Overseas revenue exceeds 50% of total for the first time as R&D investment rises 25.07%
XUZHOU, China, Sept. 9, 2026 /PRNewswire/ -- XCMG Machinery (SHE: 000425) has released its financial results for the first half of 2026, reporting revenue of RMB 61.25 billion (approximately USD 9.03 billion), up 11.75% year-over-year.
Overseas revenue rose 21.03% to RMB 30.92 billion (approximately USD 4.56 billion), exceeding 50% of total revenue for the first time. The results reflect continued improvement in XCMG's revenue structure, supported by growth across its core businesses, emerging product segments and global operations.
Key performance highlights include:
- Profitability: Net profit attributable to shareholders of the parent company totaled RMB 3.96 billion (approximately USD 584 million). Gross margin reached 22.12%, up 0.09 percentage points year-over-year.
- Core businesses: Revenue from lifting machinery and earthmoving machinery increased 20.37% and 27.80%, respectively. The first main unit of the world's first 14,000-ton ring crane, jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., recently rolled off the production line, highlighting XCMG's capabilities in high-end equipment.
- Innovation: R&D investment increased 25.07% to RMB 3.30 billion (approximately USD 486 million), with a focus on new energy, intelligent technologies and core components.
- Emerging businesses: Revenue from new energy products approached RMB 10 billion (approximately USD 1.5 billion), up 25.82%. Revenue from L2-and-above intelligent products also approached RMB 10 billion, increasing 25.48%, while intelligent product revenue in the open-pit mining machinery segment rose 406.49%.
XCMG now operates more than 60 overseas subsidiaries. During the first half of 2026, it established new trading subsidiaries in France and Nigeria. Its new energy manufacturing base in Indonesia entered production, while its Brazil plant was included in China's first group of overseas smart factories, marking further progress from overseas sales toward localized manufacturing.
The company's global network also includes more than 300 overseas dealers and over 2,000 service and spare parts outlets. Construction of overhaul centers in Indonesia and Simandou, Africa, is progressing as planned, further strengthening XCMG's overseas aftermarket service capabilities.
Taken together, these results underscore XCMG's continued focus on innovation, operational resilience and long-term value creation.
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XCMG Machinery Reports 11.75% Revenue Growth in H1 2026, Reinforcing Innovation and Operational Resilience
Hong Kong climate-tech company showcases its technology at VivaTech 2026, integrating carbon capture and utilization directly into existing concrete production lines
HONG KONG, Sept. 9, 2026 /PRNewswire/ -- As climate change intensifies and extreme weather events become more frequent worldwide, decarbonization is no longer a distant ambition but an urgent industrial priority. In the construction sector, one of the world's major sources of carbon emissions, the challenge is clear: how to advance low-carbon building materials without compromising efficiency or effective cost control.
Laputa Eco-Construction Materials Co. Ltd. ("Laputa"), a climate-tech company originating from Hong Kong, is addressing this challenge with a practical and deployable solution. The company integrates carbon capture and utilization (CCU) technology directly into concrete production, converting carbon dioxide that would otherwise be released into the atmosphere into low-carbon construction materials. The solution can be adopted within existing production lines without requiring large-scale infrastructure overhaul.
This approach means decarbonization does not need to wait for a complete rebuild of the industry. Instead, it can begin within existing systems, enabling traditional building materials manufacturers to transition with lower barriers to adoption.
Unlike many climate technologies that remain at the laboratory or pilot stage, Laputa has developed an integrated solution covering system design, equipment assembly, and on-site deployment. This ability to move from innovation to implementation strengthens its commercialization potential and positions Hong Kong innovation for broader international relevance.
With support from The Hong Kong Productivity Council (HKPC) under its "The Cradle – Go Global Service Centre" (The Cradle), Laputa recently showcased its technology at VivaTech 2026 in Paris, using the event as a springboard to accelerate its European expansion. As the European market continues to push for low-carbon and circular economy solutions, demand is growing for technologies that can be implemented immediately and at scale.
At the same time, through collaboration with its affiliated company CS Tech — the CCU technology provider and licensor — Laputa has further strengthened its technical stability and production scalability, reinforcing its foundation for overseas growth.
Dixon Chan, a founder of Laputa said: "Climate change is not a future issue; it is happening now. Our goal is not only to develop technology, but to make sure it can actually be adopted and scaled. Starting from Hong Kong, we want to bring practical low-carbon solutions to different parts of the world."
From Hong Kong to Europe and beyond, Laputa's growth journey reflects more than the progress of one company. It signals an important shift in local innovation — from research-led development to application-driven impact. As climate challenges become more urgent, the companies that can bring real solutions to real industrial settings will play a defining role in the global low-carbon construction.
About Laputa Eco-Construction Materials Co. Ltd.
Laputa Eco-Construction Materials Co. Ltd. is a Hong Kong-based climate-tech company focused on applying carbon capture and utilization (CCU) technology in construction materials. The company is committed to advancing low-carbon construction and sustainable development through integrated CCU solutions spanning system design, equipment integration, and on-site deployment.
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Laputa Launches Deployable Carbon Capture and Utilization Solution, Advancing Low-Carbon Building Materials and Expanding into the European Market
