XCMG, founded in March 1989, has always kept its leading position in China construction machinery industry for 19 years since its establishment. Right now, XCMG ranks No. 16th in the world construction machinery industry, No. 168 in the Top 500 China enterprises, No. 84 in the Top 500 China Manufacturing industry, which has the most complete product models and series of construction machinery and is the most competitive and most effective large enterprise group in China. " Xugong" brand is the first " China well-known Trademark" in the industry.

Business income of XCMG was increased from RMB 386 million in the beginning of establishment to over RMB 30 billion in 2007 and taxes were realized to RMB 2 billion with USD 500 million of export volume, which is No. 1 for all the above respects in China construction machinery industry.

Primary products of XCMG include: Construction mobile cranes, road construction machinery, road surfacing and maintaining machinery, compaction machinery, earth moving and loading machinery, aerial fire trucks, special purpose vehicles, special chasses for construction equipment, slewing ring bearings, and hydraulic components etc. Market shares of most of the products are No. 1 domestically. 70% of these products have the leading domestic technology level while 20% have the present advanced international level.

XCMG will inherit its core value of "taking great responsibility, acting with basic morals and making great achievements" and its enterprise sprint of being "strict, practical, progressive and creative". XCMG has established a RD system with a core of Xugong Technology Center, a national grade technology center, which ranks No. 15th in the national evaluation of enterprise technology centers. XCMG has set up a sales network that covers the whole country and nearly 100 overseas dealers provide complete marketing services for global customers.

XCMG has won the "National Labor Day Awards" and the title of "Civilized Company of China Machinery Industry" in succession. The Communist Party Committee of XCMG was evaluated as the National Advanced Basic Party Organization by Central Organization Department of the Communist Party of China.

Enterprise vision of XCMG is to be a world-class enterprise, which has great competitive power internationally and makes all Chinese people to be proud of it. Strategic target of XCMG is to realize its business income to be RMB 50 billion and enter into Top 10 of construction machinery transnational companies in 2010, and RMB 100 billion and Top 5 in the world construction machinery industry in 2015.