XCMG has always been the leader of China's construction machinery industry, ever since its establishment in March 1989. At present, XCMG ranks in the Top 5 in the global construction machinery industry, 123rd of Top 500 enterprises in China, and 53rd of Top 500 manufacturing industries in China. XCMG is a large-scale enterprise group in China's construction machinery industry, with the largest scale and most diverse series of products. The annual revenue of XCMG has increased to USD14 billion in 2011, ranking Top 1 in China's construction machinery industry.