September 2-4 New Opportunities · New Vitality
Phoenix Bay Area Financial Forum 2024
Grandly held in Hengqin Guangdong-Macao Deep Cooperation Zone
The forum was hosted by Phoenix Satellite TV and Phoenix.com
Co-hosted by the Hengqin Guangdong-Macao Deep Cooperation Zone Executive Committee
Guided and supported by the China Association of Listed Companies
Among them, A-share companies participated in the five major awards for the first time
XCMG won the "Overseas Innovation Award"
The 25th anniversary of Macao's return to China and the 3rd anniversary of the establishment of the Hengqin Guangdong-Macao Deep Cooperation Zone are two important milestones that give this forum a profound contemporary significance. This forum brought together government officials, industry leaders, and experts and scholars in the financial field from all over the world to discuss a number of topics, including the 25th anniversary of Macao's return to China, global economic changes, Chinese companies going global, and capital market breakthroughs. Lu Chuan, President of XCMG, was invited to attend the forum on behalf of XCMG.
The trend of internationalization is surging, and XCMG has seized the industry's first opportunity. This time, XCMG stood out from the Top 100 candidate listed companies and won the 2024 Phoenix Star "A-share Overseas Innovation Award".
This "2024 Phoenix Star Listed Company Selection" was guided and supported by the China Association of Listed Companies. After strict selection in multiple links such as listing bulletin data analysis, expert review and online voting, XCMG Machinery stood out and became the only award-winning unit in the construction machinery industry.
As an important participant in the global construction machinery industry, in the first half of this year, XCMG Machinery’s international revenue was 21.9 billion, an increase of 4.8%, contributing an increase of 1 billion, accounting for 44.13% of the total revenue, and has achieved significant results in the global market. The achievements have grown into a model of China’s manufacturing industry’s “going global” strategy.
This award not only affirms XCMG's achievements on the road to internationalization, but also further demonstrates XCMG's leading position and innovation capabilities in the global construction machinery industry.
As a leading enterprise in the industry, what is XCMG's path to internationalization? At the forum, Lu Chuan delivered a speech entitled "Forging international capabilities, building a world-class enterprise, and striving to climb the Everest of the global engineering machinery industry", expounding XCMG's path to international development: that is, to unswervingly take technological innovation and internationalization as the main development strategy, and unswervingly follow the high-level and high-quality internationalization path.
This year marks the 75th anniversary of the founding of the People's Republic of China and the 25th anniversary of Macau's return to China. From the super project Hong Kong-Zhuhai-Macao Bridge to the Shenzhen-Zhongshan Link, from the Hengqin Science City on the coast of the South China Sea to the construction of Zhuhai Airport and the Airshow, every precise hoisting, every deep excavation, and every stable pouring are XCMG's solid support for the construction of interconnection in the Greater Bay Area.
XCMG makes good use of two markets and two resources in a coordinated manner, crosses the industry development cycle with domestic and international dual circulation, and forges and enhances global competitiveness with the internationalization capabilities of "three creations and three strengthenings".
Engineering technology leads the way, equipping for a better future. Winning the "A-share Overseas Innovation Award" is an affirmation of XCMG's overseas path. XCMG is committed to becoming an enterprise worthy of new trust, benefiting all human resources, and building a better world. In the future, it will actively explore the path of manufacturing overseas, provide valuable experience and reference for the creation of more international companies and international brands, and contribute more to promoting the high-quality development of China's manufacturing industry. 
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