XCMG machines before the end of 2016 will be injected into the listed company      

According to the latest news, XCMG limited in December 31, 2016 before Xugong digging into the listed company, which is Xugong in the latest disclosure of the "investor relations activities record form" revealed.

The company explained that the machine part has not been injected into the listed company are as follows at present. First of all, the excavator industry belongs to a perfectly competitive industry. At present, the domestic market is in a period of adjustment, shrinking demand, industry boom in the trough; and the normal operation of XCMG digging machine for a short time, is still in the market cultivation period, market development, brand building, product development, technical innovation, high investment, low margin products; in addition, the Xu Gongwa machine high asset liability ratio and profitability remains to be further improved. At this time, injection is not conducive to safeguard corporate interests.

XCMG machinery is mainly engaged in the development, manufacture and sale of engineering hoisting machinery, shovel Earth transport machinery, compaction machinery, concrete machinery, road machinery, fire fighting machinery and other construction machinery, core components.

XCMG is the first Chinese construction machinery enterprise to develop the international market. With the continuous improvement of its technical strength and excellent product performance, XCMG's competitiveness in the overseas market has increased year by year.