XCMG Construction Machinery (000425) H2 2025 earnings summary

Executive summary

• Achieved annual revenue of ¥100.82 billion, up 8.37% year-over-year, and net profit attributable to shareholders of ¥6.57 billion, up 8.96% year-over-year.

• Operating cash flow reached ¥14.14 billion, a 148.42% increase year-over-year.

• Maintained industry leadership in multiple product categories, with strong domestic and international market positions.

• Continued strategic focus on high-quality growth, innovation, and global expansion.

Financial highlights

• Revenue: ¥100.82 billion, up 8.37% year-over-year.

• Net profit attributable to shareholders: ¥6.57 billion, up 8.96% year-over-year.

• Operating cash flow: ¥14.14 billion, up 148.42% year-over-year.

• Basic and diluted EPS: ¥0.57, up 11.76% year-over-year.

• Gross margin: 22.61%, stable year-over-year.

• R&D investment: ¥5.93 billion, 5.88% of revenue.

Outlook and guidance

• Expects 2026 revenue growth to exceed 10%, with focus on high-quality, sustainable, and resilient development.

• Strategic priorities include high-end, intelligent, green, global, and service-oriented transformation.

• Plans to further strengthen global operations, digital transformation, and risk management.