Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  XCMG Construction Machinery Co., Ltd.    000425   CNE000000FH0

XCMG CONSTRUCTION MACHINERY CO., LTD.

(000425)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

XCMG Construction Machinery : Delivers Customized Mining Graders to Rio Tinto, Driving Growth in High-end Markets

10/27/2020 | 01:48am EST

XUZHOU, China, Oct. 27, 2020 /CNW/ -- Leading Chinese construction machinery manufacturer XCMG (SHE: 000425) has delivered a customized fleet of GR2605 graders to Rio Tinto's mines, while activating the manufacture process of Rio Tinto customerized GR5505 mining graders.

XCMG XDM80 Is In Use at Mining Construction Site.

The GR2605 grader model customized for Rio Tinto marks a new milestone as China's equipment manufacturing industry advances to serve high-end markets with exacting requirements.

Greg Courts, general manager of purchasing of Rio Tinto China, notes that the success of the GR2605 grader customization project is the result of the cooperation of both parties and a great achievement, and Rio Tinto believes that XCMG has the capability to produce world-class super-horsepower graders .

Through innovation-driven and excellent quality management, XCMG's GR5505 has won a stream of orders for super-large mining graders in both domestic and international markets. This model is designed for open-pit mines, heavy load bulldozing and landscape finishing amid other high load conditions.

XCMG has accumulated a wealth of experience in mining equipment and solutions and is committed to providing highly reliable, efficient and safe products to customers with diverse needs at an affordable price.

The XDM80 mining truck is now the preferred mining transportation vehicle in the eastern Inner Mongolian mining region, and XCMG successfully delivered 100 XDM80 trucks to that region in two months this year. It is the world's first light mechanical drive truck with super-durable dumper technology and can adapt to the harsh environments of open-pit mines while guaranteeing efficiency and quality. XCMG now provides 50 percent of the large-tonnage mining equipment operating in the eastern Inner Mongolian mining region.

Meanwhile, XCMG's XDE240 electric drive dump truck has won a 300-million-yuan (US$ 45 million) order from China Energy, the world's largest producer of coal, thermal power, wind power, coal-to-liquids and coal chemical products. The advanced and durable XDE240 with 220t rated load is designed for large open-pit mines and major earthwork construction.

"The customization strategy has enabled XCMG to compete with the world's best mining equipment manufacturers in the high-end market. It's our goal to develop the best products catering to the customers' needs and requirements," said Wang Min, Chairman of XCMG.

For more information, please visit: www.xcmg.com, or XCMG pages on Facebook, Twitter, YouTube, LinkedIn and Instagram.

Cision
View original content to download multimedia:http://www.prnewswire.com/news-releases/xcmg-delivers-customized-mining-graders-to-rio-tinto-driving-growth-in-high-end-markets-301160256.html

SOURCE XCMG

© Canada Newswire, source Canada Newswire English

All news about XCMG CONSTRUCTION MACHINERY CO., LTD.
01/10China's Excavator Sales Jump 39% in 2020
MT
01/03XCMG CONSTRUCTION MACHINERY : China's XCMG says agreed with Tsingshan Group to i..
RE
2020XCMG CONSTRUCTION MACHINERY : Named as One of the World's 500 Most Influential B..
AQ
2020XCMG CONSTRUCTION MACHINERY : Introduces Advanced Mining Equipment and Autonomou..
AQ
2020China's Xugong Group set to get $2.3 billion from GIC, others in SOE mixed-ow..
RE
2020XCMG CONSTRUCTION MACHINERY : Delivers 10 units of XCA1600 Super All-terrain Cra..
AQ
2020XCMG CONSTRUCTION MACHINERY : E-series Rotary Drilling Rigs Deliver Excellent Pe..
AQ
2020China construction machinery industry cheers strong 2020 sales but outlook un..
RE
2020XCMG CONSTRUCTION MACHINERY : launches X-GSS at Bauma China 2020, shows how to g..
AQ
2020XCMG CONSTRUCTION MACHINERY : to Take Part in bauma China 2020 with the Largest ..
AQ
More news
Financials
Sales 2020 68 887 M 10 645 M 10 645 M
Net income 2020 3 788 M 585 M 585 M
Net cash 2020 8 802 M 1 360 M 1 360 M
P/E ratio 2020 11,7x
Yield 2020 1,10%
Capitalization 43 869 M 6 767 M 6 779 M
EV / Sales 2020 0,51x
EV / Sales 2021 0,46x
Nbr of Employees -
Free-Float 49,6%
Chart XCMG CONSTRUCTION MACHINERY CO., LTD.
Duration : Period :
XCMG Construction Machinery Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends XCMG CONSTRUCTION MACHINERY CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Average target price 6,70 CNY
Last Close Price 5,60 CNY
Spread / Highest target 50,0%
Spread / Average Target 19,6%
Spread / Lowest Target -6,25%
EPS Revisions
Managers and Directors
NameTitle
Chuan Lu President & Director
Min Wang Chairman
Ge Li Chairman-Supervisory Board
Jiang Long Wu Chief Financial Officer, Director & Vice President
Shou Hang Zhang Member-Supervisory Board
Sector and Competitors