More than half of XCMG Machinery’s revenue comes from overseas. What growth opportunities can green mining equipment unlock?
Overseas revenue rose to 50.48% of XCMG Machinery’s total in the first half of 2026, making overseas business an important buffer against domestic cycles. Great Wall Securities is optimistic about the structural upgrade brought by electrification and autonomous operation of mining equipment, with complete equipment offerings and overseas order expansion serving as the key links.
China Great Wall Securities ·