Brand News｜Forbes China Top 30 Multinational Companies 2025 XCMG proudly stands as the only construction machinery company on the list!
Recently, Forbes China released the list of the top 30 Chinese multinational companies in 2025. XCMG was the only company in the engineering machinery industry to be included in the list.
The list covers domestic listed companies with a market capitalization exceeding 10 billion yuan, including A-shares, H-shares, and overseas-listed Chinese companies. Through a comprehensive analysis of company operating performance (including basic financial indicators such as revenue, net profit, overseas revenue, and its growth rate), product overseas market share and competitiveness, physical scale (such as overseas offices and R&D bases), number of overseas employees, proportion of international investors, and stock price performance since 2023, 30 representative companies that have achieved steady global expansion were selected.
According to its 2025 semi-annual report, XCMG's operating revenue in the first half of the year reached 54.808 billion yuan, of which overseas revenue reached 25.546 billion yuan, a year-on-year increase of 16.64%, accounting for 46.61% of the total. This data indicates that XCMG's global operations continue to expand.
Currently, XCMG operates in Europe, the Americas, Africa, and other regions through a combination of localized production, financial services, and after-market services. XCMG has established trading subsidiaries in Italy, Zambia, and Guinea, bringing the localization rate of its overseas factories to 50%. A global network of over 300 dealers and over 2,000 service points has been established, covering over 190 countries and regions.
XCMG has demonstrated with its strength that Chinese manufacturing can not only go global, but also do so effectively and steadily! From exporting products to exporting technologies, from trade to deepening internationalization, China's equipment manufacturing industry is marching steadily toward the center of the world stage!
