XCMG's global colleagues：
Dear Global Colleagues at XCMG,
The mountains and rivers are unharmed，The moon is full。On the occasion of the Mid-Autumn Festival，On behalf of XCMG、Board of Directors of XCMG、Party committee and management team，To XCMG colleagues and their families all over the world，Sincerest respect and season's greetings！Maybe close at hand，Maybe across the ocean，But our hearts are bound together by a common mission and dream.，Enjoy a bright moon together，Wish family and country reunion。
As the full moon rises and its gentle light illuminates the world, I hope it finds each of you fulfilled and happy. On behalf of the Board of Directors and the senior management team of XCMG Group and XCMG Machinery, I would like to take this Mid-Autumn Festival as an opportunity to extend my heartfelt respect and warmest holiday greetings to all XCMG colleagues and your families, wherever you may be. Whether near or far, separated by oceans or close by, our hearts are united by a shared mission and dream. Together, we enjoy the same moon and wish for the reunion of our families and nation.
Be committed to the new，Reform and development all the way。2024 is Xugong“Intelligent change from digital to network”A crucial year for implementation，From transformation planning blueprint to construction drawing、Landing to the key stage of the real scene map，We are firm in industry“High-end、Intelligent、Greening、Service-oriented、Internationalization”Direction of transformation and upgrading，Accelerate organizational change、Process reengineering、The pace of cultural remodeling，While flying the plane、While changing the engine，Push out a hole to push the world、Full value chain、The benefit of the whole business domain is one hole.。
We are determined to embrace innovation and pursue development through transformation. 2024 is a pivotal year for XCMG as we press ahead with our "Intelligent,Digital,and Connected Transformation" value. This year has been critical for XCMG, as we transition from strategic planning to practical application and real-world implementation. We are committed to advancing our industry's transformation towards high-end, intelligent, green, service-oriented, and internationalized upgrades. We are accelerating organizational change, process reengineering, and cultural reshaping. By managing both complex challenges and transformations simultaneously, we are driving efficiency across our global operations, the entire value chain, and all business domains through concerted efforts.
Aim high，Run to the future together.。First half，Anchoring“Mount Qomolangma summit”Strategic objectives，Carry out“High quality、Control risk、World class、Steady growth”Business development policy，We are firmly confident、Go all out、Take the lead，Overall revenue realization of the Group“Double half”，Gross profit margin of products、Net profit margin on sales“Double lift”，Performance of listed companies continues to lead the industry。We will continue to consolidate the steady and positive trend.，Follow the right path of connotative high-quality development，Striding forward。
With determination to aim high and move forward together into the future, we focused on our strategic goals in the first half of the year, adhering to the development guidelines of "high quality, risk control, world-class standards, and stable growth". We strengthened our confidence, energized our efforts, and bravely shouldered responsibilities. Our overall revenue has achieved "double surpassing" at the half-year mark, with both product gross margin and net sales margin seeing "double improvement". The performance of our listed company continues to lead the industry. We remain committed to consolidating this steady and positive trend, advancing along the path of high-quality development with substantial progress.
The proportion of international income has reached a new high.，The medal of merit is half yours.！In the wave of globalization，It is the international sharp soldiers of XCMG who have traveled far across the ocean.，Take dreams as sails，Interpreted with practical actions.“Engineering science and technology lead，Equip for a better future”Mission Vision，Interpreting and Practicing Xugong in the New Era“Speculation、 Revolution 、Innovation、To the top”Connotation of enterprise spirit。
The proportion of international revenue has reached a new high, and half of the credit goes to you! Amid the wave of globalization, XCMG's international pioneers have ventured across the seas, using their dreams as sails and their actions to embody the mission of "Leading Technology To Empower Solid Future". They are interpreting and embodying the questioning, revolutionary, innovative and persevering spirit of XCMG in the new era.
From large-scale wind power construction in Europe to the completion of the world's largest single refinery，From the 5,000-kilometer Trans-Asian Railway to“China-Pakistan Corridor”Construction project，From Saudi Future City to Simandou, the world's largest undeveloped iron ore mine，XCMG brands frequently appear in the world“Super Engineering”……From the plateau snow mountain to the vast desert，From the bustling city to the remote countryside，It's you，Let XCMG Equipment Cross Mountains and Seas，It's you，Let“Xu Gongjin”Shine globally，Become a heavy weapon of a big country and go global、Equipped with the world's most prestigious“Chinese business card”！
From large-scale wind power projects in Europe to the completion of the world's largest single refinery, from the 5,000-kilometer Pan-Asian Railway to the construction of the China-Pakistan Economic Corridor, from Saudi Arabia's NEOM City to the world's largest untapped iron ore project in Simandou, XCMG has frequently appeared in major global 'super construction projects.' From the snow-capped mountains of the plateau to the vast deserts, from bustling cities to remote villages, it is you who have brought XCMG's equipment across mountains and seas. It is you who have made XCMG products shine across the world, becoming a highly reputable 'Chinese Brand'—a symbol of national strength and global reach.
This year，I warmly received more than 1200 overseas friends in Xuzhou.，Lead the team deep into Turkey、Saudi Arabia and other local markets，And also just from Australia.、Returned from Indonesia for research，I saw every Xu worker who opened up territory.，It is hard and not easy to fight bravely in a foreign country.，I was very touched.！Thank you for your persistence and efforts.，Let XCMG become an enterprise worthy of being entrusted wholeheartedly，A company that creates value for customers around the world，A company dedicated to building a better world。
This year, I welcomed over 1,200 international friends in Xuzhou and led teams into local markets such as Turkey and Saudi Arabia. I have just returned from research trips in Australia and Indonesia, where I witnessed the hard work and dedication of every XCMG pioneer, bravely expanding into new territories in foreign lands. I am deeply moved by the challenges you face. Thank you to all our colleagues for your persistence and effort, which have made XCMG a company worthy of complete trust, a company that creates value for global customers, and one that is committed to building a better world.
The bright moon sends lovesickness，The family, the country and the Communist Party are at this time。No matter where you are，Xugong GroupXCMGWill always be your strongest backing.，The warmest harbor.。Let's go hand in hand，Under the moonlight of the Mid-Autumn Festival，Draw a grand blueprint for XCMG's international development，Create a more brilliant future！
As the full moon symbolizes reunion, we share these moments together as one family. No matter where you are, XCMG will always be your strongest support. Let us join hands and, under the light of the Mid-Autumn moon, paint a grand blueprint for XCMG's international development and create an even more glorious future together!
Finally，Sincerely wish you all a happy Mid-Autumn Festival!、Happy and healthy、A family reunion！May the moon light up your future.，It also illuminates every step of XCMG's globalization journey.！
Last but not least, I sincerely wish everyone a happy Mid-Autumn Festival, good health, and family reunions!May the bright moon light your future and illuminate every step of XCMG's global journey.
Xugong Group、Chairman of XCMG、Secretary of the Party Committee
Yang Dongsheng ,
Chairman of XCMG Group and XCMG Machinery
