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XCMG Construction Machinery's 2011 net profit up 15.12%

Apr. 11, 2012 (China Knowledge) - XCMG Construction Machinery Co Ltd<000425>, one of the leading construction machinery makers in China, said yesterday that its net profit rose 15.12% year on year to RMB 3.38 billion last year, boosted by a significant increase in sales.

Basic earnings per share were RMB1.64 in 2011, and the company proposed a dividend of RMB 2.50 per ten shares.

XCMG Construction Machinery saw its operating revenue jumped 28.03% year on year to RMB 32.97 billion last year, of which RMB 27.05 billion was generated by the domestic market, 29.63% more than in 2010. Revenue from the overseas market soared 112.63% year on year to RMB 4.21 billion in the year.

XCMG Construction Machinery has maintained its position as the world's largest seller of truck cranes for the ninth consecutive year and the world's biggest supplier of heavy-duty road rollers for the second consecutive year.

In 2012, the company aims to realize RMB 39.17 billion in operating revenue.

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