning that the layout of Xcmg Construction Machinery Co.Ltd(000425) emerging industries has increased rapidly. The first position of lifting fire engines and boom aerial work platforms in the industry is more stable, and the profitability has been greatly improved; The environmental sanitation sector is driven by two wheels in three places; The revenue of small construction machinery increased by 50% year-on-year; Forklift revenue increased by 258% year-on-year; The new maintenance base was officially put into operation, and asphalt station and chassis maintenance products entered the top two in the industry.
Xcmg Construction Machinery Co.Ltd(000425) said that in 2021, under the guidance of the high-quality development concept of “three high and one can”, Xcmg Construction Machinery Co.Ltd(000425) and its parent company XCMG Co., Ltd. made full efforts in all sectors, with 12 types of main engines ranking first in China’s industry, and the share of 22 types of products increasing year-on-year, continuing to lead the development of the industry.
create XCMG’s “smart manufacturing 4.0” digital transformation with outstanding results
With the development of the industry, informatization, intelligence, digitization, lightweight and electrification gradually lead the trend of the construction machinery industry and become the future development direction of the industry. In recent years, Xcmg Construction Machinery Co.Ltd(000425) has been going deeper and deeper on the road of digital transformation. After studying the financial report, the reporter found that focusing on the strategic positioning of digitization, greening and internationalization, Xcmg Construction Machinery Co.Ltd(000425) prepared and improved XCMG’s digital strategic plan for the 14th five year plan, accelerated the company’s digital transformation with XCMG’s “smart manufacturing 4.0”, and always took the lead in the industry.
In the field of digital R & D, pay attention to the efficiency and quality improvement of R & D process, focus on breaking through the data structured, standardized and process management of product R & D process, and carry out deepening projects such as R & D project management and general parts management; In the digital supply chain link, the company focused on the core main line of “131” of supply chain management and took the lead in building XCMG’s global digital supply chain system in the industry, which is reflected in the “3 + 2” system platform; In the process of factory manufacturing, build an industry-leading IOT platform for industrial Internet of things, realize the networking and data collection of more than 2300 key equipment, hold the “cow’s nose” of OEE in the comprehensive utilization rate of key equipment, and effectively promote the lean management of manufacturing process and the rapid improvement of production efficiency; In the post market service link, focus on the continuous promotion, optimization and further improvement of x-gss system. The number of external integrated registered users is nearly 166000. Internally, establish four types of key databases, build maintenance service knowledge base, integrate AR technology, build remote service scenarios, and lead a new mode of digital service interaction in the industry.
Xcmg Construction Machinery Co.Ltd(000425) said that the company has vigorously carried out the research and application of new generation information technologies such as industrial big data, 5g and artificial intelligence, and the x-gss system has won the first prize of national innovation achievements in enterprise management modernization. In addition, in 2021, the company won the pilot demonstration project of big data industry development of the Ministry of industry and information technology, the unveiling unit of intelligent manufacturing demonstration factory, and the pilot demonstration project of integrated development of new generation information technology and manufacturing industry; XCMG heavy has passed the national intelligent manufacturing capability maturity level 4 assessment. It is the only enterprise in the industry that has systematically reached the intelligent manufacturing capability maturity level 4, reflecting the leading level of the company’s intelligent manufacturing.
build a “four in one” model and steadily promote the internationalization strategy
While China is developing steadily, Xcmg Construction Machinery Co.Ltd(000425) the pace of internationalization is advancing steadily, the international development model is constantly innovated, and the global industrial layout is further improved. After more than 20 years of exploration and practice, Xcmg Construction Machinery Co.Ltd(000425) has embarked on a unique path of internationalization, forming a “four in one” international development model of export trade, overseas green space construction, cross-border M & A and global R & D, which can provide global customers with all-round product marketing services, all value chain services and overall solutions.
It is reported that Xcmg Construction Machinery Co.Ltd(000425) has 230 first-class dealers, 40 offices and more than 140 service spare parts centers overseas. Its marketing network covers more than 180 countries and regions around the world. It has established subsidiaries in key countries such as Brazil, India, Indonesia, Kazakhstan, the United States, Germany and Malaysia to carry out direct business and build a channel network with equal emphasis on economy and direct, Further consolidate the international marketing service system. Among them, Xcmg Construction Machinery Co.Ltd(000425) has obvious advantages in the layout of countries along the “the Belt and Road”. The company has set up a perfect marketing network in 64 countries in the Asia Pacific region, Central Asia region, Africa region, Europe region and other regions, with 180 first-class dealers, 24 offices and 100 service spare parts centers.
According to the annual report, at present, Xcmg Construction Machinery Co.Ltd(000425) the e-commerce companies build new platforms in the international market around self built platforms and overseas Silk Road e-commerce station group projects; XCMG Brazil Manufacturing Co., Ltd. accelerated the localization of production and manufacturing, talents, North American model manufacturing and other special work; The North American project has completed the preliminary demonstration and is accelerating its implementation; Indian companies have begun formal operations
Xcmg Construction Machinery Co.Ltd(000425) relevant person in charge said that in 2021, the company’s export revenue doubled year-on-year, reaching a record high. The export of key products increased rapidly. The export of medium and large equipment increased by 110.4% year-on-year, and the export of pavement machinery increased by 92.1% year-on-year; Exports from key regions grew rapidly, with a year-on-year increase of 50.8% in the Asia Pacific region, 129.8% in Central Asia and 93.1% in Africa. Major breakthroughs were made in the high-end markets in Europe and the United States.
