The most popular XCMG machinery has invested more

2022-07-27
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XCMG machinery has invested more than 700million yuan to increase its capital in five subsidiaries. XCMG machinery has invested more than 700million yuan to increase its capital in five subsidiaries. Introduction to China Construction Machinery Information: XCMG machinery announced that the company can easily add, delete or modify an experimental standard. It plans to invest more than 700million yuan to increase its capital in five subsidiaries, and set up a new subsidiary with 100million yuan to integrate the company's overseas business. According to the announcement, Xu 5 It is better to have the residual sample escorted. The installer machinery will invest 500million yuan to increase the capital of the wholly-owned subsidiary Xuzhou Heavy Machinery Co., Ltd. for the R & D of the subsidiary's crane products

XCMG machinery announced that the company plans to invest a total of more than 700million yuan to increase the capital of five subsidiaries, and spend 100million yuan to set up a new subsidiary to integrate the company's overseas business

according to the announcement, XCMG machinery will invest 500million yuan to increase its wholly-owned subsidiary Xuzhou Heavy Machinery Co., Ltd. for the R & D, technical transformation, supplementary and expanded reproduction of its crane products. In fact, the hoisting machinery industry is XCMG's strong point. However, this business was blocked in the first half of the year. In the first half of the year, XCMG's crane business revenue was 7.32 billion yuan, a decrease of 26.24% compared with the same period last year, and its gross profit margin also decreased by 1.64% year-on-year

regarding this capital increase, XCMG machinery said that at present, the R & D capacity and advanced production equipment capacity of XCMG heavy crane products are insufficient, which can not meet the needs of internal and external markets. In addition, the technical level and quality level of crane products are also in urgent need of improvement. Therefore, XCMG heavy needs to further strengthen R & D investment and implement technical transformation

in addition, XCMG also increased capital to four subsidiaries: Xuzhou XCMG material supply Co., Ltd., Xuzhou XCMG special engineering machinery Co., Ltd., Xuzhou XCMG truck mounted crane Co., Ltd. and XCMG Chongqing Engineering Machinery Co., Ltd. XCMG increased the capital of the above subsidiaries by 4102000 yuan, 76million yuan, 60million yuan and 40million yuan respectively. In terms of capital increase in subsidiaries, XCMG contributed 718million yuan this time

it is worth mentioning that XCMG will also invest 100million yuan to establish Xuzhou XCMG International Construction Machinery Co., Ltd. to engage in import and export trade, overseas production of "PLA biodegradable wire rod", with a degradation rate of 90%, manufacturing, overseas investment and management, international warehousing, logistics and services. The export business revenue of XCMG machinery in the first half of the year reached RMB 4.037 billion, a year-on-year increase of 56.04%. In this way, it is not surprising that XCMG set up an international company

XCMG said that by establishing an international company, the company made clear the position of overseas business in XCMG's future development and promoted XCMG's international development

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